Managing Firm Resources in Dynamic Environments to Create Value: Looking Inside the Black Box
Academy of Management Review, Vol. 32, No. 1, 2007
21 Pages Posted: 14 Feb 2009
Date Written: February, 13 2009
We address current criticisms of the RBV (oversight of dynamism, environmental contingencies, and managers' role) by linking value creation in dynamic environmental contexts to the management of firm resources. Components of the resource management model include structuring the resource portfolio; bundling resources to build capabilities; and leveraging capabilities to provide value to customers, gain a competitive advantage, and create wealth for owners. Propositions linking resource management and value creation are offered to shape future research.
Keywords: Resource management, RBV, environment
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