In the resource-based view of strategy,the set of conditions leading to sustainable competitive advantage is that the organisation's resources are:
A)valuable,rare,imperfectly imitable and unique
B)invaluable,common,imperfectly imitable and difficult to substitute
C)valuable,common,perfectly imitable and difficult to substitute
D)valuable,rare,imperfectly imitable and easy to substitute

Question

Quizplus · Accepted Answer

According to the resource-based view of strategy, for an organization to achieve sustainable competitive advantage, its resources must be valuable (able to provide value to customers), rare (not widely available in the market), imperfectly imitable (difficult to copy or replicate), and unique (not substituted easily). Only option A satisfies all these criteria. Option B is contradictory as it suggests that the resources are common (widely available) but difficult to substitute. Option C suggests that the resources are common and perfectly imitable, which means competitors can easily replicate them. Option D suggests that the resources are valuable and rare, but it is easy to substitute them, which undermines their value.

In the Resource-Based View of Strategy,the Set of Conditions Leading