The Source of Competitive Advantage and Entrepreneurial Judgment in the RBV

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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	2006-03-28T00:00:00Z	en_US
dc.identifier.isbn	8791815215	en_US
dc.identifier.uri	http://hdl.handle.net/10398/7460
dc.description.abstract	The purpose of this paper is to identify the source of competitive advantage in the resource based view of strategic management literature. In particular, it is argued that the source of competitive advantage is rooted in entrepreneur judgment. In this argument, this paper consists largely of three parts: firstly, a brief survey of the theoretical framework of the RBV of strategic management, particularly to identify critically the resource conception in the sense of what RBV scholars understand; secondly, to argue the significance of exploiting the Austrian perspective, especially focusing on Lachmann (1947,1956), Mises (1946) and Knight (1921) to improve the RBV framework; thirdly, to apply the Austrian perspective to the RBV and demonstrate that the source of competitive advantage is derived from entrepreneurial judgment per se, not the resource per se, and to discuss some possible future research avenues for further development. It becomes clear through this paper that a strategy is mainly seen as the quest for the entrepreneurial judgmental rent. The major insight of this paper is that taking the entrepreneur insight from the Austrian school of thought is the fruitful way to understand the source of competitive advantage. Jel Code: B25, D21, D81, M13	en_US
dc.format.extent	38 s.	en_US
dc.language	eng	en_US
dc.relation.ispartofseries	SMG Working paper;2006-005	en_US
dc.subject.other	resource-based view	en_US
dc.subject.other	austiran capital theory	en_US
dc.subject.other	entrepreneurial judgment	en_US
dc.title	The Source of Competitive Advantage and Entrepreneurial Judgment in the RBV	en_US
dc.type	wp	en_US
dc.accessionstatus	modt06mar28 mielmo	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	8791815215	en_US
dc.publisher.city	København	en_US
dc.publisher.year	2006	en_US
dc.title.subtitle	Insights from the Autrian School Perspective	en_US