Firms with Rare, Valuable Resources Gain Unbeatable Advantage
This article explores how certain aspects of a company, like its unique resources, can help it stay ahead of its competitors for a long time. The researchers look at different ways that make these resources valuable, rare, hard to copy, and not easily replaced. By using these measures, they study which company resources offer the best chance for long-lasting success. The researchers suggest that companies can maintain a strong competitive edge by focusing on specific resources that set them apart from others in the business world.