Defining resources and capabilities
{"Image DocumentName": "Defining resources and capabilities", "Image ImageDescription": "\u2026when firms have resorces/capabilities that are valuable, rare, inimitable, and nonsubstitutable, they can acheive sustainable competitive advantage by implementing value creating strategies that cannot be easily duplicated by competing firms. Resources are firm-specific assets that are difficult if not impossible to imitate. Capabilities are those combination of resources and processes that together underpin competitive advantage for a specific firm competing in a particular product/service market. A capability is conceptualised as collectively held and action oriented knowledge that enables firms to get things done. Dynamic capabilities are defined as the firm\u2019s ability to integrate, build, and reconfigure internal resources and capabilities to address rapidly changing environment. Krsto Pandza - Technology Management.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}