Resources are a source of competitive advantage only when they are valuable, rare, difficult to imitate, and organized.

Question

Quizplus · Accepted Answer

This statement is a widely accepted criterion for determining if a resource can provide a company with a sustainable competitive advantage. A resource must meet all four criteria mentioned in the statement to be considered a source of competitive advantage. If a resource is valuable, rare, difficult to imitate and organized, it will be difficult for competitors to replicate or obtain the resource, giving the company a unique advantage over its competitors.

Resources Are a Source of Competitive Advantage Only When They