Week 4: Purchasing & Supply Strategy Flashcards
(3 cards)
1
Q
What is the Resource-Based View (RBV)?
A
A theory that firms gain a competitive advantage by leveraging valuable, rare, inimitable, and non-substitutable (VRIN) resources
2
Q
What are capabilities
A
The firm’s ability to deploy resources effectively, often through routines or processes.
3
Q
What’s the difference between a resource and a capability
A
Resources are assets (tangible or intangible), while capabilities are how a firm uses those resources.
