Buy custom benefits of strategic management
Essay's paper info
Topic: |
Business
|
Number of pages / Number of words: |
5 / 1207 |
Essay's paper body
A resource-based view emphasizes that a firm utilizes its
resources and capabilities to create a competitive advantage that ultimately
results in superior value creation. According to the resource-based view, in
order to develop a competitive advantage the firm must have resources and
capabilities that are superior to those of its competitors...
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Without this, the
competitors simply could replicate what the firm was doing and any
advantage quickly would disappear.
below is to compare the I/O and RBV views of strategic management.3.
Table 2-1: comparison of I/O and Resource-based Views
Factor I/O Resource-Based View
Competitive Advantage Positioning in industry Possessing unique organizational assets or capabilities
Determinants of Profitability Characteristics of industry; firm's position within industry
Type, amount, and nature of firm's resources
Focus of Analysis External Internal
Major Concern Competition Competencies??Resources
Strategic Choices Choosing attractive industry; appropriate position Developing unique resources and capabilities
Resources are the firm-specific assets useful for creating a cost or
differentiation advantage and that few competitors can acquire easily...
Essay fragment
General points of the essay
A Business Strategy Typology for the New Economy:IO view,Resource Based View Etc...
Human Resources And Competitive Advantage
In certain cases Porter's Diamond of Competitive Advantage may not be an appropriate framework for the analysis of a nation's sources of competitive advantage.
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What is the relevance of the research-based view of the firm to strategic management in a global environment?
“informatio Technology Can’t Really Give A Company A Strategic Advantage, Because Most Competitive Advantages Don’t Last More Then A Few Years And Soon Become Strategic Necessities Which Just Raise The Stakes Of The Game. Discuss Why?
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