Chapter one introduces two different models that can help companies select and implement the most effective strategy. Which of these models suggests that managers should determine what the firm's resources allow it to do better than the competition?
A) The industrial organization (I/O) model of the firm
B) The competitive dynamics (CD) model
C) The resource-based view of the firm (RBV) model
D) The five forces model of competition (5F)

Question

Quizplus · Accepted Answer

The Answer of Chapter one introduces two different models that can help companies select and implement the most effective strategy. Which of these models suggests that managers should determine what the firm's resources allow it to do better than the competition?
A) The industrial organization (I/O) model of the firm
B) The competitive dynamics (CD) model
C) The resource-based view of the firm (RBV) model
D) The five forces model of competition (5F)

Chapter One Introduces Two Different Models That Can Help Companies