Human Capital in the Resource-Based View

Jeroen Kraaijenbrink

in The Oxford Handbook of Human Capital

Published in print January 2011 | ISBN: 9780199532162
Published online May 2011 | | DOI:

Series: Oxford Handbooks in Business and Management

Human Capital in the Resource-Based View

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  • Business and Management
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The resource-based view (RBV) is one of the most influential theories for explaining a firm's sustained competitive advantage (SCA). Its basic idea is that firms can attain an SCA when they possess and control valuable, rare, and inimitable assets and have an organization in place that is equipped to handle them. This article examines how human capital (HC) relates to the RBV. It deals critically with the RBV's evident weaknesses – especially its vague notions of resource and value. The article notes that there is no analysis of how HC might be differentiated from other types of resource, for the RBV treats all resources as conceptually equivalent. It distinguishes eight types of critique to the RBV. Three of these threaten the RBV's status as a core theory: the indeterminate nature of two concepts fundamental to the RBV – resource and value – plus the RBV's narrow explanation of a firm's SCA.

Keywords: resource-based view; competitive advantage; inimitable assets; human capital; resource

Article.  9529 words. 

Subjects: Business and Management ; Business Strategy ; Human Resource Management

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