Firm-Specific Resources

Firm-specific resources are unique assets or capabilities a company possesses that give it a competitive advantage. These can include specialized knowledge, technology, skilled employees, brand reputation, or proprietary processes that are difficult for competitors to replicate. Since they are tailored to the company's operations and not easily transferable, these resources help the firm differentiate itself in the market and create value that others cannot readily imitate. Essentially, they are the company's unique strengths that support its long-term success.