Resources and Strategy: Returning to the Primary Theoretical Perspectives

Ricardo Lebbos Favoreto, Saulo Fabiano Amâncio-Vieira, Arnaldo José França Mazzei Nogueira, Pablo Henrique Paschoal Capucho, Carlos Eduardo de Lima

Abstract


Objective: Our objective in this article was to revisit some of the main studies on the resource-based perspective and, additionally, point out possibilities for theoretical development.

Method: The texts were accessed through the book “Resources, firms, and strategies”, by Nicolai J. Foss. We also seek insights from three contemporary papers.

Originality/relevance: The resource-based perspective is one of the most pervasive theories in the field of strategy. Revisiting the work edited by Foss, which contains texts written by seminal authors of the field, allowed us to identify their origins and reflect on the contemporary production. The study also allowed us to prospect relevant theoretical extensions for the apprehension of new realities.

Results: We present interrelations among the texts that make up the book reviewed and three papers. This exercise allowed us to look up at classic texts of the theoretical field and contemporary researches at the same time.

Theoretical/methodological Contributions: Revisiting seminal texts from the field contributes to keeping alive the academic debate on the memory of its theoretical foundations. More than three decades after the denomination of the Resource-based View - which occurred in the paper published by Birger Wernerfelt (1984) - reflective insights about the evolution of the field are appropriate. This review evokes its bases and repositions them in current times. It also draws attention to some issues that still require theoretical development, as well as suggests ways for new theoretical explorations. Context issues, such as globalization and sustainability, subsidize renewed proposals.

 


Keywords


Resources; Strategy; Resource-based perspective; Nicolai J; Foss

References


Acedo, F. J., Barroso, C., & Galan, J. L. (2006). The resource-based theory: dissemination and main trends. Strategic Management Journal, 27(7), 621-636.

Andrews, K. R. (1971). The Concept of Corporate Strategy. Homewood, Ill: Dow Jones-Irwin.

Barney, J. (1986). Strategic Factor Markets: Expectations, Luck, and Business Strategy. Management Science, 32(10), 1231-1241.

Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120.

Chandler, A. D. (1962). Strategy and Structure. Cambridge, Mass.: MIT Press.

Dierickx, I., & Cool, K. (1989). Asset accumluation and sustained competitive advantage. Management Science, 35(12), 1504-1511.

Ferreira, M. P., Serra, F. R., Costa, B. K., & Ameida, M. (2016). A Bibliometric Study of the Resource-based View (RBV) in International Business Research Using Barney (1991) as a Key Marker. Revista Innovar Journal, 26(61), 131-144.

Foss, N. J. (ed.). (1997). Resources, Firms, and Strategies: a reader in the resource-based perspective. New York: Oxford University Press.

Kogut, B., & Zander, U. (1997). Kowledge fo the firm, combinative capabilities, and the replication of technology. In N. J. Foss. (Ed.). Resources, Firms, and Strategies: a reader in the resource-based perspective (pp. 306-326). New York: Oxford University Press.

Mahoney, J. T. (1995). The management of resources and the resource of management. Journal of Business Research, 33(2), 91-101.

Mahoney, J. T., & Pandian, J. R. (1992). The Resource-based View in within the conversation of strategic management. Strategic Management Journal, 13(5), 363-380.

Nelson, R. R. (1991). Why do firms differ, and how does it matter? Strategic Management Journal 12(52), 61-74.

Nelson, R. R., & Winter, S. G. (1982). An evolutionary theory of economic change. Cambridge: Harvard University Press.

Newbert, S. L. (2007). Empirical research on the resource-based view of the firm: an assessment and suggestions for future research. Strategic Management Journal, 28(2), 121-146.

Norheim-Hansen, A. (2018). The Virtues of Green Strategies: Some Empirical Support from the Alliance Context. Journal of Business Ethics, 151(4), 1161-1173.

Penrose, E. E. T. (1959). The Theory of the Growth of the Firm. New York: John Wiley.

Peteraf, M. A. (1993). The Cornerstones of Competitive Advantage: A Resource-Based View. Strategic Management Journal, 14(3), 179-191.

Porter, M. E. (1980). Competitive Strategy. New York: Free Press.

Richardson, G. B. (1997). The Organisation of Industry. In N. J. Foss. (Ed.). Resources, Firms, and Strategies: a reader in the resource-based perspective (pp. 60-72). New York: Oxford University Press.

Selznick, P. (1957). Leadership in Administration: a Sociological Interpretation. New York: Harper & Row.

Selznick, P. (1997). Leadership in Administration: a Sociological Interpretation. In N. J. Foss. (Ed.). Resources, Firms, and Strategies: a reader in the resource-based perspective (pp. 21-26). New York: Oxford University Press.

Stieglitz, N., & Heine, K. (2007). Innovations and the role of complementarities in a strategic theory of the firm. Strategic Management Journal, 28(1), 1-15.

Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509-533.

Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5(2), 171-180.


Full Text: PDF (Português (Brasil))

Refbacks

  • There are currently no refbacks.




Iberoamerican Journal of Strategic Management  e-ISSN: 2176-0756

Licença Creative Commons
Este obra está licenciado com uma Licença
Creative Commons Atribuição-NãoComercial-CompartilhaIgual 4.0 Internacional