2010
DOI: 10.2139/ssrn.1676255
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Modern Resource-Based Theory(ies)

Abstract: We survey the resource-based view in strategic management, focusing on its roots in economics. We organize our discussion in terms of the Gavetti and Levinthal distinction between a "high church" and a "low church" resource-based view, and argue that these hitherto rather separate streams are increasingly overlapping.3

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Cited by 12 publications
(23 citation statements)
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References 151 publications
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“…In the original formulation, or "high church" RBV (Foss & Stieglitz, 2010;Gavetti & Levinthal, 2004), resources within a firm which have specific characteristics provide the conditions for firm-level sustained competitive advantage (Barney, 1991;Grant, 1991;Peteraf, 1993;Rumelt, 1984;Wernerfelt, 1984). Differentials in the resource base of the firm places emphasis on the competition for resource acquisition in strategic factor markets (Barney, 1986;Wernerfelt, 2010) and in the internal accumulation of resource stocks which have complementarities (Dierickx & Cool, 1989).…”
Section: Resource-based Viewmentioning
confidence: 99%
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“…In the original formulation, or "high church" RBV (Foss & Stieglitz, 2010;Gavetti & Levinthal, 2004), resources within a firm which have specific characteristics provide the conditions for firm-level sustained competitive advantage (Barney, 1991;Grant, 1991;Peteraf, 1993;Rumelt, 1984;Wernerfelt, 1984). Differentials in the resource base of the firm places emphasis on the competition for resource acquisition in strategic factor markets (Barney, 1986;Wernerfelt, 2010) and in the internal accumulation of resource stocks which have complementarities (Dierickx & Cool, 1989).…”
Section: Resource-based Viewmentioning
confidence: 99%
“…The differences in heritage are also apparent in the anchoring of the RBV in economics, and specifically economic equilibrium (Foss & Stieglitz, 2010); by contrast, the early work in IMP challenged the then mainstream research in B2B marketing and purchasing (see Håkansson, 1982). Nevertheless, there are some similarities, in terms of a shared heritage in Penrose (1959) and terminology used.…”
Section: Resource-based Viewmentioning
confidence: 99%
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“…Nevertheless, it is generally agreed that firms that possess the appropriate knowledge on routines are more efficient, can more easily enhance their performance by altering their resource base, and competitors cannot straightforwardly imitate their practices (Helfat and Peteraf 2003;Foss and Stieglitz 2011).…”
Section: Introductionmentioning
confidence: 99%
“…In this sense, routines reflect past knowledge, and the learnt patterns are drivers of competitive advantage, which is an antecedent of performance (Foss and Stieglitz 2011). An upward shift in performance could be indicative of organizational knowledge enhancements, which are arguably influenced by R&D spending and intangible assets (e.g.…”
Section: Introductionmentioning
confidence: 99%