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resource-based view of the firm
- resource-based view of the firm
- resource-based view of the firm
The resource-based view (RBV) argues that firms possess resources, a subset
of which enable them to achieve competitive advantage, and a subset of those
that lead to superior long-term performance. Resources that are valuable and
rare can lead to the creation of competitive advantage. That advantage can be
sustained over longer time periods to the extent that the firm is able to
protect against resource imitation, transfer, or substitution. In general,
empirical studies using the theory have strongly supported the resource-based
view.
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source:
York University
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