What does the Resource Based model suggest a firm should do to earn above average returns?© BrainMass Inc. brainmass.com October 25, 2018, 9:19 am ad1c9bdddf
The Resource Based model suggests the following in order to earn above average returns within his or her organization. At least five steps are worth noting. They are resources, capability, competitive advantage, industry is attractive and forming a strategy and implementing it. In regards to resources and capabilities, this is done by means of having a unique business. This ...
This solution discussed the Resource-Based Model in order to get above average returns.
Strategic Management I/O Model
• Compare and contrast the I/O Model of Above-Average Returns with the Resource-Based Model of Above-Average Returns.
• If you were the manager implementing these models how could you use them in the firm's best interests? Could managers use them "against the firm's best interests". If you saw these models being implemented in an unethical way, what would you do?
• Finally, explain how these models affect the strategic management process of the