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 language | English |
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Number of pages | 7 |
Publication status | Published - 11 Nov 2009 |
Event | 29th Strategic Management Society (SMS) Annual International Conference 2009: Strategies in an Uncertain World - Washington, United States Duration: 11 Nov 2009 → 14 Nov 2009 Conference number: 29 |
Conference
Conference | 29th Strategic Management Society (SMS) Annual International Conference 2009 |
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Country/Territory | United States |
City | Washington |
Period | 11/11/09 → 14/11/09 |
Keywords
- METIS-260359