9-23-09 - Cannot be bought Because if you buy them you will...

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9/23/2009 189 Variation is not by the industry Variation is based on the firm 30% of firms’ profit links to the external factors 70% is depended on the internal factors of the firm Resource based view V aluable - Indirectly to the customers (increase in cost) - To the firm (Reducing costs) R are and non substitutable - No competitors have this I nimitable - It can’t be imitated or replaced
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Unformatted text preview: Cannot be bought. Because if you buy them, you will not make profit, because others would want the same resources. So it will end up costing lot more than the asking price. Scientific management (Fredrick Taylor) -If you have everyone do same work over and over, they could all be efficient-Assembly line Tasic knowledge...
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