Assignment The purpose of this abstract is to summarize and evaluate the paper „Is the resource-based “view” a useful perspective for strategic management research “ written by RICHARD L. PRIEM and JOHN E. BUTLER. I. Summarization The authors try to clarify the fundamental theoretical statements of the resource based view (RBV) and specify its fundamental contributions to knowledge. PRIEM and BUTLER try to answer two basic questions: 1. Is the foundational and unembellished RBV actually a
Premium Strategic management Management Theory
problem solving and decision making. Employees who are strong in KSAOs has practice goal-directed thinking and action in situations for which no routine solutions exist and able to understand a problem situation and its step-by-step transformation based on planning and reasoning. Furthermore‚ it demonstrate ability to choose between alternative courses of action using cognitive processes such as memory and evaluation and demonstrate ability to map processes of possible consequences of decisions‚ to
Premium Cognition Evaluation Decision making
trying to present and combine the basic elements of Resource-based View that are discussed in three academic articles. A resource based view of the firm” by Wernerfelt‚ “At first‚ makes an effort to integrate important elements of sustainable competitive advantage from the Recourse-based view into a model of four conditions that underlie the sustained competitive advantage for a firm. It describes the first condition‚ heterogeneity‚ based on the notion that firms are fundamentally heterogeneous‚ in
Premium Strategic management Business terms
STRATEGIC MANAGEMENT The Resource – Based View of the Firm and Innovation: Identification of Critical Linkages (Summary Report) TIFFINY CHRISTINA RUEL BB12160888 SUMMARY REPORT This article is about the resources based view (RBV) of the firm an innovation of critical linkages by Konstantinos C. Kostopoulos‚ Yiannis E. Spanos‚ and Gregory P. Prastacos. This paper is analyses the interrelationship between RBV and organizational innovation. They researchers mentioned that the importance of this
Premium Strategic management Innovation Management
products to the same customers at a similar products to the same customers at similar prices‚ -firms making products that supply the same service. -Measure the intensity of rivalry: -number of existing competitors‚ -the industry growth rate‚ -the degree of product differentiation‚ -industry cost structure‚ -exit barriers‚ -excess capacity. -Deter the new entrants: -the established brand/reputation -existing relationships with buyers and distributors -location advantages; access to raw materials
Premium Strategic management Management Firm
organization view (I/O) is their choice of industry is very attractive. Todays world consist of many people who spend several hours playing video games. EA is from this aspect is stacking up ok against their competitors but they are also failing in their position. EA’s sales are down from previous years and they also missed the initial social gaming trend of which they are now trying hard to develop a digital platform for many of their popular games. The next perspective is resource-based view (RBV). EA’s
Premium Strategic management Management Business terms
Cardeal1* and Nelson António2 1 Católica-Lisbon School of Business Economics‚ Universidade Católica Portuguesa‚ Palma de Cima‚ Lisbon‚ Portugal. 2 ISCTE-IUL Lisbon‚ Av. Forças Armadas‚ Lisbon‚ Portugal. Accepted 13 July‚ 2012 The resource-based view (RBV) argues that valuable‚ rare‚ inimitable resources and organization (VRIO) lead to competitive advantage. Dynamic capabilities (DC) are a comparatively new field and the related literature is mainly conceptual. Capabilities can be considered
Premium Resource Case study
Analysis The Resource-Based View • developed to answer the question: Why do some firms achieve better economic performance than others? • used to help firms achieve competitive advantage and superior economic performance • assumes that a firm’s resources and capabilities are the primary drivers of competitive advantage and economic performance Copyright © 2012 Pearson Education‚ Inc. publishing as Prentice Hall. 3-4 Evaluating a Firm’s Internal Capabilities The Resource-Based View Resources and Capabilities
Premium Firm Pearson PLC Resource
competitive advantage redundant have ceased (:[2] p102; Rumelt‚ 1984‚ p562). When the imitative actions have come to an end without disrupting the firm’s competitive advantage‚ the firm’s strategy can be called sustainable. This is in contrast to views of others (e.g.‚ Porter) that a competitive advantage is sustained when it provides above-average returns in the long run. (1985). 2. In-imitable – If a valuable resource is controlled by only one firm it could be a source of a competitive advantage
Premium Resource Firm Sustainability
INTRODUCTION The mid-eighties witnessed the emergence of a growing body of work collectively labelled the resource and capability-based view of the firm (RBV). In reality‚ Resource Competence View (RCV) first adopted an “economic” orientation. Pioneer studies (Wernerfelt‚ 1984) ‚ Barney‚ 1986‚ 1991‚ Dierickx and Cool‚ 1989‚ Peteraf‚ 1993) focused on the type of resources and competencies that could offer to its owner a sustainable competitive advantage. Therefore‚ resources and competencies approach
Premium Strategic management Management