According to the RBV:
A) Resources provide the building blocks for constructing a firm's strategy.
B) Capabilities provide the building blocks for constructing a firm's strategy.
C) Resources and capabilities provide the building blocks for constructing a firm's strategy.
D) Human resources provide the building blocks for constructing a firm's strategy.

Question

Quizplus · Accepted Answer

The Resource-Based View (RBV) suggests that a firm's resources and capabilities provide the building blocks for constructing a firm's strategy. Resources refer to a firm's assets and include things like financial resources, physical assets, and human resources. Capabilities refer to the firm's ability to use these resources to achieve a competitive advantage. Therefore, both resources and capabilities are important components of a firm's strategy according to the RBV.