Analysis of internal environment: RBV, KBV and dynamic capabilities - sirmon hitt arregle campbell 2010
8 important questions on Analysis of internal environment: RBV, KBV and dynamic capabilities - sirmon hitt arregle campbell 2010
What is the main shortcoming of RBV according to Sirmon et al. (2010), and how do they extend the concept of strategic liabilities?
- Do not have to be absolutely costly—just relatively weaker.
- Can be improved over time, moving from weakness → parity → strength with net benefit to the firm.
How are value and rarity defined in RBV terms?
- Insufficient supply compared to rivals
- Can exist in presence or level
What is the difference between capability strengths and weaknesses, and can weaknesses be converted?
- Be improved to parity
- Transition to strength over time with net benefit
- Higher grades + faster learning
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What do Hypotheses 3a–3c state, and were they supported?
- H3a: High strength + low weakness → positive effect.
- H3b: Low strength + high weakness → negative effect.
- H3c: High strength + high weakness → positive effect with variance.
What does Hypothesis 3d state, and was it supported?
- Supported
What do Hypotheses 4a–4c state, and were they supported?
- H4a: Higher environmental munificence → decrease in weakness sets (supported)
- H4b: Higher prior performance → increase in strength sets (supported)
- H4c: Higher prior performance → decrease in weakness sets (supported)
What is the Red Queen effect?
- Invest
- Adapt
What should managers focus on for temporary competitive advantage, and why must they continuously invest?
- Rivalry erodes advantages over time
- Strengths today may become weaknesses tomorrow
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
