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Unformatted text preview: http://jom.sagepub.com Journal of Management DOI: 10.1177/0149206309350775 2010; 36; 349 Journal of Management Jeroen Kraaijenbrink, J.-C. Spender and Aard J. Groen The Resource-Based View: A Review and Assessment of Its Critiques http://jom.sagepub.com/cgi/content/abstract/36/1/349 The online version of this article can be found at: Published by: http://www.sagepublications.com On behalf of: Southern Management Association can be found at: Journal of Management Additional services and information for http://jom.sagepub.com/cgi/alerts Email Alerts: http://jom.sagepub.com/subscriptions Subscriptions: http://www.sagepub.com/journalsReprints.nav Reprints: http://www.sagepub.com/journalsPermissions.nav Permissions: http://jom.sagepub.com/cgi/content/refs/36/1/349 Citations at Universiteit Twente on January 4, 2010 http://jom.sagepub.com Downloaded from The Resource-Based View: A Review and Assessment of Its Critiques Jeroen Kraaijenbrink University of Twente, Nikos J.-C. Spender ESADE Business School and University of Lund Aard J. Groen University of Twente, Nikos The resource-based view (RBV) of the firm has been around for over 20 years—during which time it has been both widely taken up and subjected to considerable criticism. The authors review and assess the principal critiques evident in the literature, arguing they fall into eight categories. They conclude the RBV’s core message can withstand criticism from five of these quite well provided the RBV’s vari- ables, boundaries, and applicability are adequately specified. Three critiques that cannot be readily dismissed call for further theorizing and research. They arise from the indeterminate nature of two of the RBV’s basic concepts—resource and value—and the narrow conceptualization of a firm’s com- petitive advantage. As their suggestions for this work indicate, the authors feel the RBV community has clung to an inappropriately narrow neoclassical economic rationality, thereby diminishing its opportunities for progress. The authors’ suggestions may assist with developing the RBV into a more viable theory of competitive advantage, especially if it is moved into a genuinely dynamic framework. Keywords: resource-based view, sustained competitive advantage, neoclassical economics, Austrian economics 349 Acknowledgments: We express our gratitude to Michael Leiblein and two anonymous Journal of Management reviewers for their outstanding and developmental feedback. We also thank three anonymous reviewers at the annual meeting of the Academy of Management (2007) who commented on earlier versions of this article. Corresponding author: Jeroen Kraaijenbrink, University of Twente, Nikos, PO Box 217, 7500AE Enschede, Netherlands E-mail: firstname.lastname@example.org Journal of Management, Vol. 36 No. 1, January 2010 349-372 DOI: 10.1177/0149206309350775 © 2010 Southern Management Association. All rights reserved....
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