Recent success of firms in unattractive industries suggests that firm-specific resources and capabilities are not needed to determine firm performance.

Question

Quizplus · Accepted Answer

The recent success of firms in unattractive industries does not necessarily suggest that firm-specific resources and capabilities are not needed to determine firm performance. Other factors, such as market conditions and strategic decisions, could also play a role in these firms' success. Additionally, long-term performance may still depend on the firm's ability to leverage its resources and capabilities to sustain competitive advantage.

Recent Success of Firms in Unattractive Industries Suggests That Firm-Specific