Chapter 4 - Firm resources: competitiveness and growth

The resource-based view focuses on the external environment of the firm.

Tangible assets are things that are observable and quantifiable.

Nearshoring refers to the co-location of product development and manufacturing in nearby locations, for instance within the same industrial park.

Dynamic capabilities are higher order capabilities that enable companies to renew their portfolio of capabilities to react to changing markets

Causal ambiguity is an important reason why competitors may find capabilities too inimitable.

Human resources refer to assets that have been created by humans as opposed to natural resources such as agricultural and mining products.

If a company sets up a subsidiary abroad to move some of its production overseas, then we talk of

A company that is producing products on behalf of brand name companies without itself being involved in the product development is also known as

The concept of __ describes the stages of a manufacturing process necessary to produce a product or service

The term "offshore outsourcing" refers to

The activity of comparing a company's resources and capabilities with those of a leading company in the industry is also known as

Which of the following is not a question asked as part of a VRIO analysis?