Managing Firm Resources in Dynamic Environments to Create Value: Looking inside the Black Box

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Managing Firm Resources in Dynamic Environments to Create Value: Looking inside the Black Box

Academic Journal

Sirmon, David G. | Hitt, Michael A. | Ireland, R. Duane

Langue: English

Publication year: 01/01/2007

ISSN: 03637425

Sujets

Environmental management, Natural resource management, Process management, Bundling, Knowledge management, Corporate strategies, Natural resources, Industrial market, Management science, Learning

We address current criticisms of the RBV (oversight of dynamism, environmental contingencies, and managers' role) by linking value creation in dynamic environmental contexts to the management of firm resources. Components of the resource management model include structuring the resource portfolio; bundling resources to build capabilities; and leveraging capabilities to provide value to customers, gain a competitive advantage, and create wealth for owners. Propositions linking resource management and value creation are offered to shape future research.

Managing Firm Resources in Dynamic Environments to Create Value: Looking inside the Black Box

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