The Resource-Based View: A Review and Assessment of its Critiques

Journal of Management, Vol. 36, p. 349, 2010

25 Pages Posted: 24 May 2010 Last revised: 18 Jul 2012

See all articles by Jeroen Kraaijenbrink

Jeroen Kraaijenbrink

University of Twente

J.-C. Spender

affiliation not provided to SSRN

Aard J. Groen

Universiteit Twente

Date Written: September 24, 2009

Abstract

The resource-based view (RBV) has been around for over 20 years - during which time it has been both widely taken up and subjected to considerable criticism. The authors review and assess the principal critiques evident in the literature, arguing they fall into eight categories. The conclude the RBV's core message can withstand criticism from five of these quite well provided the RBV's variable, boundaries, and applicability are adequately specified. Three critiques cannot be readily dismissed call for further theorizing and research. The arise from the indeterminate nature of two of the RBV's basic concepts - resource and value - and the narrow conceptualization of a firm's competitive advantage. As their suggestions for this work indicate, the authors feel the RBV community has clung to an inappropriately narrow neoclassical economic rationality, thereby diminishing opportunities for progress. The authors' suggestions may assist with developing the RBV into a more viable theory of competitive advantage, especially if it is moved into a genuinely dynamic framework.

Keywords: RBV, Penrose, Competitive Advantage

JEL Classification: D20, D80, L2, M13

Suggested Citation

Kraaijenbrink, Jeroen and Spender, J.-C. and Groen, Aard J., The Resource-Based View: A Review and Assessment of its Critiques (September 24, 2009). Journal of Management, Vol. 36, p. 349, 2010, Available at SSRN: https://ssrn.com/abstract=1614798

Jeroen Kraaijenbrink (Contact Author)

University of Twente ( email )

Postbus 217
Twente
Netherlands

J.-C. Spender

affiliation not provided to SSRN

Aard J. Groen

Universiteit Twente ( email )

Postbus 217
7500 AE Enschede
Netherlands

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