2. a.) A resource can be extremely difficult to imitate if: it arises through th
ID: 423894 • Letter: 2
Question
2.
a.)
A resource can be extremely difficult to imitate if:
it arises through the complex interaction of multiple people.
it is not path dependent.
it is clear how the resource gives rise to value.
it can be readily codified in written form.
b.)
Socially complex resources are:
resources that require public sanction in order to be utilized for profit-making purposes.
resources that are shared by different parties thereby making them easily imitable.
resources or activities that emerge through the interaction of multiple individuals.
resources that cannot be defined in terms of a numerical value.
it arises through the complex interaction of multiple people.
it is not path dependent.
it is clear how the resource gives rise to value.
it can be readily codified in written form.
b.)
Socially complex resources are:
resources that require public sanction in order to be utilized for profit-making purposes.
resources that are shared by different parties thereby making them easily imitable.
resources or activities that emerge through the interaction of multiple individuals.
resources that cannot be defined in terms of a numerical value.
Explanation / Answer
2.a) The answer is given below:
it is not path dependent.
Path dependency can be defined as decisions taken on the basis of past experience and knowledge and this can be easily imitated. If it is not path dependent a resources can be extremely difficult to imitate.
b) The answer is given below:
reaources or activities that emerge through the interaction of multiple individuals.
Socially complex resources can be defined as resources which are developed through culture of the organization hence the resources that emerge through the interaction of multiple individuals.
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