Which of the following perspectives assumes that the firm's unique combination of strategic resources is the primary influence on firm performance?
A)Industrial organization theory
B)Resource-based theory
C)Contingency theory
D)None of the above

Question

Quizplus · Accepted Answer

Resource-based theory assumes that unique strategic resources possessed by a firm, such as patents, brand equity, or skilled workforce, are the primary drivers of firm performance. Industrial organization theory focuses more on the external environment and market conditions, while contingency theory emphasizes the need for adaptation to changing circumstances.

Which of the Following Perspectives Assumes That the Firm's Unique