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