A Critical Review of the Resource-based View of the Firm

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Vol: 3, Issue: 6

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Truijens, Onno
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The Resource-based View of the Firm is a contemporary and promising theory that providesinsights on both strategic and organizational issues. This paper provides a thematic overview of critiquesthat have been voiced on the RBV’s theoretical status, in specific its definitions, its theoretical andempirical methodology and the deficiencies in the theory. RBV critics are welcomed as an importantway to enhance the theoretical soundness of what Williamson (1999, p.1093) characterized as a wouldbetheory.