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How Do Resource Similarity and Market Similarity Interact to Influence

question 59

Essay

How do resource similarity and market similarity interact to influence the actions of rival firms, and why is awareness of resource similarities important?


Definitions:

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, typically from an online community.

Wikipedia

A free, web-based, collaborative, multilingual encyclopedia created and maintained by a community of volunteer editors.

Decision Making

The cognitive process of selecting a course of action among several alternatives, often involving judgment, evaluation, and reasoning.

Organizations

Groups or entities that are structured and managed to meet a particular objective or set of objectives, ranging from businesses to nonprofits.

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