What is the difference between threshold and distinctive resources and capabilities? And why do we care about that?

Threshold: What you need to be in the game Also called ‘qualifiers’ or ‘table stakes’ Distinctive: Resources and capabilities that others don’t have, unique, hard to acquire Distinctive R&Cs are the basis of competitive advantage . To compete the firm needs both ‘threshold’ and distinctive R&Cs. It is the distinctive R&C that create sustainable competitive advantage.