RBV theory highlights that not all resources are of equal importance in terms of

achieving competitive advantage and superior performance, some are of more

value than others. Valuable resources will enable a firm to apply strategies and
perform in ways that lead to increased market share, higher sales, lower costs,
higher margins, or in ways that add value to the firm. RBV theory also
acknowledges that firm attributes related to past experiences, organizational
culture and core competencies are critical to the internal and external
accomplishments of the firm.
Superior performance is a result of resources- either tangible or intangible that
create value

What is the relevance of the resource-based view of the firm to strategic

management in a global environment?
1, The resource-based view highlights the resources competitive advantage and
superiority of one entity performance. These valuable resources will help the entity
on how to execute strategies and perform to increase the value of the firm. In short,
it utilizes the use of resources that best for the global environment.

2. The corporation's structure and culture are the things that reside inside the
corporation which makes a strong or weak point. Structure and culture affect the
employees how they expected to act and understand the work given to them such
as their roles and authority within the business. A good culture and structure is a
solid foundation of the corporation that they knew what to do and what will they
need to accomplish to toward to reach their goal.