The Text Points Out That from a Resource-Based View, You

question 37

Essay

The text points out that from a resource-based view, you and your firm need to develop overwhelming capabilities to offset the liability of foreignness. However, how does a small firm do that?

---

Definitions:

Downward Communication

Follows the chain of command from top to bottom.

Leanest Form

A state or manner that is stripped down to the most essential elements, without any excess or waste.

Active Listening

The process of fully concentrating on what is being said, understanding the message, and responding thoughtfully.

Parallel Communication

A communication process where messages are conveyed through multiple channels simultaneously to prevent bottlenecking and enhance understanding.