Chapter

The Resource‐based View: Aligning Strategy and Competitive Equilibrium

Nicolai J. Foss

in Strategy, Economic Organization, and the Knowledge Economy

Published in print February 2005 | ISBN: 9780199240647
Published online April 2005 | e-ISBN: 9780191602177 | DOI: http://dx.doi.org/10.1093/0199240647.003.0003
 The Resource‐based View: Aligning Strategy and Competitive Equilibrium

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Resource-based view of the firm (RBV) has emerged as the dominant approach to strategy-content theory. However, the RBV was developed in hurry by a few key contributors, while its nearly 20 years of existence is considered short in the social science context. It is argued that the RBV is underpinned by a patched-up version of the competitive equilibrium model, and that this introduced an explanatory straitjacket that the RBV appears to only now be breaking out of.

Keywords: resource-based view of the firm; strategy-content research; competitive equilibrium model

Chapter.  8909 words.  Illustrated.

Subjects: Economic Systems

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