What is the relevance of the resource-based view of the firm to strategic management in a global environment?© BrainMass Inc. brainmass.com March 4, 2021, 6:15 pm ad1c9bdddf
The currently dominant view of business strategy - resource-based theory or resource-based view (RBV) of firms - is based on the concept of economic rent and the view of the company as a collection of capabilities. This view of strategy has a coherence and integrative role that places it well ahead of other mechanisms of strategic decision making.
Traditional strategy models such as Michael Porter's ...
In 396 words, this solution explains resource-based view and contrasts it to Porter's Model.