Lockett, Andy, Thompson, Steve and Morgenstern, Uta (2009) The development of the resource-based view of the firm: A critical appraisal. International Journal of Management Reviews, Vol.11 (No.1). pp. 9-28. doi:10.1111/j.1468-2370.2008.00252.x

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Abstract

Over the last 20 years, the resource-based view (RBV) has reached a pre-eminent position among theories in the field of strategy, but debate continues as to its precise nature. This paper contributes to the debate by critically reviewing the development of the RBV to date. The critical appraisal examines the development of the RBV in terms of theory, method, empirical evidence and practical insights. It is contended that the permeable and eclectic nature of the RBV stems from its being a theory about what firms are and how they function, and that its popularity is due to an absence of limiting behavioural assumptions. Finally, the authors provide their own subjective views on where they think RBV scholars should focus their efforts in the future.

Item Type:	Journal Article
Subjects:	H Social Sciences > HF Commerce
Divisions:	Faculty of Social Sciences > Warwick Business School > Centre for Small & Medium-Sized Enterprises Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	International Journal of Management Reviews
Publisher:	Blackwell Publishing
ISSN:	1460-8545
Official Date:	2009
Dates:	Date Event 2009 Published
Volume:	Vol.11
Number:	No.1
Number of Pages:	20
Page Range:	pp. 9-28
DOI:	10.1111/j.1468-2370.2008.00252.x
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access

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