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Table 1 Models of Sustained Competitive Advantage

From: Seeing through the network: Competitive advantage in the digital economy

  Industry Structure View Resource-Based View Dynamic Capabilities Approach Network-Centric View
Unit of Analysis Industry: Positioning Firm: Resources Firm: Dynamic Capabilities Interorganizational network structure
Conception of the Environment Relatively stable industries Relatively stable industries Focus on internal organization Turbulent Dynamic digital ecosystems
Logic of Strategy- Making Predictive: Strategic planning Predictive: Strategic planning Adaptive: Planned Adaption Transformative: Effectuation
Value Creation Exchange value Firm Sequential value chain Exchange value Firm-owned resources Exchange value Dynamic capabilities Use value Network of firms Value co-creation