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Explain the resource-based theory

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Reference no: EM132722127

Consider two theoretical views of an organization's internal environment.

First, explain the resource-based theory and its relevance to strategic management. Then, select one of the other theories (enactment, environmental determinism, institutional theory, or transaction cost economics) and compare and contrast it to the resource-based view. Which do you think best explains the internal environment? Why?

Reference no: EM132722127

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