Asked by gericko mendoza on Sep 24, 2024
Verified
The RBV perspective locates the source of competitive advantage for a firm at the
A) Individual firm level
B) Industry level
C) Customer Level
D) None of the above
RBV Perspective
Resource-Based View (RBV) refers to a method of analyzing and identifying a firm's strategic advantages based on its internal resources and capabilities.
Competitive Advantage
A situation or factor that gives a business an advantage over its competitors, placing it in a better or more dominant position in the market.
Individual Firm Level
The perspective of analyzing or considering operations, strategies, or impacts at the scale of a single organization, excluding sectoral or macroeconomic factors.
- Distinguish between the concepts of Industrial Organization (IO) and Resource-Based View (RBV) within strategic management.
Verified Answer
DE
Daniela Encinosa5 days ago
Final Answer :
A
Explanation :
The Resource-Based View (RBV) perspective emphasizes that a firm's competitive advantage is derived from its unique and valuable resources and capabilities, which are specific to the individual firm. Therefore, the source of competitive advantage is at the individual firm level, and not at the industry or customer level. This perspective suggests that firms should invest in developing and exploiting valuable resources and capabilities that are difficult for competitors to imitate or replicate, as these will contribute to sustained competitive advantage.
Learning Objectives
- Distinguish between the concepts of Industrial Organization (IO) and Resource-Based View (RBV) within strategic management.