One of the strategic goals of management is to develop a resource base that is primarily:
A) Flexible, responsive and efficient
B) Variable, rare, costly to initiate, and orderly
C) Valuable, rare, costly to imitate and organized to capture value
D) Unique and difficult to imitate

Question

Quizplus · Accepted Answer

In the resource-based model, certain types of resources are seen as key to superior firm performance. For a resource to be the basis of a competitive advantage, it must be valuable (V), rare (R), costly to imitate (I), and the firm must organize (O) to capture the value of the resource.

One of the Strategic Goals of Management Is to Develop