Proponents of the Resource-Based View Argue That External Factors Are

question 106

True/False

Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.

---

Definitions:

Internal Culture

The shared values, beliefs, and norms that influence the behavior and interactions of members within an organization.

Organisational

Pertaining to the structure and dynamics of an organization, including its processes, functions, and culture.

Motivation

The internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Natural Environment

The physical and biological factors along with their chemical interactions that affect an ecosystem or the earth as a whole.