The paper examines how the sources and forms of competitive advantage interweave and what does this mean for the existing theory on competitive advantage. We found out that all sources of competitive advantage should be classified into external and internal category. Consequently, we believe it...

A firm's resources are well understood to be a source of competitive advantage. However, how a firm comes to acquire resources with the traits that provide competitive advantage is less clear. To explore this question, this paper studies a setting where heterogenous incumbent firms were affected...