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What Qualities Should an Asset Have in Order to Be

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What qualities should an asset have in order to be classified as a strategic resource according to the resource-based theory? What kind of competitive advantage does a resource provide if it has all these qualities?


Definitions:

Dispositionism

Dispositionism is a psychological theory that attributes behavior to inherent qualities or traits of the individual rather than to external circumstances.

Collectivism

An ideology or value system that emphasizes the priority of group goals over individual goals and the importance of cohesion within social groups.

Situationism

A theory in psychology that suggests human behavior is greatly influenced by external situational factors rather than by internal traits or motivations.

Fundamental Attribution Error

The tendency for observers to underestimate situational influences and overestimate personal characteristics when explaining others' behaviors.

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