Explain the Resource Based View Model in light of the resources being

Question

Explain the Resource Based View Model in light of the resources being the key to support the organizational performances

27 Apr 2023

Answer :

Word Count : 435

The Resource Based View (RBV) model is a management framework that suggests that a firm's resources and capabilities are the key to supporting organizational performance and creating competitive advantage. In other words, a firm's resources and capabilities are the primary determinants of its success.

According to the RBV model, a firm's resources can be divided into two categories: tangible and intangible. Tangible resources are physical assets such as buildings, equipment, and financial resources. Intangible resources include things such as intellectual property, human capital, and brand reputation.

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