Question

Based on resource-based approach give an example of a successful Asian firm which has its competitive advantage

Answer 1

The resource-based firm concentrates on economic rent and views the company as a reproducible capability. The resource-based view is related to the fact that firm’s internal environment, in terms of its resources and capabilities are more critical in the determination of a strategic action.

The best example for this kind of firm from Asia would be: the Oil companies that are existed in the market of Asia. They are completely resourced based rather than the customer based. If the resource is available at a greater time, the company will put more and more efforts to accomplish all of its tasks and also the final result will be good.