The resource-based model assumes that differences in resources and capabilities are the basis of a competitive advantage.

Question

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The resource-based model posits that organizations achieve a competitive advantage by accumulating and deploying resources and capabilities that are valuable, rare, inimitable, and non-substitutable (VRIN). This approach asserts that organizations can improve their performance by developing unique and valuable resources that are difficult for competitors to replicate or substitute.

The Resource-Based Model Assumes That Differences in Resources and Capabilities