Question

• Discuss the resource-based view of competitive advantage.   What are the characteristics of resources that may yield sustainable competitive advantage? Describe the role that Information systems can play in creating sustainable competitive advantage.

Answer 1

Q1. To understand why a couple of firms defeat others we can look at the indispensable theory behind resource based view. RBV encourages a firm to discover the key resources or capacities and to close the probability of achieving a commonsense high ground by advancing upon inside resources and abilities and their relative characteristics. Achieving a reasonable favored point of view is trying anyway keeping up the advantage is more irksome than accomplishing it. Firms will see that advantages constantly should be reevaluated for overhauls and improvements basically to grasp the high ground over new and old contenders.

2. Any exploitable resource in a resourced based view is said to have 4 characteristics
Imitable

Non-manageable

Valuable

Rare

Nobody is going to consider a benefit if it isn't beneficial. The advantage won't be stand-out in case it isn't phenomenal. A benefit that can be viably replicated can't by and large be abused to ideal position. Likewise, if the benefit can be substituted for whatever else, by then it additionally can't be beneficially manhandled in light of the fact that there is likely something else that can undermine the advantage.

Q3. Information systems modifies the rules of competition by modifying industry structure. An association can get a high ground by discovering better ways to deal with beat contenders by using development. Information systems have similarly started through and through new business from inside an association's present undertakings.

A regard chain is a noteworthy instance of where information advancement can give a firm a high ground. An affiliation's regard is estimated by the entirety purchasers will spend to buy a thing or organization. A productive business potentially exists if the regard a buyer finds and will pay is more imperative than the cost of making or play out all regard practices towards the thing or organization. An association can't have an advantage over its rivals with the exception of if the firm can play out these activities at either a lower cost or produce them such that gives an edge due to a partition in the thing or organization close by a first class cost