Resource-based view

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Strategic management theory

title: "Resource-based view" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["business-economics", "competition-(economics)", "strategic-management"] description: "Strategic management theory" topic_path: "economics" source: "https://en.wikipedia.org/wiki/Resource-based_view" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Strategic management theory ::

  • The role of product markets is underdeveloped in the argument
  • The theory has limited prescriptive implications.

Other criticisms include:

  • The failure to consider factors surrounding resources; that is, an assumption that they simply exist, rather than a critical investigation of how key capabilities are acquired or developed.
  • It is difficult (if not impossible) to identify a resource which satisfies all of Barney's VRIN criteria or estimate how it alone affects firm performance.
  • An assumption that a firm can be profitable in a highly competitive market as long as it can exploit advantageous resources does not always hold true. It ignores external factors concerning the industry as a whole; Porter’s Industry Structure Analysis ought also be considered.
  • The emphasis put on economic value-added, leads firms that would follow the VRIN/VRIO framework to unsustainable practices.

References

References

  1. (2008). "21st Century Management: A Reference Handbook".
  2. "The Core Competence of the Corporation". Harvard Business Review.
  3. (2001). "Is the Resource-Based 'View' a Useful Perspective for Strategic Management Research?". Academy of Management Review.
  4. (1992). "The Resource-Based View Within the Conversation of Strategic Management". Strategic Management Journal.
  5. (2012). "Encyclopedia of New Venture Management".
  6. (January 2004). "Edith Penrose's (1959) Contributions to the Resource-based View of Strategic Management". Journal of Management Studies.
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  8. (1 March 1991). "Firm Resources and Sustained Competitive Advantage". Journal of Management.
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  12. (1988). "Assessing Advantage: A Framework for Diagnosing Competitive Superiority". Journal of Marketing.
  13. (1994). "The Capabilities of Market-Driven Organizations". Journal of Marketing.
  14. (2001). "Market-focused Resources, Competitive Positioning and Firm Performance". Journal of Marketing Management.
  15. (2001). "Is the Resource-Based "View" a Useful Perspective for Strategic Management Research?". Academy of Management Review.
  16. Andriessen, D., ''Making Sense of Intellectual Capital: Designing a Method for the Valuation of Intangibles,'' Elsevier Butterworth-Heinemann, Burlington, 2004{{pn. (October 2021)
  17. (October 1998). "The Relational View: Cooperative Strategy and Sources of Interorganizational Competitive Advantage". Academy of Management Review.
  18. (August 2002). "Alliance capability, stock market response, and long-term alliance success: the role of the alliance function". Strategic Management Journal.
  19. (October 2007). "Contract design as a firm capability: An integration of learning and transaction cost perspectives". Academy of Management Review.
  20. Jurevicius, O. (2013). Resource Based View. Retrieved 1 March and 9 March 2019 from https://www.strategicmanagementinsight.com/topics/resource-based-view.html
  21. Hunt, S.D. and Morgan, R.M., "The Comparative Advantage of the Firm," ''Journal of Marketing'', Vol. 59, April, 1995, pp 1-15
  22. (January 1998). "Competitive positioning and the resource-based view of the firm". Journal of Strategic Marketing.
  23. (2000). "Hidden Value". Harvard Business School Press.
  24. (2001). "Is the Resource-Based "View" a Useful Perspective for Strategic Management Research?". Academy of Management Review.
  25. (1994). "Research Note: How Valuable Are Organizational Capabilities?". Strategic Management Journal.
  26. (2001). "Is the Resource-Based Theory a Useful Perspective for Strategic Management Research?". Academy of Management Review.
  27. (2000). "Economics Meets Sociology in Strategic Management".
  28. Arend, R.J. & Lévesque, M. (2010). Is the resource-based view a practical organizational theory? Organization Science, 21(4), 913-930.
  29. (March 1991). "How much does industry matter?". Strategic Management Journal.
  30. (2024-04-18). "Toward an Ecological Resource Orchestration Model". Organization & Environment.
  31. (1999). "Strategic Marketing and the Resource Based View of the Firm". Academy of Marketing Science Review.

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business-economicscompetition-(economics)strategic-management