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Twenty years resource-based view (or is it 50?): some (old and) new challenges and need for extensions

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  • Christos Pitelis

Abstract

We focus on Edith Penrose's resource-based theory of the firm, first appeared 50 years ago in 1955–1956. We discuss progress since, at the conceptual and empirical levels, and some criticisms and 'defences' of the modern Resource-Based View (RBV), and Edith Penrose's version in particular. We then point to existing and new challenges and ways ahead. Despite serious challenges, we suggest that the RBV holds significant promise for strategic management, economics and their interrelationship.

Suggested Citation

  • Christos Pitelis, 2007. "Twenty years resource-based view (or is it 50?): some (old and) new challenges and need for extensions," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 4(1/2), pages 47-56.
    • Handle: RePEc:ids:ijlica:v:4:y:2007:i:1/2:p:47-56
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    Cited by:

    1. Christos Pitelis, 2007. "Edith Penrose and a learning-based perspective on the MNE and OLI," Management International Review, Springer, vol. 47(2), pages 207-219, March.
    2. Christos N. Pitelis, 2011. "Foreign Direct Investment and Economic Integration," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume III, chapter 1, Edward Elgar Publishing.
    3. Kraaijenbrink, Jeroen & Spender, JC & Groen, Aard, 2009. "The resource-based view: A review and assessment of its critiques," MPRA Paper 21442, University Library of Munich, Germany.

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