A resource$-$based strategy

is often based on cross$-$department combinations of intellectual capital and

expertise.

uses a company's valuable and rare resources and competitive capabilities to

deliver value to customers that rivals have difficulty matching.

is typically based on a stand$-$alone resource strength such as technological

expertise.

refers to a company's.most efficiently executed value$-$chain activity.

uses industry key success factors to provide a company with a core competence