Twenty years resource-based view (or is it 50?): some (old and) new challenges and need for extensions

Christos Pitelis

International Journal of Learning and Intellectual Capital, 2007, vol. 4, issue 1/2, 47-56

Abstract: We focus on Edith Penrose's resource-based theory of the firm, first appeared 50 years ago in 1955–1956. We discuss progress since, at the conceptual and empirical levels, and some criticisms and 'defences' of the modern Resource-Based View (RBV), and Edith Penrose's version in particular. We then point to existing and new challenges and ways ahead. Despite serious challenges, we suggest that the RBV holds significant promise for strategic management, economics and their interrelationship.

Keywords: resource-based view; RBV; Edith Penrose; challenges; strategic management; economics; resource-based theory. (search for similar items in EconPapers)
Date: 2007
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