According to the Resource Based View (RBV) of strategy, when a resource or capability is valuable, rare, hard to imitate, and non substitutable, firms may gain a sustainable competitive advantage Option D.
According to the Resource Based View (RBV) of strategy, when a resource or capability is valuable, rare, hard to imitate, and non substitutable, firms may gain a sustainable competitive advantage.
This means that the firm has a long-term advantage over its competitors because the resource or capability is not easily replicated or replaced by others. It gives the firm a unique position in the market and allows it to achieve superior performance.
An example of a resource that can lead to a sustainable competitive advantage is a patented technology. If a firm has a patented technology that is valuable, rare, hard to imitate, and non substitutable, it can enjoy exclusive rights to that technology and prevent competitors from replicating it.
Complete Question :
According to the Resource Based View (RBV) of strategy, when a resource or capability is valuable, rare, hard to imitate, and non substitutable, firms may gain
a) Competitive parity
b) A temporary competitive advantage.
c) A complex competitive advantage.
d) A sustainable competitive advantage.