A Competence-based Theory of the Firm

Jörg Freiling

management revue. Socio-economic Studies, 2004, vol. 15, issue 1, 27-52

Abstract: The research question of the article is: Does the competence-based view, representing a theory of sustaining competitive advantage, offer simultaneously a comprehensive theory of the firm? In order to develop an answer, it appears to be necessary to elaborate the theoretical basis of the competence-based view by delimitating this perspective from the resource-based one. The scrutiny suggests that the competence-based view represents a theory of the firm with other answers than current theories of the firm in use. Moreover, not all the answers of the competence-based view as to the theory of the firm are convincing. Therefore, fundamental weaknesses and shortcomings, which can be dispelled, are pointed out.

Keywords: Competence-based view; resource-based view; theory of the firm; isolating mechanisms; open system view (search for similar items in EconPapers)
JEL-codes: F23 J53 M10 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (27)

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