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Resource Based Strategy

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Resource Based Strategy Definition

Strategy can be defined as the match an organisation makes between its internal resources and skills and the opportunities and risks created by its external environment (Grant, 1991). The resource based approach to strategy formulation emphasises the role of internal factors, specifically the firm’s resources and capabilities, in driving the strategic direction of the firm and providing the primary source of profit.

Resource Based Strategy Description

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Resource Based Strategy Examples

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Resource Based Strategy Implementation

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Resource Based Strategy Strengths

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Resource Based Strategy Weaknesses

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Resource Based Strategy Value Focus

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Resource Based Strategy Life Cycle

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Resource Based Strategy Sector Focus

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Resource Based Strategy Web resources

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Resource Based Strategy Print resources

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Resource Based Strategy References

  • Barney, J. (1991) Firm resources and sustained competitive advantage, Journal of Management, Vol. 17 (1), pp. 99-120.
  • Barney, J., Wright, M. and Ketchen, D.J. (2001) The resource based view of the firm: Ten years after 1991, Journal of Management, Vol. 27 (6), pp. 625-641.
  • Buzzel, R. D. and Gale, T. B. (1987) The PIMs Principles Linking Strategy to Performance, Free Press, New York.
  • Collis, D. J. and Mongomery, C. A. (1995) Competing on resources strategy in the 1990s, Harvard Business Review, Vol. 73 (4), pp. 118-128.

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