A global business perspective that deals with internal strengths and weaknesses is also called:
A) Global-business external view
B) Resource-based view
C) Institution-based view
D) Global-business internal view

Question

Quizplus · Accepted Answer

The resource-based view (RBV) is a global business perspective that deals with internal strengths and weaknesses. It emphasizes that a firm's resources and capabilities are the primary determinants of sustained competitive advantage and superior performance in the global marketplace. The RBV focuses on identifying and developing unique, valuable, rare, and difficult-to-imitate resources that can provide a sustainable advantage over competitors. This perspective contrasts with an institution-based view, which emphasizes the external, contextual factors that shape a firm's behavior and performance in global markets. The resource-based view is a perspective that focuses on a firm's internal strengths and weaknesses, including its resources, capabilities, and core competencies. This view emphasizes the importance of a firm's unique resources and how they can be developed and leveraged to create a competitive advantage in the global marketplace. The other options are either incorrect or incomplete descriptions of this perspective.

A Global Business Perspective That Deals with Internal Strengths and Weaknesses