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Competitive Advantage and Resource-Based Overview

Please describe, in detail, how the resource-based overview or attitude for a firm helps explain competitive advantage for that firm.

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It is my goal to provide ideas, definitions, research help, and instructions on how you, the student, should approach the assignment.

First, I'd like to look at some definitions under this:

"What constitutes a "resource"?

Jay Barney (1991, p101) referring to Daft (1983) "citation needed" says: "...firm resources include all assets, capabilities, organizational processes, firm attributes, information, knowledge, etc; controlled by a firm that enable the firm to conceive of and implement strategies that improve its efficiency and effectiveness (Daft,1983)."

A subsequent distinction made by Amit & Schoemaker (1993, p35) is that the encompassing construct previously called resources can be split up into resources and capabilities. In this respect ...

Solution Summary

The solution answers the question posed. There is a substantial discussion on what constitutes a resource, and what competitive advantage is.