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Add to cartThe HR value chain represents the goal-setting and strategic decision-making of a firm and consists of 4 values, which?
Competitive advantage
Critical succes factors
Employee attitudes and behaviours
HR practices
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The resource-based view (RBV) of the firm is a dominant theory about strategic management. It changed the outside-in approach to the inside-out approach. The sustainable competitive advantage is determined by internal sources that are:
The resource-based view (RBV) of the firm is a dominant theory about strategic management. It changed the outside-in approach to the inside-out approach. Internal sources can be:
Financial
Physical
Organizational
Human Resources
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The VRIO framework represents the sustained competitive advantage that is determined by internal resources of the RBV. What is the function?
You can see that without any structural support by the organization, these resource qualities are not likely to result in long-term succes
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What are the three reasons a resource can be difficult to imitate?
Path dependency
Causal ambiguity
Social complexity
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What is path dependency?
The ability of an organization to obtain a resource is dependent on unique historical conditions and history
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What is causal ambiguity
The link between resources possessed by an organization and it's sustained competitive advantage is causally ambigious
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What is social complexity?
The resource generating an organization's advantage is socially complex and difficult to understand
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Create quizChapters 3 and 4 based on the Athena Summary. Year 2023/2024. Including lectures.
45 questions
English
10-23-2023
Universiteit / Radboud Universiteit Nijmegen / Business Administration