The strategic management viewpoint that bases business strategy on what the firm is capable of doing, providing a more sustainable competitive advantage than basing it on external opportunities, is the

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The resource-based view considers a firm's internal resources and capabilities as the foundation for its strategy, rather than solely depending on external opportunities or competition. This perspective emphasizes the importance of a firm's unique resources and capabilities for achieving a sustainable competitive advantage.

The Strategic Management Viewpoint That Bases Business Strategy on What