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‘Reductionistic’ and ‘Holistic’ views to Resource-Based Theory (RBT):a review of the literature and suggestions for future studies
journal contribution
posted on 2023-06-09, 18:40 authored by Mona Rashidirad, Ebrahim Soltani, Hamid SalimianResource-Based Theory (RBT) has become an acceptable theory to describe the importance of resources and capabilities in generating high performance. Our literature review shows that there are two approaches to RBT: reductionistic and holistic. Adopting a reductionistic approach has led to an inconsistency in the findings about the relationship between RBT constructs (i.e. resources and capabilities), and their impact on performance. This paper proposes that a holistic approach to RBT has a greater power to explain the complex interrelationships between dynamic capabilities, firm’s resources and competitive strategies. Through a critical review on both views, this study highlights areas in which future research is needed for greater understanding of the co-impact of a firm’s internal factors and competitive strategies on performance.
History
Publication status
- Published
File Version
- Accepted version
Journal
Strategic ChangeISSN
1086-1718Publisher
WileyExternal DOI
Issue
6Volume
24Page range
509-525Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2019-08-19First Compliant Deposit (FCD) Date
2019-08-16Usage metrics
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