Firms with Rare, Valuable, and Inimitable Resources Dominate Markets Indefinitely
This study explores how different resources can help companies stay ahead in the market. The researchers look at things like how valuable, rare, easy to copy, or replaceable these resources are, and how they affect a company's long-term success. By examining various company resources, they show how some resources can give a company a competitive edge for a long time. This research suggests that having unique and hard-to-replicate resources can help a company be more successful in the long run.