In contrast to the industrial organization (I/O) model, the resource-based view of the firm (RBV) model focuses attention on which of the following?
A) economic conditions, government policy and political tensions
B) resources, capabilities and core competencies
C) opportunities and threats in the external environment
D) conflicting expectations of competitors, suppliers, and customers

Question

Quizplus · Accepted Answer

The resource-based view of the firm (RBV) model focuses on the resources, capabilities, and core competencies of a firm, rather than external factors like economic conditions or political tensions. The RBV model suggests that a firm's success is determined by its unique set of resources and capabilities, and how it can leverage these to create competitive advantage.

In Contrast to the Industrial Organization (I/O) Model, the Resource-Based