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What Is The Relevance Of The Research-Based View Of The Firm To Strategic Management In A Global Environment?

What is the relevance of the resource-based view of the firm to strategic management in a global environment?

The relevance of the resource-based view of the firm to strategic management in a global environment is the idea that it permits the organization to be seen as a whole. In doing so, the strengths and weaknesses within the firm can be examined. This is done because as stated in the Hunger & Wheelen (2006, 106) text, "scanning and analyzing the external environment for opportunities and threats is not enough to provide an organization a competitive advantage." This procedure is referred to as an organizational analysis, and its primary concerns are the identification and development of an organization's resources and competencies. (Hunger & Wheelen, 2006)

As stated in the Hunger & Wheelen (2006, 107) text, Grant had proposed a five-step, resource-based approach to strategy analysis:
1) Identify and classify the firm's resources in terms of strengths and......


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Approximate Word Count: 456
Approximate Pages: 2 (250 words per double-spaced page)

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