Threats and opportunities from site Threats to sustainability Imitation or substitution Market entrâËšée Powerful buyers and suppliers Unpredictable changes in external environment Factors beyond a firms control (bad luck) Limitations of the RBV Presented as static concept - however, legion(predicate) firms need to be able to cope with turbulent environments Suggests that managers may have limited ability to create sustained aggressive advantages (empirical support by "perpetually failing firms" - firms that consistently seduce normal or below-normal returns Difficult to test empirically - entropy problem (at the level of the unit of abstract, Le., resources and capabilities) What is the appropriate level of depth psychology? How deeply does one have to look? Principles of capabilities-based competition bespeak : Build difficult-to-imitate organizational capabilities that distinguish a company from its compet itors Principles : o The building blocks of strategy are busine...If you want to get a full essay, order it on our website: BestEssayCheap.com
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