Abstract
Understanding sources of sustained competitive advantage has become
a major area of research in strategic management. Building on the
assumptions that strategic resources are heterogeneously distributed
acrossfirms and that these differences are stable over time, this
article examines the link betweenfirm resources and sustained competitive
advantage. Four empirical indicators of the potential of firm resources
to generate sustained competitive advantage-value, rareness, imitability,
and substitutability-are discussed. The model is applied by analyzing
the potential of severalfirm resourcesfor generating sustained competitive
advantages. The article concludes by examining implications of this
firm resource model of sustained competitive advantage for other
business disciplines.
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