TY - JOUR
T1 - Strategic resources
T2 - Traits, configurations and paths to sustainable competitive advantage
AU - Black, Janice A.
AU - Boal, Kimberly B.
PY - 1994
Y1 - 1994
N2 - The resource‐based view (RBV) of the firm holds that certain assets with certain characteristics will lead to sustainable competitive advantage. All the traits are required to be present to result in sustainable competitive advantage. Such a trait approach overlooks the dynamics of the creation of firm resources especially the strategically important factors as identified by the resource based view theory. We propose that the resources are made up of factor networks which have specific interfactor and inter‐resource relationships that result in the characteristic traits being evidenced. These strategic resource factor relationships include network type, available substitutes and cogency relationships (compensatory, enhancing and suppressing.) Specific configurations that lead to high or very high support of sustainable competitive advantage are proposed. Twenty‐two specific paths to sustainable competitive advantage for a factor, contingent on resource factor traits and relationship configurations, are proposed. The implications, upon confirmation of these configurations, are discussed.
AB - The resource‐based view (RBV) of the firm holds that certain assets with certain characteristics will lead to sustainable competitive advantage. All the traits are required to be present to result in sustainable competitive advantage. Such a trait approach overlooks the dynamics of the creation of firm resources especially the strategically important factors as identified by the resource based view theory. We propose that the resources are made up of factor networks which have specific interfactor and inter‐resource relationships that result in the characteristic traits being evidenced. These strategic resource factor relationships include network type, available substitutes and cogency relationships (compensatory, enhancing and suppressing.) Specific configurations that lead to high or very high support of sustainable competitive advantage are proposed. Twenty‐two specific paths to sustainable competitive advantage for a factor, contingent on resource factor traits and relationship configurations, are proposed. The implications, upon confirmation of these configurations, are discussed.
KW - Resource‐based view of the firm
KW - networks
KW - strategic configurations
KW - strategic resources
KW - systems
UR - http://www.scopus.com/inward/record.url?scp=84989103737&partnerID=8YFLogxK
U2 - 10.1002/smj.4250151009
DO - 10.1002/smj.4250151009
M3 - Article
AN - SCOPUS:84989103737
SN - 0143-2095
VL - 15
SP - 131
EP - 148
JO - Strategic Management Journal
JF - Strategic Management Journal
IS - 2 S
ER -