One implication of the resource-based perspective is that:
A)Firms tend to adopt similar or close strategies
B)Firms focus on being different from competitors in ways which matter to their competitiveness and to customers
C)Firms focus on building a stronger portfolio of capabilities than the average portfolio of their rivals
D)Firms focus on understanding their resources and capabilities in regards to their weaknesses

Question

Quizplus · Accepted Answer

The resource-based perspective emphasizes that firms should focus on developing unique resources and capabilities that differentiate them from their competitors and provide sustainable competitive advantage. Firms should prioritize building a portfolio of capabilities that is superior to their rivals, rather than simply trying to match competitors' strategies. Additionally, understanding weaknesses is important, but it is not the sole focus of this perspective.

One Implication of the Resource-Based Perspective Is That