[IS Theory]The cornerstones of competitive advantage: A resource-based

Peteraf, M.A., 1993. "The cornerstones of competitive advantage: A resource-based "

- Four conditions must be met for a firm to enjoy sustained returns.

 

 

- Resources heterogeneity creates Richardian or monopoly rents(전매)

- Ex Post Limits to competition prevent the rent from being competed away.

- Imperfect factor mobility ensures that valuable factors remain with the firm and that the rents are shared.

- Ex ante limits to competition keep costs from offsetting the rents.