One Criterion for a Resource or Capability to Be a Source

question 16

True/False

One criterion for a resource or capability to be a source of competitive advantage is that it must allow the firm to perform a value-creating activity that competitors cannot perform.

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Definitions:

Ideal Type

A conceptual tool used in sociology, created by Max Weber, that serves as a model for understanding social phenomena by emphasizing the most significant characteristics, often to compare real situations against an idealized or pure form.

Structural

Related to the underlying or organizing framework of a system, often used in contexts such as sociology, engineering, and architecture.

Symbolic Interactionism

A theoretical framework in sociology that emphasizes how individuals create and modify their social reality through interaction, based on the interpretation of symbols.

Structural-functionalism

A sociological theory that views society as a complex system whose parts work together to promote stability and integrity.