Resource Based View

Resource Based View:

To survive and prosper an organisation needs to address the challenges of the environment that it faces. In particular it must be capable of performing in terms of the critical success factors that arise from demands and needs of its customers, discussed.

The strategic capability to do so is dependent on the resources and the competences it has. These must reach a threshold level in order for the organisation to survive.

The further challenge is to achieve competitive advantage. This requires it to have strategic capabilities that its competitors find difficult to imitate or obtain. These could be unique resources but are more likely to be the core competences of the organisation.

The resource based view of strategy (though it might more appropriately be labelled the ‘capabilities view’): that the competitive advantage and superior performance of an organisation is explained by the distinctiveness of its capabilities.

company phai co a strategic capability chua dung unique resources and core competences duoc xem la potential de tro thanh competitive advantage. De xac dinh, VRIN

The further challenge is to achieve competitive advantage. This requires it to have strategic capabilities that its competitors find difficult to imitate or obtain. These could be unique resources but are more likely to be the core competences of the organisation.

core competences are taken to mean the skills and abilities by which resources are deployed through an organisation’s activities and processes such as to achieve competitive advantage in ways that others cannot imitate or obtain.

In summary and from a resource-based view of organisations, managers need to consider whether their organisation has strategic capabilities to achieve and sustain competitive advantage. To do so they need to consider how and to what extent it has capabilities which are (i) valuable to buyers, (ii) rare, (iii) inimitable and (iv)...