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Journal ArticleDOI

A Resource-Based View of the Firm

Birger Wernerfelt
- 01 Apr 1984 - 
- Vol. 5, Iss: 2, pp 171-180
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TLDR
In this paper, the authors explore the usefulness of analyzing firms from the resource side rather than from the product side, in analogy to entry barriers and growth-share matrices, the concepts of resource position barrier and resource-product matrices are suggested.
Abstract
Summary The paper explores the usefulness of analysing firms from the resource side rather than from the product side. In analogy to entry barriers and growth-share matrices, the concepts of resource position barrier and resource-product matrices are suggested. These tools are then used to highlight the new strategic options which naturally emerge from the resource perspective.

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Book ChapterDOI

Firm Resources and Sustained Competitive Advantage

TL;DR: In this article, the authors examined the link between firm resources and sustained competitive advantage and analyzed the potential of several firm resources for generating sustained competitive advantages, including value, rareness, imitability, and substitutability.
Journal ArticleDOI

Dynamic capabilities and strategic management

TL;DR: The dynamic capabilities framework as mentioned in this paper analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change, and suggests that private wealth creation in regimes of rapid technology change depends in large measure on honing intemal technological, organizational, and managerial processes inside the firm.
Journal ArticleDOI

Dynamic capabilities, what are they?

TL;DR: Seeks to present a better understanding of dynamic capabilities and the resource-based view of the firm to help managers build using these dynamic capabilities.
Journal ArticleDOI

The Relational View: Cooperative Strategy and Sources of Interorganizational Competitive Advantage

TL;DR: In this paper, the authors argue that an increasingly important unit of analysis for understanding competitive advantage is the relationship between firms and identify four potential sources of interorganizational competitive advantage: relation-specific assets, knowledge-sharing routines, complementary resources/capabilities, and effective governance.
Journal ArticleDOI

The cornerstones of competitive advantage: A resource‐based view

TL;DR: In this article, the underlying economics of the resource-based view of competitive advantage is elucidated, and existing perspectives are integrated into a parsimonious model of resources and firm performance.
References
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Book

The theory of the growth of the firm

Edith Penrose
TL;DR: In this article, the authors studied the role of large and small firms in a growing economy and found that large firms are more likely to acquire and merge smaller firms in order to increase their size.
Book

The Concept of Corporate Strategy

TL;DR: The concept of corporate strategy, The concept of Corporate Strategy, Corporate Strategy as discussed by the authors, Corporate Strategy and Corporate Strategy: The concepts of corporate strategies and corporate strategy in the context of business.
Book

Positioning: The Battle for Your Mind

Al Ries, +1 more
TL;DR: In Positioning, a company creates a position' in the prospect's mind, one that reflects the company's own strengths and weaknesses as well as those of its competitors.
Book

Economies of scope

TL;DR: In this article, the authors define the conditions for the formation of multiproduct firms in perfectly competitive markets and show that the existence of a quasi-public input is a necessary and sufficient condition for the creation of such firms.
Book ChapterDOI

Industrial Organization, Corporate Strategy and Structure

TL;DR: In this paper, the authors surveyed the relationships between market structure and corporate strategy and found that market structure influences the economic performance of a large firm and the market in which it sells.