RESOURCE BASED VIEW OF THE FIRM

Cite all literature. Copy and paste each question and answer appropriately under each question.
1. What is the big deal about firm heterogeneity of resources and capabilities? Be specific. Remember none of your opinions, but rather findings from the literature are acceptable answers. This answer should be very comprehensive and should include cites from all of the articles for this week. Synthesize not summarize. Your answer should be no less than 400 words.
2. Is it ever possible for a firm to have a sustained competitive advantage? Why is a sustained competitive advantage important? Explain with weekly readings. Your answer should be no less than 300 words.
3. How does Newbert’s (2008) article in particular contribute so powerfully to the RBV literature? Also, brainstorm in detail about how this research is valuable to both the researcher and the practitioner. I want more thought in this question than what is described in this article. You will need to cite other readings to back up your thoughts. Your answer should be no less than 300 words.
4. Discuss the knowledge based theory of the firm along with knowledge creation and sharing. (300 words).

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