The cornerstones of competitive advantage: A resource‐based view
Citations
13,128 citations
Cites background from "The cornerstones of competitive adv..."
...…nonsubstitutable (i.e., so-called VRIN attributes), they can achieve sustainable competitive advantage by implementing fresh value-creating strategies that cannot be easily duplicated by competing firms (Barney, 1991; Conner and Prahalad, 1996; Nelson, 1991; Peteraf, 1993; Wernerfelt, 1984, 1995)....
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...Since dynamic capabilities are processes embedded in firms, we assume an organizational and empirical lens, rather than an economic and formal modeling one (Barney, 1991; Peteraf, 1993)....
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...…theoretical framework for understanding how competitive advantage within firms is achieved and how that advantage might be sustained over time (Barney, 1991; Nelson, 1991; Penrose, 1959; Peteraf, 1993; Prahalad and Hamel, 1990; Schumpeter, 1934; Teece, Pisano, and Shuen, 1997; Wernerfelt, 1984)....
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Cites background from "The cornerstones of competitive adv..."
...Although the terminology has varied (Peteraf, 1993), there appears to be general agreement in the management literature about the resource characteristics that contribute to a firm's sustained competitive advantage....
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References
46,648 citations
"The cornerstones of competitive adv..." refers background in this paper
...Other notable contributions include Lippman and Rumelt (1982), Teece (1980, 1982), Nelson and Winter (1982), Rumelt (1984, 1987), Wernerfelt (1984), Barney (1986, 1991) , Dierickx and Cool (1989), Castanias and Helfat (1991), Conner (1991), and Mahoney and Pandian (1992)....
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...At the single business level, the model may help managers differentiate between resources which might support a competitive advantage from other less valuable resources ( Barney, 1991 )....
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...A basic assumption of resource-based work is that the resource bundles and capabilities underlying production are heterogeneous across firms ( Barney, 1991 ).2 One might describe productive factors in use as having intrinsically differential levels of 'efficiency.' Some are superior to others....
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"The cornerstones of competitive adv..." refers background in this paper
...Wernerfelt (1989) proposes some guidelines to help managers identify their critical resources and decide how to apply them....
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...Montgomery and Wernerfelt (1988) use the concept of switching costs to discuss how firmspecific investments may cement the trading relationship between a firm and the owners of factors employed by the firm....
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