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Essay / Research Paper Abstract
This 13-page paper discusses the concept of the resource-based view of strategy. Bibliography lists 7 sources.
Page Count:
13 pages (~225 words per page)
File: AS43_MTrbvtheor.doc
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Unformatted sample text from the term paper:
of the external forces shaping the organization is important when it comes to ensuring that the organization can develop and sustain a competitive advantage. For others, a firms internal abilities,
resources and tools are the nuts and bolts toward creating specific strategies. Among the internal forces tools, the resource-based view has occupied an
important position in the toolbox of many strategists. The resource-based view, or RBV, points out that a firms internal resources, abilities, tools, capabilities and so on, are essential to developing
and forming strategic action. In fact, to strategists who embrace the RBV as the basis for planning, internal resources are more important to developing and sustaining a competitive advantage then
just about anything else. Though the theories and definitions behind the resource-based view are fairly straightforward, as with anything in the business and
academic literature, this concept has been analyzed and examined to determine how it fits into strategic theory as well as real-world operations. In
this paper, well examine some of the literature pertaining to the resource based view both as a theoretical concept and a tool in the real world of strategic planning.
Literature Review As with any kind of strategic tool, RBV has been a magnet for a variety of business academicians, who have attempted
to prove, and disprove, the viability of this particular theory. The important aspect of resource based theory is that the "resource" in question of any company is one that is
difficult, if not impossible, for a competitor to replicate or use. In other words, the resource in question needs to be unique enough so the competition isnt going to want
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