The I/O and resource-based models contain many of the same steps.One clear difference between the two models is the resource-based model starts by looking at the internal strengths and weaknesses of a firm, while the I/O model begins with an examination of the external environment.Another key difference is the resource-based model identifies an attractive industry much earlier in the process than does the I/O model.

Question

Quizplus · Accepted Answer

The resource-based model focuses on internal resources and capabilities first, while the I/O model starts with the external environment. However, the resource-based model does not identify an attractive industry earlier; it emphasizes leveraging internal strengths to gain competitive advantage.

The I/O and Resource-Based Models Contain Many of the Same