What does the relational view of competitive advantage propose?
What will be an ideal response?
A strategic alliance has the potential to help a firm gain and sustain a competitive advantage when it joins together resources and knowledge in a combination that obeys the VRIO principles. In other words, they are valuable, rare, difficult to imitate, and appropriately organized. The locus of competitive advantage is often not found within the individual firm but within a strategic partnership. According to this relational view of competitive advantage, critical resources and capabilities frequently are embedded in strategic alliances that span firm boundaries.
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When a partnership is liquidated, the assets are sold and the cash realized is applied first to the
a. partners' equity accounts. b. claims of creditors. c. partner with the largest investment in the partnership. d. partners according to their ownership interest as indicated by their capital account.
The purpose of the Sarbanes-Oxley Act is to:
a. Reduce the environmental damage caused by of manufacturing b. Strengthen corporate governance c. Enhance the financial position of banks d. Require U.S. firms to adopt more automated manufacturing methods
The most successful teams working on a written or oral presentation ________
A) make meetings a top priority B) make decisions by majority rule C) avoid conflict D) decide on the final format of the document or presentation before doing anything else
The ________ is the average units of demand that are not satisfied from inventory in stock per replenishment cycle
A) ROP B) ESC C) EOQ D) CSL