A S L 3 Lecture Notes - Lecture 8: Path Dependence, Resource-Based View, Value Chain
Document Summary
4. 1 looking inside the firm for core competencies. Core competencies are unique strengths, embedded deep within a firm and allow a firm to differentiate its profucts and services from those of its rivals. Resources are any assets that a firm can draw on when formulating and implementing a strategy. Capabilities organizational and managerial skills necessary to orchestrate a diverse set of resources and deploy them strategically. (intangible) Activities are distinct and fine-grained business processes that enable firms to add incremental value by transforming input into goods and services. 4. 2 the resource-based view resource-based view is a model that sees certain types of resources as key superior firm performance. If a resource exhibits vrio (valuable, rare, costly to imitate, organize) attributes the resource enables the firm to gain and sustain a competitive advantage. Tangible resources are resources that have physical attributes and thus are visible. Intangible resources are resources that do not have physical attributes and thus are invisible.
