This chapter presents the resource-based model for competitive international strategy and its components. The first section presents competition context in terms of competition barriers that make it complicated for the firm to establish itself firmly in a host country market and then competitive dynamics follow. The second section clarifies the meaning of resources and capabilities, whereas the third discusses strategy formulation and, in particular, strategy directions and strategy competence. The fourth section captures implementation of competitive international strategy in terms of phases of a firm’s establishment in a host country, establishment modes, local value adding, and corporate control of strategy implementation. The final section discusses outcome in terms of sustainable international competitiveness.