Discuss the Relationships Among Resources, Capabilities, Core Competencies, Competitive Advantage

question 25

Essay

Discuss the relationships among resources, capabilities, core competencies, competitive advantage and firm performance.

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Definitions:

Innovation And Learning

The process of creating new ideas, products, or methods and the acquisition of knowledge to improve efficiency or effectiveness.

Residual Income

A measure of the income that exceeds the minimum required return on a company's investments or operations.

Divisional Income

The earnings generated by a specific division or segment of a larger company, used for evaluating the division's financial performance.

Minimum Acceptable

The lowest level or standard that will be considered satisfactory or acceptable.