Rio Tinto: Resource-Based View

Rio Tinto: Resource-Based View Introduction                 Rio Tinto was established in 1873 and 1905. Currently, it is considered as the leading mining and geographic expedition companies in the globe. The companies find, mine and mold the mineral resources of the earth such as metal and minerals that be vital in make thousands of everyday products which meet the needs of the society and contribute to the remediate standard of living. The activities of the companies span the world with production from every continent. The companies are offering products such as aluminum, copper, diamonds, energy products, gold, industrial minerals and atomic number 26 ore (Rio Tinto, n.d.).                 Rio Tinto is a contemporary business which is committed in lot all of its stakeholders. Thus, in all of its activities, the participation follows the very stovepipe practice in terms of safety, ethical business, social and environmental responsibility, together with sustainable development (Rio Tinto, n.d.).                 The main objective of the company is to maximize profit towards its investors by operating in amenable manner and in sustainable manner in the process of finding, mining and processing minerals areas of expertise in which the Group has a competitive edge.

The strategy of Rio Tinto focuses investing in large, long life story and cost competitive advantage driven by the spirit of opportunity, not choice of commodity (Rio Tinto, n.d.). The Resource-Based             The resource-based view (RBV) of strategic steering focuses on the development of core competencies. This theory has been concisely draw by Pahalad and Hamel (1990) both achieved the scientific breakthrough and innovation of this theory, evening though the notion rooted from Penrose (1959). It is important to take line that RBV theory explains the differences in the performance of the company and its competitiveness. Thus, it is applied in showing the reasons behind the successful and unsuccessful... If you want to get a full essay, order it on our website: Ordercustompaper.com

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