The example of major oil companies shows that a firm's early history can shape its strategic intent, values, structures, and preferred business models, so influencing some of its distinctive capabilities

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The statement is true. The early history of major oil companies played a significant role in shaping their strategic intent, values, structures, and preferred business models, which ultimately influenced some of their distinctive capabilities. For example, the history of mergers and acquisitions among oil companies led to the creation of large, vertically integrated firms with diverse operations and a focus on cost efficiency. These factors contributed to the development of distinctive capabilities such as strong financial management and technological innovation.

The Example of Major Oil Companies Shows That a Firm's