The resource-based view of the firm:
A) suggests that resources,as compared to capabilities,are more closely linked with sustainable competitive advantage.
B) argues that the industry environment has a stronger influence on firms' ability to implement strategies successfully than does the competitor environment.
C) calls for firms to focus on their homogeneous skills to compete against their rivals.
D) assumes that resources may not be mobile across firms.

Question

Quizplus · Accepted Answer

The resource-based view of the firm assumes that resources may not be mobile across firms. This means that resources that are valuable, rare, and difficult to imitate can give a firm a sustained competitive advantage over their rivals. The other options are incorrect. Option A is not true as both resources and capabilities are important for sustained competitive advantage. Option B is incorrect as the resource-based view suggests that a firm's resources and capabilities are more important than the industry or competitor environment. Option C is incorrect as the resource-based view suggests that firms should focus on their unique and valuable resources and capabilities, not their homogeneous skills.

The Resource-Based View of the Firm