Towards a Dynamic Resource-Based View: Insights from Austrian capital and Entrepreneurship Theory

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Towards a Dynamic Resource-Based View: Insights from Austrian capital and Entrepreneurship Theory

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dc.contributor.author Foss, Nicolai Juul en_US
dc.contributor.author Ishikawa, Ibuki en_US
dc.date.accessioned 2009-02-04T10:27:23Z
dc.date.available 2009-02-04T10:27:23Z
dc.date.issued 2006-04-10T00:00:00Z en_US
dc.identifier.isbn 8791815223 en_US
dc.identifier.uri http://hdl.handle.net/10398/7458
dc.description.abstract The dominant view in the strategic management field is the resource-based view ("RBV"). It has often been observed that the RBV is lacking in the dynamic dimension. For example, processes of building competitive advantages by means of combining existing complementary resources in novel ways are not inquired into. We argue that the RBV may profitably draw on Austrian (Misesian) and Knightian insights in entrepreneurship and capital theory, particularly in its Lachmannian manifestation, in order to strengthen its dynamic components. We link the RBV and Austrian ideas in the context of the theory of complex systems pioneered by Herbert Simon. We draw a number of implications for strategic management from this synthesis, notably into resource value and sustainability of competitive advantage. JEL Code: B53, D21, L23, M1 en_US
dc.format.extent 39 s. en_US
dc.language eng en_US
dc.relation.ispartofseries SMG Working paper;2006-006 en_US
dc.title Towards a Dynamic Resource-Based View: Insights from Austrian capital and Entrepreneurship Theory en_US
dc.type wp en_US
dc.accessionstatus modt06apr10 sømamo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Center for Strategi og Globalisering en_US
dc.contributor.departmentshort SMG en_US
dc.contributor.departmentuk Center for Strategic Management and Globalization en_US
dc.contributor.departmentukshort SMG en_US
dc.idnumber 8791815223 en_US
dc.publisher.city København en_US
dc.publisher.year 2006 en_US


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