The resource‐based view of strategy and its value to practising managers

Abstract

A dominant theoretical paradigm in academic strategic management circles is the Resource-Based View (RBV). This paper reviews the literature of this position and the extent to which the RBV may be seen as a source of practical guidance for managers seeking competitive advantage and strategic success.• The theories of management academics should be of practical value to managers, otherwise such theories are of limited value. The test of the validity of theorizing about management is whether the theories produced help to improve the art of management. That is the criterion adopted in this paper.• The RBV is an 'inside-out' perspective, according to which, competitive success lies within the hands of managers themselves and it is from the point of view of practising managers that this paper examines competitiveness. Consequently, the assessment of the RBV will be a purely instrumental one. Does it help managers to manage better?

Strategic Planning Systems and Firm Performance in the Export Processing Zones

“…However, it lacks substantial managerial implications. It emphasizes managerial development of the resources but is silent on how it should be done [27]. Further it makes the illusion of total control, trivializing property rights while exagge-rating the extent to which managers control resources and predict future value [28].…”

“…Further it makes the illusion of total control, trivializing property rights while exagge-rating the extent to which managers control resources and predict future value [28]. According to [27] We therefore propose that:…”

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Small Medium Enterprises’ Resources and the Development of Innovation in Malaysia

“…In addition, it appears from the previous literature that intangible resources are in general drivers to firm's success (Amit et al 1993;Barney 1991;Conner 2002;Michalisin et al 1997). The present study will identify whether there are similar effects hold for Malaysia SMEs, but in the context of product innovation performance (PIP).…”