Competing on Resources to Achieve Competitive Advantage: Lessons from RBV Perspective

Abstract

Strategic Management encompasses a wide range of ideas and actions that are subject to scholarly investigation. But it is important to note that the scientific knowledge inquiry approach to strategic management is still in a state of ongoing development. The acquisition and utilization of resources play a pivotal role in the prosperity of a business, enabling it to attain a competitive edge. The Resource-Based View (RBV) or Perspective is considered a foundational perspective within the field of Strategic Management, as evidenced by its prevalence in scholarly literature. Hence, it is advisable for strategists to redirect their focus from the establishment of market power to the utilization of available resources.