The resource-based perspective involves assessing each resource or capability against the four elements within the evaluation system.
The resource-based view sees each resource as key to the superior performance of the firm. If a resource exhibits VRIO attributes, the resource enables the firm to sustain a competitive advantage among different firms.
In an evaluation system, The Resource-Based perspective of the firm starts from the concept as the performance of the firm is determined by assessing the resources, and these resources are configured to enable the firm to better performance which will provide a distinct competitive advantage for success within the four elements of the evaluation system.
Resource-based perspective holding competitive advantage declares that innovations can achieve sustainable competitive advantage by using resources to fulfill consumer interests in times when it is hard to substitute.
The perspectives of the theory suggest that resources which are valuable, rare, and nonsubstitutable are most suitable for the best position in a firm for complete achievement.
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