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According to resource-based theory, a corporation is best positioned for long-term success if it has access to resources that are valued, uncommon, challenging to duplicate, and non-replaceable.
What is strategic management in apple ?
In order to achieve success, Apple Inc. made the best use of the resources at its disposal. For instance, the organization's highly effective and experienced staff have substantially aided in the high level of performance the company has achieved.
Additionally, the company has enough financial resources to sustain ongoing research operations. The company has been able to keep up a high level of innovation thanks to ongoing research. Due to these principles, Apple Inc. has been able to gain a solid reputation for producing high-quality goods, which has helped it to draw in a lot of customers.
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According to resource-based theory, the best resources for a company's long-term success are those that are valuable, scarce, difficult to duplicate, and non-substitutable.
These strategic resources may serve as the basis for the development of firm capabilities that, over time, may result in improved performance.
What is strategic management's resource-based theory?
According to resource-based theory, the best resources for a company's long-term success are those that are valuable, scarce, difficult to duplicate, and non-substitutable. These essential assets can give the establishment to foster firm capacities that can prompt better execution over the long haul.
How significant is the resource-based theory?
You will learn about the real factors that influence your company's performance. You ought to be able to locate and safeguard crucial capabilities and resources. Through the development of resources and capabilities, you will be able to concentrate on long-term performance enhancement.
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