THEORY REVIEW

Resource-Based Theory (RBT)

The resource-based theory (RBT) is an influential approach in strategic management. It has been widely applied as a managerial framework to determine vital resources for a firm to achieve a sustained competitive advantage. The theory provides an essential framework to explain and predict the fundamentals of a company’s performance and competitive advantage.


Authors

Hesty Utami (Business School, Universitas Padjadjaran Indonesia) & Eleftherios Alamanos (Business School, Newcastle University, UK)

Hesty UtamiEleftherios  Alamanos


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How to Cite

Utami, H. & Alamanos, E. (2022) Resource-Based Theory: A review. In S. Papagiannidis (Ed), TheoryHub Book. http://open.ncl.ac.uk

Theory Profile


Proposed by
Barney, 1991

Parent Theory
Theory of the Growth of the Firm

Related Theories
Resource – Advantage Theory, Agency Theory, Transaction Cost Theory, Behavioural theory, Network Theory, Relationship Marketing Theory, Stakeholder Theory, Knowledge-Based View

Discipline
Strategic management

Unit of Analysis
Organisation

Operationalised
Qualitatively / Quantitatively

Level
Meso-level

Type
Theory for Explaining and Predicting