“…Developed in reaction to the "five competitive forces" analysis (Porter, 1980), the RBV theory (Penrose, 1957;Chandler, 1977;Nelson and Winter, 1982;Prahalad and Hamel, 1990;Grant, 1991;Wernerfelt, 1995;Conner and Prahalad, 1996;Priem and Butler, 2001) has put forward the strategic relevance for firms to identify, acquire, and use resources and capabilities to achieve a sustainable competitive advantage. Within the resource-based view, knowledge has been regarded as a key strategic resource (see for instance Nonaka, 1994) leading to the formulation of a knowledge-based theory where the creation and application of knowledge identify the primary rationale for the firm (Bierly et al, 2000).…”