Critically discuss the role of Resource Based View and Value
Chain in gaining competitive advantage. Please...
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General Management
Critically discuss the role of Resource Based View and ValueChain in gaining competitive advantage. Please give real lifeexamples.
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Every business needs to understand its competitive edge Its a value proposition that helps businesses identify what sets it apart from competitors How can one tell if a specific business activities are creating the most value for customers and a great profit margin Two methods Resource based view argues that CA or the competitive advantage comes from the resources at the firm These are the resources the firm can manage On the other hand the firms specific activity in the industry creates the sources of CA This view is called as Value Chain gaining the competitive advantage Both are explained below with example The Resource Based View RBV analyzes and interprets internal resources of the organizations and emphasizes resources and capabilities in formulating
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