A resource-based view of strategy sees a firm's success as primarily dependent on:
A)A firm's opportunities and threats.
B)A firm's strengths and weaknesses.
C) The competitive forces of the firm's market.
D) The formal and informal rules of the game.

Question

A resource-based view of strategy sees a firm's success as primarily dependent on:
A)​A firm's opportunities and threats.
B)​A firm's strengths and weaknesses.
C) ​The competitive forces of the firm's market.
D) ​The formal and informal rules of the game.

Quizplus · Accepted Answer

A resource-based view of strategy focuses on a firm's internal strengths and weaknesses, such as unique resources, capabilities, and competencies. This approach emphasizes that a firm's success is primarily dependent on its ability to use its resources to gain a competitive advantage over its rivals. The other options, such as opportunities and threats, competitive forces, and formal and informal rules of the game, are external factors that could impact a firm's success, but are not the primary focus of a resource-based view of strategy.

A Resource-Based View of Strategy Sees a Firm's Success as Primarily