The resource-based view within the conversation of strategic management
Article first published online: 8 NOV 2006
Copyright © 1992 John Wiley & Sons, Ltd.
Strategic Management Journal
Volume 13, Issue 5, pages 363–380, June 1992
How to Cite
Mahoney, J. T. and Pandian, J. R. (1992), The resource-based view within the conversation of strategic management. Strat. Mgmt. J., 13: 363–380. doi: 10.1002/smj.4250130505
- Issue published online: 8 NOV 2006
- Article first published online: 8 NOV 2006
- Manuscript Received: 10 APR 1991
- organizational economics
The resource-based approach is an emerging framework that has stimulated discussion between scholars from three research perspectives. First, the resource-based theory incorporates traditional strategy insights concerning a firm's distinctive competencies and heterogeneous capabilities. The resource-based approach also provides value-added theoretical propositions that are testable within the diversification strategy literature. Second, the resource-based view fits comfortably within the organizational economics paradigm. Third, the resource-based view is complementary to industrial organization research. The resource-based view provides a framework for increasing dialogue between scholars from these important research areas within the conversation of strategic management. Resource-based studies that give simultaneous attention to each of these research programs are suggested.