According to the resource-based view of the firm:
A) Strategies are neither deliberate nor emergent
B) Competitors may all develop the same competitive strength
C) The environment offers significant challenges to be overcome
D) Organizations are bundles of resources

Question

Quizplus · Accepted Answer

The resource-based view of the firm stipulates that organizations are bundles of resources that should be analyzed to gain a sustainable competitive advantage. Therefore, the correct option is D, which states that "organizations are bundles of resources." Option A is incorrect because the resource-based view acknowledges the importance of both deliberate and emergent strategies. Option B is wrong because it emphasizes the uniqueness of resources, which creates heterogeneous competitive advantages. Option C is also irrelevant because the resource-based view does not focus on the challenges offered by the environment but rather on how firms use their resources to overcome them.

According to the Resource-Based View of the Firm