Examlex
Discuss three theories for the emergence of states.
Resource Heterogeneity
The principle that resources and capabilities differ across firms, which can lead to competitive advantages for firms that have unique, valuable, and inimitable resources.
Socially Complex
Pertains to situations, relationships, or entities that are intricate due to the diversity and interdependence of social factors or actors involved.
Unique History
The distinct and individual past experiences or background of a person, object, or concept that makes it different from others.
Competitive Advantage
A factor or situation that positions a firm more favorably or advantageously in the market relative to its competitors.
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