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

Jeroen Kraaijenbrink, +2 more
- 01 Jan 2010 - 
- Vol. 36, Iss: 1, pp 349-372
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TLDR
The resource-based view (RBV) of the firm has been around for over 20 years as mentioned in this paper, during which time it has been both widely taken up and subjected to considerable criticism.
About: 
This article is published in Journal of Management.The article was published on 2010-01-01 and is currently open access. It has received 1285 citations till now. The article focuses on the topics: Resource-based view.

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Citations
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The Theory of Industrial Organization

George Hendrikse
Journal ArticleDOI

Getting to the “COR” Understanding the Role of Resources in Conservation of Resources Theory

Jonathon R. B. Halbesleben, +3 more
- 25 Mar 2014 - 
TL;DR: In this article, a review of the conservation of resources (COR) theory is presented, highlighting gaps in the COR literature that can be addressed by integrating research from other areas of psychology and management.
Book

Competing for the Future

Kressel
TL;DR: In this article, Kressel offers an expert personalized answer to all these questions, explaining how the technology works, why it matters, how it is financed, and what the key lessons are for public policy.
Journal ArticleDOI

The Future of Resource-Based Theory: Revitalization or Decline?

Jay B. Barney, +2 more
- 10 Mar 2011 - 
TL;DR: In this paper, the authors provide a brief overview of the contributions provided by the commentaries and articles contained in this third Journal of Management special issue on RBT, focusing on interlinkages with other perspectives, processes of resource acquisition and development, micro-foundations of RBT and sustainability, and method and measurement issues.
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Resource Orchestration to Create Competitive Advantage Breadth, Depth, and Life Cycle Effects

David G. Sirmon, +3 more
- 01 Sep 2011 - 
TL;DR: How an emerging research stream, which they term resource orchestration, has the potential to extend the understanding of resource-based theory (RBT) by explicitly addressing the role of managers’ actions to effectively structure, bundle, and leverage firm resources is discussed.
References
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Book ChapterDOI

Firm Resources and Sustained Competitive Advantage

Jay B. Barney
- 01 Mar 1991 - 
TL;DR: In this article, the authors examined the link between firm resources and sustained competitive advantage and analyzed the potential of several firm resources for generating sustained competitive advantages, including value, rareness, imitability, and substitutability.
Journal ArticleDOI

Dynamic capabilities and strategic management

David J. Teece, +2 more
- 01 Aug 1997 - 
TL;DR: The dynamic capabilities framework as mentioned in this paper analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change, and suggests that private wealth creation in regimes of rapid technology change depends in large measure on honing intemal technological, organizational, and managerial processes inside the firm.
Journal ArticleDOI

A Resource-Based View of the Firm

Birger Wernerfelt
- 01 Apr 1984 - 
TL;DR: In this paper, the authors explore the usefulness of analyzing firms from the resource side rather than from the product side, in analogy to entry barriers and growth-share matrices, the concepts of resource position barrier and resource-product matrices are suggested.
Journal ArticleDOI

Exploration and Exploitation in Organizational Learning

James G. March
- 01 Feb 1991 - 
TL;DR: In this paper, the authors consider the relation between the exploration of new possibilities and the exploitation of old certainties in organizational learning and examine some complications in allocating resources between the two, particularly those introduced by the distribution of costs and benefits across time and space.
Book

The theory of the growth of the firm

Edith Penrose
TL;DR: In this article, the authors studied the role of large and small firms in a growing economy and found that large firms are more likely to acquire and merge smaller firms in order to increase their size.
Frequently Asked Questions (9)
Q1. What are the contributions mentioned in the paper "The resource-based view: a review and assessment of its critiques" ?

The authors review and assess the principal critiques evident in the literature, arguing they fall into eight categories. The authors 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. As their suggestions for this work indicate, the authors feel the RBV community has clung to an inappropriately narrow neo-classical economic rationality thereby diminishing its opportunities for progress. Three critiques that can not be readily dismissed call for further theorizing and research. 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. 

The way forward, the authors feel, is to move the RBV's agenda into the inherently dynamic Austrian framework, not by accentuating the rather unfortunately labeled 'dynamic capabilities', but by incorporating time, space and uncertainty-resolution into the RBV'swell-run socio-economy is perishable unless continuously invigorated by successful innovation. 

for an explanation of why firms exist, why their boundaries and internal organization are as they are, and why they are better at rent-creation than markets, specific references to incentives, asset ownership, and opportunism are required. 

3. Integrate the insights provided by property rights theory into resource-based theorizing toimprove their understanding of how resource attributes contribute to SCA and performance. 

To explain performance future studies should take into account the context and processes of resource deployment in realizing the value of resources. 

Locating the source of value creation within the imagination of those networked provides room for radical, disruptive innovation and a dynamic view of value in the RBV (Foss & Foss, 2008). 

A second route for addressing the tendency to tautology could be to attend to the time lag between acquiring VRIN resources and gaining an SCA. 

As Newbert (2007) demonstrates, resource configurations (or combinations as they are called there) are more likely to explain performance than single resources. 

As their review and suggestions for future theorizing and research indicate, the authors feel the RBVcommunity has clung to an inappropriately narrow neo-classical economic rationality and has thereby diminished its opportunities for progress over the last decade or so.