Abstract
The Formula One constructors generally function at the peak of resource utilization and, therefore, manage resources very efficiently. Hence, almost every resource that becomes a capability for competitive advantage is converted into a competency for competitive advantage.
Internal strategic capability allows for successful strategy and is required for survival and success (Johnson et al, 1998). To gain competitive advantage involves adjustment of capabilities, for example acquiring major improvements and advancements in attributes such as technology and from the creation of new opportunities.
Stretching and exploiting capabilities in such a way that competitors cannot imitate, results in them becoming a rarity and providing competitive advantage. The factors responsible for the success of the teams in their respective periods of dominance can be considered through analysis of the organizations core competencies, a form of competitive advantage which is usually a result of "collective learning processes" and are manifested in business and activities and processes.
