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Is the Resource-Based “View” a Useful Perspective for Strategic Management Research?
Abstract
As a potential theory, the elemental resource-based view (RBV) is not currently a theoretical structure. Moreover, RBV proponents have assumed stability in product markets and eschewed determining resources' values. As a perspective for strategic management, imprecise definitions hinder prescription and static approaches relegate causality to a “black box.” We outline conceptual challenges for improving this situation, including rigorously formalizing the RBV, answering the causal “how” questions, incorporating the temporal component, and integrating the RBV with demand heterogeneity models.
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“First, the resource management model asserts that resources alone do not guarantee sustainable competitive advantage [24,25];”
From Big Data, Big Data Analytics Capability, and Sustainable Innovation Performance (2019) · cites this paper as [24]
Citations
Cites
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Metadata
- Authors
- Priem, R. L., & Butler, J. E.
- Affiliations
- The University of Texas at Arlington (US)
- Hong Kong Polytechnic University (HK)
- ORCID
- Priem, Richard L.
- Venue
- Academy of Management Review
- Publisher
- Academy of Management
- Published
- 2001-01
- Volume
- 26
- Issue
- 1
- Pages
- 22-40
- ISSN
- 0363-7425 (ISSN-L)
- 1930-3807
- OpenAlex
- W2043189549
- Cited by
- 4,461
- References
- 8
- Citations by year
- 2026: 83 · 2025: 102 · 2024: 130 · 2023: 136 · 2022: 131 · 2021: 228 · 2020: 179 · 2019: 173 · 2018: 237 · 2017: 216 · 2016: 239 · 2015: 243 · 2014: 263 · 2013: 280 · 2012: 265
- FWCI
- 306.78
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Academy of Management Review (publishedVersion)
- PolyU Institutional Research Archive (Hong Kong Polytechnic University) (submittedVersion)
- IRIS - Institutional Research Information System (Libera Università Internazionale degli Studi Sociali Guido Carli) (submittedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
- Social Sciences › Business, Management and Accounting › Strategy and Management › Intellectual Capital and Performance Analysis
- Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Human Resource and Talent Management
- Keywords
- resource-based view, strategic management theory, resource heterogeneity, resource value, causal mechanisms, temporal dynamics, demand heterogeneity, formalization of theories, competitive advantage
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