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Capabilities as strategic resources

In: Capabilities for strategic advantage

Author

Listed:
  • David Birchall
  • George Tovstiga

Abstract

In the past decade and a half considerable research effort has been put into understanding the role of the firm’s resources and competitive capabilities in determining and executing appropriate strategies. Prahalad and Hamel’s (1990) seminal work on core competencies was highly influential in shifting the focus of management onto the firm’s strategic resources, particularly its capabilities. The authors argued that competitive advantage does not reside in industry structure or the firm’s participation in specific strategic groups, but rather in its possession and strategic deployment of unique and difficult to imitate bundles of skills, knowledge, and capabilities.

Suggested Citation

  • David Birchall & George Tovstiga, 2005. "Capabilities as strategic resources," Palgrave Macmillan Books, in: Capabilities for strategic advantage, chapter 0, pages 19-34, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52249-7_2
    DOI: 10.1057/9780230522497_2
    as

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