Moving beyond Competitive Advantage: A Rejoinder to Barney et al

Marvin B. Lieberman

Strategic Management Review, 2023, vol. 4, issue 1, 15-21

Abstract: In response to Barney, Mackey, and Mackey (Barney, J. B., T. B. Mackey, and A. Mackey. 2023. "Why Has It Been So Hard to Define Competitive Advantage?" - Strategic Management Review), this essay clarifies my argument that 'competitive advantage' is problematic as a research concept in the field of strategic management. I propose that the strategy field should move beyond 'competitive advantage' to consider a value-based framework for assessing firm performance, incorporating returns to a holistic set of stakeholders.

Keywords: Competitive advantage; performance; value; stakeholders (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:now:jnlsmr:111.00000051

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