Professional Documents
Culture Documents
Chapter 4
1. What is the relevance of the resource-based view of the firm to strategic
management It is necessary to have a resource based view in the firm
because it identifies and classifies the firm's resources in terms of strengths
and weaknesses. Secondly, it converts strengths into capabilities and core
competencies. Thirdly, to select the strategy which matches the best with
the external opportunities, it analyses the resource gaps and invests more
on upgrading weaknesses.
Chapter 5
Chapter 6