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A Natural-Resource-Based View of the Firm
Abstract
Historically, management theory has ignored the constraints imposed by the biophysical (natural) environment. Building upon resource-based theory, this article attempts to fill this void by proposing a natural-resource-based view of the firm—a theory of competitive advantage based upon the firm's relationship to the natural environment. It is composed of three interconnected strategies: pollution prevention, product stewardship, and sustainable development. Propositions are advanced for each of these strategies regarding key resource requirements and their contributions to sustained competitive advantage.
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Metadata
- Authors
- Hart, S. L.
- Venue
- Academy of Management Review
- Publisher
- Academy of Management
- Published
- 1995-10
- Volume
- 20
- Issue
- 4
- Pages
- 986
- ISSN
- 0363-7425 (ISSN-L)
- OpenAlex
- W2103847341
- Cited by
- 5,174
- References
- 2
- FWCI
- 54.05
- Type
- journal article
- Language
- en
- Open access
- closed
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