The resource-based view of the firm:
A) Emphasizes that it is difficult to develop and sustain a competitive advantage based on resources alone
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 capabilities to compete against their rivals
D) Suggests that vision and mission are closely linked to sustainable competitive advantage

Question

Quizplus · Accepted Answer

The resource-based view emphasizes that resources must be valuable, rare, inimitable, and non-substitutable to provide a sustainable competitive advantage, making it challenging to rely on resources alone.

The Resource-Based View of the Firm