More openness allows more value creation but less value capture More attractive for weaker players

In general, you can not expect to capture any value if you do not create any Getting\paid to playis an exception, but is unlikely to yield very high profits

Many markets are such that a firm needs several resources to success Resources can be brought together in several ways

在产品品质难以辨别的市场中,企业声誉的影响力 可持续非常久。 如果产品品质很重要的话,竞争优势也会持续非常 久

In markets where quality is hard to observe, reputations last a long time If quality is important, competitive advantages tend to be long-lived

损益表和资产负债表对于辨识资源 可能会有所帮助。 即使 一有一些未知的优势无法从会计报 表上看出 一琐碎的细项太多

“Relationship”-resources develop slowly The properties preventing imitation hamper transferability

损益表和资产负债表对于辨识资源可能会有所帮助。 即使有一些未知的优势无法从会计报 表上看出 琐碎的细项太多

Relationship\-resources develop slowly The properties preventing imitation hamper transferability

15834 Mid-Course Feedback 03 More specificity on summary slides .Lectures boring Case overlap . Post lecture slides