If a company does not possess standalone resource strengths capable of contributing to competitive advantage,
A)all potential for competitive advantage is lost.
B)it is unlikely to survive in the marketplace and should exit the industry.
C)it may have a bundle of resources that can be leveraged to develop a distinctive competence.
D)it is virtually blocked from using offensive strategies and must rely on defensive strategies.
E)its best strategic option is to revamp its value chain in hopes of creating stronger competitive capabilities.

Question

Quizplus · Accepted Answer

Even if a company does not possess standalone resource strengths, it may still have a bundle of resources that can be leveraged to develop a distinctive competence. By identifying and leveraging these resources, the company may be able to create a unique competitive advantage. Therefore, the best strategic option for the company is to identify and leverage its resources to develop a distinctive competence.

If a Company Does Not Possess Standalone Resource Strengths Capable