The final appraisal of the strengths and weaknesses of a firm's resources & capabilities
A)is a quantitative appraisal by an objective outside body.
B)requires insight and understanding of a firm's industry, and its position within the industry.
C)requires artistic flair and creative questioning.
D)requires detailed knowledge of business strategy theory, and all its intellectual roots.

Question

Quizplus · Accepted Answer

The final appraisal of the strengths and weaknesses of a firm's resources and capabilities requires insight and understanding of the firm's industry and its position within the industry. This involves analyzing the various resources and capabilities of the firm and how they can be used to achieve a sustainable competitive advantage. It also involves assessing the potential of these resources and capabilities to generate value for the firm over the long term. This is a qualitative assessment that requires a deep understanding of the business environment and the dynamics of the industry.

The Final Appraisal of the Strengths and Weaknesses of a Firm's