The Resource-Based View of the Firm - Assignment Example

Other than this, it also focuses on the benefits of RBV and its impact on the investments made over HR as well as the significance of competitive advantages over investment of the resources of the firm.... It might be possible only if proper coordination within the employees of the organization might be seen resulting in the prospects of the firm....

The basic argument behind the market-based view of the firm-level competitiveness is based on the outside-in perspective.... The focus was essentially on either the external environment of the firm or its internal capabilities of the firm define its overall competitiveness within an industry or a particular market.... However, on the other hand, the other perspective which emphasizes resources over the market and tends to focus on the internal capabilities of the firm....

According to The Resource-Based View of the Firm (Barney, 1991), competitive advantage is achieved when firms "accumulate resources and capabilities that are rare, valuable, non-substitutable and difficult to imitate" (Dyer and Singh, 1998, p.... (1996) Toward a knowledge-based theory of the firm, Strategic Management Journal, 17(Winter Special): 109-122Hamel, G.... the firm as a distributed knowledge system: A constructionist approach.... In today's knowledge based society, it is generally believed that such unique resources rest in a firm's people in the form of knowledge, referred to broadly as human capital (Grant, 1996; Teece et al....

According to Nonaka (1998), the uncertainty in the global environment means that the only aspect that is guaranteed to always provide a competitive advantage to a firm is knowledge; hence knowledge management through outsourcing is an organizational tool to achieve innovation and competitiveness....

In addition to the need to possess these particular skills, leaders of multinational organizations must use The Resource-Based View of the Firm along with the theory of competence-based competition.... According to an article found in the British Journal of Management, “The Resource-Based View of the Firm and the theory of competence-based competition can be used in answering basic questions regarding competition and rivalry” (Thomas and Pollock, 1999)....

The Resource-Based View of the Firm also emphasizes human resources as one of the most critical resources of any firm, which would include all employees (Armstrong, 2010).... n conclusion, employee motivation, belongingness and commitment are important for a firm's success....

Slack (2007) asserts that the resource-based view of the OPERATIONS STRATEGY OF THE FIRM Resource-Based View (RBV) Theory The Resource-Based View of the Firm is one of the most influential current theories in operations strategy (Slack, 2007).... Slack (2007) asserts that The Resource-Based View of the Firm is one of the most influential current theories in operations strategy.... The Resource-Based View of the Firm: Ten Years After 1991.... Resource based view of the firm....

In the present version, the resource-based view of strategy is considered by finding the potential to build and appropriate more value than the opposition to the resource benefits of organizations and the features of these sources.... We can examine the exclusive characteristics of the entrepreneurial organizations through two distinct theoretical lenses, namely the resource-based view and resource dependence theory (Peng 2001).... However, it must be noted that a firm having an SCA does not mean superiority in economic performance; instead SCA is a possibility for such a performance, which might or might not be realized....