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Is the Resource-Based “View” a Useful Perspective for Strategic Management Research?

2001; Academy of Management; Volume: 26; Issue: 1 Linguagem: Inglês

10.5465/amr.2001.4011928

1930-3807

Richard L. Priem, John E. Butler,

Business Strategy and Innovation

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.