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Characteristics of resources and capabilities creating sustainable competitive advantage of the firm

The “Resource-based approaches to the theory of competitive advantage point towards four characteristics of resources and capabilities creating sustainable competitive advantage for the firm, including: durability, transparency, transferability, and replicability” (Grant, 1991, p. 124), that are complement to the VRIN model of Barney (1991) (in which the resources that create sustainable competitive advantage for the

10
Sep
VRIN model or VRIO framework of Sustained Competitive Advantage of the Firm

We review the main contents of the VRIN model or VRIO framework, developed from the research of Barney, published in Journal of Management in 1991. This framework focuses on the attributes of resources that allow firm generating its sustainable competitive advantage. Four attributes of such resources include value, rareness, imitability, and non-substitutability or so-called question

161 Comments

10
Sep
The Resource-Based Process of Strategy Formulation

This article introduce a practical process of resource-based approach to strategy formulation, that includes: (i) analyzing the firm’s resource-base; (ii) appraising the firm’s capabilities; (iii) analyzing the profit-earning potential of firm’s resources and capabilities; (iv) selecting a strategy; and (v) extending and upgrading the firm’s pool of resources and capabilities. This five-stages process base on

95 Comments

10
Sep
Growth of Knowledge of the Firm

This article present the model of growth of knowledge of the firm, that is developed by Kogut and Zander (1992) in their famous article published in 1992 in Organization Science. This model explains what is knowledge, and how it develop within the firm. In the knowledge-based view, the central competitive dimension of what firms know

25
Jan
Transformation Process of Personal to Social Knowledge within Organizations

This article focuses on the process of Transformation of Personal to Social Knowledge within organizations, that is developed by Kogut and Zander in their famous article published in 1992 in Organization Science. We begin by categorizing the organizational knowledge into information and know-how. By information, we “mean knowledge which can be transmitted without loss of

69 Comments

25
Jan
Corporate Management
  • E-commerce BusinessE-commerce Business
  • Supply Chain and Supply Chain ManagementSupply Chain and Supply Chain Management
  • Logistics ManagementLogistics Management
  • Entrepreneurship and StartupEntrepreneurship and Startup
  • Human Resource Management and Organizational CultureHuman Resource Management and Organizational Culture
  • Sales ManagementSales Management

Methodology & Skills
  • Quantitative research and Statistical software practices (SPSS, Stata, Amos, …)Quantitative research and Statistical software practices (SPSS, Stata, Amos, …)
  • Research MethodologyResearch Methodology
  • Create your professional WordPress website without codeCreate your professional WordPress website without code
  • How to write a thesisHow to write a thesis
  • Learn Programming Languages (JavaScript, Python, Java, PHP, C, C#, C++, HTML, CSS)Learn Programming Languages (JavaScript, Python, Java, PHP, C, C#, C++, HTML, CSS)
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  • Ansoff Matrix: Overview, Business Strategies and Practical ExamplesAnsoff Matrix: Overview, Business Strategies and Practical Examples
  • Blue Ocean Strategy: Review and Summary of main contentsBlue Ocean Strategy: Review and Summary of main contents
  • The Resource-Based Process of Strategy FormulationThe Resource-Based Process of Strategy Formulation
Theories of the Firm
  • Theory of the FirmTheory of the Firm
  • Institutional TheoryInstitutional Theory
  • Theory of Organizational PowerTheory of Organizational Power
  • Property Rights TheoryProperty Rights Theory
  • Great Thinkers and their Big IdeasGreat Thinkers and their Big Ideas
  • Theory of the Visible HandTheory of the Visible Hand
  • Social Theories and ConceptsSocial Theories and Concepts
  • Systems TheorySystems Theory

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  • Firm Strategy
    • Scanning Environment
      • External Environment Analysis
      • Internal Environment Analysis
    • Strategy Formulation
      • Corporate Strategy
      • Business Strategy
      • Functional Strategies
    • Strategy Implementation, Evaluation and Control
      • Strategy Implementation
      • Strategy Evaluation and Control
  • Case Study
    • A to N
      • Apple
      • Canon
      • Coca-Cola
      • General Motors
      • Microsoft
      • Nestlé
    • O to Z & other
      • Procter & Gamble (P&G)
      • Pepsi
      • Sony
      • Starbucks
      • Toyota
      • Unilever
      • Vinamilk
  • Economics of Firm
    • Theory of the Firm
    • Management Science
    • Microeconomics
  • Research Methodology
    • Management Research
    • Research Philosophy
    • Research Process
    • Qualitative Research
    • Quantitative Research
    • Statistical Software
    • Writing a thesis
    • Writing a paper
  • About us

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