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The resource-based view: A review and assessment of its critiques

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  • Kraaijenbrink, Jeroen
  • Spender, JC
  • Groen, Aard

Abstract

The resource-based view (RBV) of the firm has been around for over twenty 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. The authors feel the RBV community has clung to an inappropriately narrow neo-classical economic rationality, thereby diminishing its opportunities for progress. Their 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.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 21442.

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Date of creation: 2009
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Publication status: Published in Journal of Management 1.36(2010): pp. 349-372
Handle: RePEc:pra:mprapa:21442

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Keywords: resource-based view; sustained competitive advantage; Austrian economics;

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References

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Cited by:
  1. Daunfeldt, Sven-Olov & Lang, Åsa & Macuchova, Zuzana & Rudholm, Niklas, 2011. "Firm Growth in the Retail and Wholesale Trade Sectors – Evidence from Sweden," HUI Working Papers 50, HUI Research.
  2. Josu Takala & Matti Muhos & Sara Tilabi & Mehmet Serif TAS & Bingli Yan, 2013. "Using Sustainable Competitive Advantages to Measure Technological Opportunities," Diversity, Technology, and Innovation for Operational Competitiveness: Proceedings of the 2013 International Conference on Technology Innovation and Industrial Management, ToKnowPress.
  3. Mugera, Amin W., 2012. "Sustained Competitive Advantage in Agribusiness: Applying the Resource-Based Theory to Human Resources," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 15(4).
  4. Carlos M. F-JARDON & Miguel GONZALEZ-LOUREIRO, 2013. "Human Capital as Source for Sustained Competitive Advantages in SMEs: A Core Competencies Approach," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(2), pages 255-276, December.
  5. Helm, Roland & Gleißner, Werner & Kreiter, Susanne, 2012. "Messung von Wettbewerbsvorteilen und Marktattraktivität für die strategische Planung," University of Regensburg Working Papers in Business, Economics and Management Information Systems 468, University of Regensburg, Department of Economics.

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