Though two teams could have different ages, functional backgrounds, experience, and so on, they could be strategically equivalent and thus substitutes for one another.

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Clearly, a firm seeking to imitate another high-quality top management team from a competitor firm would be unable to copy the team exactly. However, it might be able to develop its own unique management team. Though these two teams would have different ages, functional backgrounds, experience, and so on, they could be strategically equivalent and thus substitutes for one another.

Though Two Teams Could Have Different Ages, Functional Backgrounds, Experience