How Can a Resource-Based Strategy Lead to a Sustainable Competitive

question 84

Essay

How can a resource-based strategy lead to a sustainable competitive advantage?

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Definitions:

Intuition

The ability to understand or know something immediately, based on feelings rather than facts or evidence, often called a "gut feeling."

Expertise

Advanced knowledge or skill in a particular field, area, or activity, developed through extensive experience or training.

Implicit Knowledge

The type of knowledge that is acquired through exposure and experience, without conscious effort or awareness, and is difficult to articulate.

Intuitions

The ability to understand something immediately, without the need for conscious reasoning.