Journal
JOURNAL OF MANAGEMENT
Volume 36, Issue 1, Pages 349-372Publisher
SAGE PUBLICATIONS INC
DOI: 10.1177/0149206309350775
Keywords
resource-based view; sustained competitive advantage; neoclassical economics; Austrian economics
Categories
Ask authors/readers for more resources
The resource-based view (RBV) of the firm has been around for over 20 years-during which time it has been both widely taken up and subjected to considerable criticism. The authors review and assess the principal critiques evident in the literature, arguing they fall into eight categories. They conclude the RBV's core message can withstand criticism from five of these quite well provided the RBV's variables, boundaries, and applicability are adequately specified. Three critiques that cannot be readily dismissed call for further theorizing and research. They arise from the indeterminate nature of two of the RBV's basic concepts-resource and value-and the narrow conceptualization of a firm's competitive advantage. As their suggestions for this work indicate, the authors feel the RBV community has clung to an inappropriately narrow neoclassical economic rationality, thereby diminishing its opportunities for progress. The authors' suggestions may assist with developing the RBV into a more viable theory of competitive advantage, especially if it is moved into a genuinely dynamic framework.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available