The Resource-Based View (RBV) stands as a pivotal theoretical structure that underpins the formulation of corporate strategies aimed at securing a competitive advantage. An organization’s success or downfall is closely tied to its resource components. A firm’s competitive edge is derived from its strong capabilities, enhanced by prudent and strategic resource management that is cohesive, interconnected, and integrated. The RBV clarifies the improvement of marketing effectiveness through resource advancement, guiding the organization toward enduring sustainability. Originally proposed by Wernerfelt in 1984 in his article “A Resource-based view of the firm,” it was subsequently elaborated upon by Barney in 1991 in “Firm Resource and Sustained Competitive Advantage.” The core of the RBV pertains to strategically grasping the relationship between resources, capabilities, competitive advantage, and profitability, especially concerning methods to sustain competitive advantage over time. Within the RBV framework, certain crucial assets (resources) play a key role in achieving a sustainable competitive advantage. Broadly speaking, this perspective asserts that a firm’s enduring competitive advantage arises from resources that are valuable, rare, hard to replicate, and without substitutes. These resources include all assets, capabilities, organizational processes, company attributes, information, and knowledge that fall under the organization’s influence and are vital for strategic execution aimed at attaining effectiveness and efficiency. Resource competency significantly impacts organizational performance. Companies with advanced skills can more effectively identify customer needs and desires. Firms that employ highly trained personnel are better equipped to deliver products and services that meet customer expectations. As a result, organizations with superior competency can secure lasting competitive advantages and boost overall performance.

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Resources Based View (RBV) for Marketing Capabilities: Literature Review: Implications for SMEs

  • Nurul Wardani Lubis,
  • Endang Sulistya Rini,
  • Prihatin Lumbanraja,
  • Beby Karina F. Sembiring

摘要

The Resource-Based View (RBV) stands as a pivotal theoretical structure that underpins the formulation of corporate strategies aimed at securing a competitive advantage. An organization’s success or downfall is closely tied to its resource components. A firm’s competitive edge is derived from its strong capabilities, enhanced by prudent and strategic resource management that is cohesive, interconnected, and integrated. The RBV clarifies the improvement of marketing effectiveness through resource advancement, guiding the organization toward enduring sustainability. Originally proposed by Wernerfelt in 1984 in his article “A Resource-based view of the firm,” it was subsequently elaborated upon by Barney in 1991 in “Firm Resource and Sustained Competitive Advantage.” The core of the RBV pertains to strategically grasping the relationship between resources, capabilities, competitive advantage, and profitability, especially concerning methods to sustain competitive advantage over time. Within the RBV framework, certain crucial assets (resources) play a key role in achieving a sustainable competitive advantage. Broadly speaking, this perspective asserts that a firm’s enduring competitive advantage arises from resources that are valuable, rare, hard to replicate, and without substitutes. These resources include all assets, capabilities, organizational processes, company attributes, information, and knowledge that fall under the organization’s influence and are vital for strategic execution aimed at attaining effectiveness and efficiency. Resource competency significantly impacts organizational performance. Companies with advanced skills can more effectively identify customer needs and desires. Firms that employ highly trained personnel are better equipped to deliver products and services that meet customer expectations. As a result, organizations with superior competency can secure lasting competitive advantages and boost overall performance.