Early studies of the impact of firm-specific factors and capabilities on firm performance showed that firms in the same industry pursuing the same strategies had similar levels of performance.

Question

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Early studies, such as those rooted in the resource-based view, suggested that firm-specific factors and capabilities (e.g., resources, competencies) significantly impact firm performance, leading to the conclusion that firms in the same industry can achieve different levels of performance based on their unique resources and capabilities.

Early Studies of the Impact of Firm-Specific Factors and Capabilities