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Title: Resource Based View

Essay Details

Subject: Business
Author: Saul B
Date: October 18, 2011
Level: University
Grade: B
Length: 3 / 696
No of views: 0
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Essay text:

Grant (1991) considered resources as inputs available for firms in open markets to use and customize. Because of the general availability of resources, it is critical to possess firm-specific capacity to identify, develop and deploy key resources to lead to core competences (Fahy, 2000). According to resource based view theory, not all resources are equally important to the firm to obtain competitive advantage, and the key determents are: rareness, low tradability, inimitability, non-substantiality, durability and matching with strategic industry factors (Grant, 1991; Amit and Schoemaker, 1993; Barney, 1991; Fahy, 2000)...

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Because of the general availability of resources, it is critical to possess firm-specific capacity to identify, develop and deploy key resources to lead to core competences (Fahy, 2000). According to resource based view theory, not all resources are equally important to the firm to obtain competitive advantage, and the key determents are: rareness, low tradability, inimitability, non-substantiality, durability and matching with strategic industry factors (Grant, 1991; Amit and Schoemaker, 1993; Barney, 1991; Fahy, 2000)...

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