Porter's (1985)Competitive Strategy suggests that a well-developed and executed competitive strategy is the source of competitive advantage. Drawing on your knowledge of the Resource Based View on this module is Porter's view entirely correct? A. Yes B. No B A

Question

Porter's (1985)Competitive Strategy suggests that a well-developed and executed competitive strategy is the source of competitive advantage. Drawing on your knowledge of the Resource Based View on this module is Porter's view entirely correct? A. Yes B. No B A

Answer 1

Porter's Competitive Strategy revolves around the idea that a firm can generate competitive advantage from an amazing strategy within its working environment. However, the Resource-Based View (RBV) is another perspective in strategic management. RBV argues that organizations can secure a sustained competitive advantage if they have superior resources or capabilities. Even though it appears that Porter's view could be entirely correct, the resource-based view suggests that besides strategy inspection of internal resources that are valuable and precious to recreate by the company's competitors is also a substantial source of competitive advantage.

Question

Porter's (1985)Competitive Strategy suggests that a well-developed and executed competitive strategy is the source of competitive advantage. Drawing on your knowledge of the Resource Based View on this module is Porter's view entirely correct? A. Yes B. No B A

Answer

Answer

Explanation