Resouce-Based Theory: Creating and Sustaining Competitive Advantage

by Jay B. Barney, Delwyn Clark

The 'Resource-Based View of the Firm' has emerged over the last fifteen years as one of the dominant perspectives used in strategic management. It addresses the fundamental research question of strategic management: Why it is that some firms persistently outperform others?
Resource-Based Theory provides a considered overview of this theory, including the latest developments, from one of the key thinkers in its development. In broad terms it offers an alternative to Michael Porter's approach, focusing more on the competences and capabilities of the firm, rather than its positioning in its chosen markets.
Jay B. Barney has long been recognised as one of the leading contributor to the resource-based theory literature. In this book he has collaborated with Delwyn N. Clark to produce the first book to examine the theory in a holistic and in-depth manner. The authors explore not only the applications of the theory in research, teaching, and practice, but also its early roots in traditional economic theory, development and proliferation in the 1990s, and later influence on management thinking.

328 pages, Hardcover

First published April 1, 2007

About the author

Professor Barney's research focuses on the relationship between firm resources and capabilities and sustained competitive advantage. He has published over 100 articles and eight books. He has been on the editorial boards at the Academy of Management Review and the Strategic Management Journal, has been Associate Editor at the Journal of Management, senior editor at Organization Science, Co-Editor at the Strategic Entrepreneurship Journal, and served as the editor-in-chief of the leading theory journal in the field of management, the Academy of Management Review.

He has been elected as a Fellow of both the Academy of Management and the Strategic Management Society and has won the Irwin Outstanding Educator Award, the Academy of Management Scholarly Contributions Award, the Eccles School of Management outstanding research award, the Penrose Award for Pathbreaking Management, the CK Prahalad Scholar-Practitioner Award, the Foundational Paper Award, the John Fayerweather Eminent Scholar Award, and the Distinguished Scholarship Award.

Reviews

[Hamilton Carvalho · Rating 4 out of 5]

Overall, a good overview of Resouce-Based Theory. The only flaw was considering valuable Jim Collin's "astrology".