100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
WPC 480 Chapter 4 Exam With Complete Solutions $10.59   Add to cart

Exam (elaborations)

WPC 480 Chapter 4 Exam With Complete Solutions

 4 views  0 purchase
  • Course
  • Institution

WPC 480 Chapter 4 Exam With Complete Solutions Core competencies Unique strength, embedded deep within a firm, that are critical to gaining and sustaining competitive advantage. Resources Any assets that a firm can draw on when formulating and implementing a strategy. Capabilities Org...

[Show more]

Preview 1 out of 3  pages

  • May 27, 2024
  • 3
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
WPC 480 Chapter 4 Exam With Complete
Solutions
Core competencies
Unique strength, embedded deep within a firm, that are critical to gaining and sustaining competitive
advantage.


Resources
Any assets that a firm can draw on when formulating and implementing a strategy.


Capabilities
Organizational and managerial skills necessary to orchestrate a diverse set of resources and deploy
them strategically.


Activities
Distinct and fine-grained business processes that enable firms to add incremental value by
transforming inputs into goods and services.


Resource based view
A model that sees certain types of resources as key to superior firm performances.


Tangible resources
Resources that have physical attributes and thus are visible.


Intangible resources
Resources that do not have physical attributes and thus are invisible.


Resource heterogeneity
Assumption in the resource-based view that a firm is a bundle of resources and capabilities that differ
across firms.


Resource immobility
Assumption in the resource-based view that a firm has resource that tent to be "sticky" and that do
not move easily from firm to firm.


Two critical assumptions
1. Resource heterogeneity
2. Resource immobility


VRIO Framework
A theoretical framework that explains and predicts firm-level competitive advantage.


VRIO
1. Valuable
2. Rare
3. Icostly to Imitate

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller LectDan. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.59. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79223 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.59
  • (0)
  Add to cart