The _____ view of global business focuses on internal factors that can help a firm overcome its external environment.
A) resource-based
B) industry-based
C) socio-cultural
D) institution-based

Question

The _____ view of global business focuses on internal factors that can help a firm overcome its external environment.
A) resource-based 
B) industry-based 
C) socio-cultural 
D) institution-based

Quizplus · Accepted Answer

The resource-based view of global business suggests that a firm's internal resources and capabilities are the primary drivers of its competitiveness in the external environment. By leveraging their unique resources and capabilities, firms can create a sustainable competitive advantage that helps them overcome challenges in the global marketplace. This approach contrasts with the industry-based view, which emphasizes external factors such as industry structure and competitive dynamics. The socio-cultural and institution-based views focus on broader social and cultural factors that can affect a firm's performance in the global business environment.

The _____ View of Global Business Focuses on Internal Factors