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Definition
| Situation in which the cause and effect of a phenomenon are not readily apparent. |
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Term
| Dynamic capabilities perspective |
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Definition
| A model that emphasizes a firm`s ability to modify and leverage its resourc base in a way that enables it to gain and sustain compeititve adventage in a constantly changing environment. |
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Definition
| A situation in which the options one faces in the current situation are limited by decisions made in the past |
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Definition
| A model that sees resources as keu to superior firm performance. If a resource exgibits VRIO attributes the resource enables the firm to gain sustain a competitive advantage. |
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Definition
| Assumption in the resource-based view that a firm is a bundle of resources and capabilities |
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Term
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Definition
| Assumption in the resource-based view that a firm has resources that tend to be "sticky" and don`t move easy from firm to firm. |
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Definition
| The firm`s current level od intangible resources. |
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Definition
| A situation in which different social and business systems interact with one another; |
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Term
| Strategic Activity system |
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Definition
| The Conceptualization of a firm as a network of interconnected activities. |
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Term
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Definition
Valuable->Competitive Disadvantage
Rare->Competitive Parity
Costly to imitate->Temporary Comp. Adv.
Organized to capture value->Temp. C. A. |
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