Value in the Resource-Based View: Resource Functionality as Source of Sustained Competitive Advantage

Jeroen Kraaijenbrink

    Research output: Contribution to conferencePaper

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    Abstract

    This paper puts forward that we can reach a better understanding of the value of resources in the resource-based view by embracing the notion of resource functionality and considering that value is a subjective feature of a resource. It is argued that the value of a resource does not only derive from its application in product markets and that the value-price-cost model is too limited. It is then argued that the value of a resource depends on managers’ assessments of four generic types of functionality: the suitability, combinability, fecundity, and durability of a resource. The paper contributes by providing a generic typology of resource value that facilitates resource-based theorizing and that enables a systematic assessment of the value of resources in practice.
    Original languageEnglish
    Number of pages7
    Publication statusPublished - 11 Nov 2009
    Event29th Strategic Management Society (SMS) Annual International Conference 2009: Strategies in an Uncertain World - Washington, United States
    Duration: 11 Nov 200914 Nov 2009
    Conference number: 29

    Conference

    Conference29th Strategic Management Society (SMS) Annual International Conference 2009
    CountryUnited States
    CityWashington
    Period11/11/0914/11/09

    Keywords

    • METIS-260359

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  • Cite this

    Kraaijenbrink, J. (2009). Value in the Resource-Based View: Resource Functionality as Source of Sustained Competitive Advantage. Paper presented at 29th Strategic Management Society (SMS) Annual International Conference 2009, Washington, United States.