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Unformatted text preview: 1. value 2. rareness 3. imperfectly imitability 4. substitutability A firms resources include:- assets- capabilities- organizational processes- firm attributes- information- knowledge Physical Capital Resources:-graphic location-access to raw materials Human Capital Resources:-training-experience-judgement-intelligence-relationships-insight of individual managers and workers Organizational Capital:-formal reporting structure-formal and informal planning, controlling, and coordinating systems-informal relations among groups Schumpeterian Shocks structural revolutions in an industry First Mover Advantages first firm in an industry can obtain a sustained competitive advantage....
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This note was uploaded on 04/21/2008 for the course MGT 1 taught by Professor 1 during the Spring '08 term at Villanova.
- Spring '08