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RBV :star: (Weaknesses (considerable barriers to the empirical testing of…

- - - - resource inputs into each capability
    - - potential for sustainable competitive advantage
      - appropriability of returns
    - - Select a strategy that best exploit capabilities relative to opportunities
    - - identify and replenish resource gaps
    - - Compare with compeition
      - Identify resources
  - - - Replicability
        
        relative bargaining power
        
        high-tech start-ups founded by former employees of established companies
      - Transparency - Determining resources/capabilities required to replicate strategy
        
        Imperfect information
        
        more difficult for more complex combinations
      - Transferability - How easily a competitor can amass resources and capability to replicate strategy
        
        imperfect infromation
        
        Geographic immobility
        
        cost of relocating
        
        Firm specific resources
        
        Immobility of resources
        
        require interactive resources
        
        :explode: legal firm
      - durability
        
        rate at which a firm’s underlying resources and capabilities depreciate or become obsolete
        
        :explode: VHS - Panasonic, then DVD developed by SOny
  - - - what are the main dimensions of competition - price, service?
      - How intense competition is
- - - - realign the match-up of businesses (i.e., add, combine, and split) and their related resources to changing market opportunities Dell’s constant segmentation of operating businesses to match shifting customer demands is an example of a superior patching process
    - - product development routines by which managers combine their varied skills and functional backgrounds to create revenue-producing products and services
    - - managers pool their various business, functional, and personal expertise to make the choices
    - - Transfer processes including routines for replication and brokering
- - - - :explode: BRF cold chain supply network
  - - - :explode:Example: US government supported international growth of CAT to support WW2