Selecting a theoretical foundation for the development of a research model requires in a first step the definition of a set of criteria against which existing, potentially suitable theories can be evaluated. In establishing the relevant set of criteria, this section starts with a brief discussion of the general characteristics a theory must exhibit in order to be complete and valuable, followed by the definition of the specific requirements for a theory that arise from the specified research objective.
KeywordsCompetitive Advantage Firm Performance Path Dependency Dynamic Capability Neoclassical Economic
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