Purpose – The study aims to shed light on how to identify drivers of sustainable competitive advantage under a turbulent and uncertain environment, one of the most crucial challenges faced by resource-based strategists. Design/methodology/approach – This study introduces a VRIO-based framework to evaluate a firm’s internal activities, in which the fuzzy set and utilities functions are adopted t...

Inventions, innovations, and creativity are cornerstones of technology-based industries. Organizations working in technology-intensive industries must constantly balance creativity with order and innovation with efficiency. In this paper, I focus on organizational innovations as potential sources of competitive advantage. Strategic assets can be assessed with the VRIO framework. Strategic asset...

Although managers cite human resources as a firm's most important asset, many organizational decisions do not reflect this belief. This paper uses the VRIO (value, rareness, imitability, and organization) framework to examine the role that the Human Resource (HR) function plays in developing a sustainable competitive advantage. We discuss why some popularly cited sources of sustainable competit...

Part I of this paper applies the principles of the philosophy of science and the derived scientific method to analyze the foundational concepts and core proposition of the ResourceBased View (RBV) as popularized by Barney (1986, 1991, 1997). This analysis identifies seven fundamental conceptual deficiencies and logic problems in Barney’s conceptualization of “strategically valuable resources” a...