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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

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

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

95 Comments

10
Sep
Chiến lược đại dương xanh
Blue Ocean Strategy: Review and Summary of main contents

The Blue ocean strategy was developed by W. Chan Kim and Renée Mauborgne in their research in 2005. By analyzing 150 business strategies during over 100 years in 30 different industrial sectors, Kim and Mauborgne (2005) propose that firms succeed not because of fighting with their rivals, but because they have created “blue ocean”

82 Comments

10
Sep
xây dựng chiến lược đại dương xanh
Analytical tools and principles of formulating and implementing blue ocean strategy

Kim and Mauborgne (2005) have developed three tools (Strategic Canvas, Four Forces Frame, Eliminate-Reduce-Raise-Create Grid) and six principles for formulating and implementing blue ocean strategy of the firm (Principle 1 - Reconstruct market boundaries; Principle 2 - Focus on the big picture, not the numbers; Principle 3 - Reach beyond existing demand; Principle 4 - Get the strategic sequence right; Principle 5 - Overcome key organizational hurdles; Principle 6 - Build execution into

77 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

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

69 Comments

25
Jan
Corporate Management
  • Marketing and Corporate BrandingMarketing and Corporate Branding
  • International BusinessInternational Business
  • Entrepreneurship and StartupEntrepreneurship and Startup
  • E-commerce BusinessE-commerce Business
  • Corporate accountingCorporate accounting
  • Enterprise Project ManagementEnterprise Project Management

Methodology & Skills
  • Create your professional WordPress website without codeCreate your professional WordPress website without code
  • Learn Programming Languages (JavaScript, Python, Java, PHP, C, C#, C++, HTML, CSS)Learn Programming Languages (JavaScript, Python, Java, PHP, C, C#, C++, HTML, CSS)
  • Research MethodologyResearch Methodology
  • How to write a thesisHow to write a thesis
  • Qualitative Research (interview, case study, observation, action research …)Qualitative Research (interview, case study, observation, action research …)
Theories of the Firm
  • Agency TheoryAgency Theory
  • Hyper-competition theoryHyper-competition theory
  • Theory of Competitive AdvantageTheory of Competitive Advantage
  • Theory of Organizational PowerTheory of Organizational Power
  • Behavioral theory of the firmBehavioral theory of the firm
  • Great Thinkers and their Big IdeasGreat Thinkers and their Big Ideas

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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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