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Tautology in the Resource-Based View and the Implications of Externally Determined Resource Value: Further Comments
Richard L. Priem and John E. Butler
The Academy of Management Review
Vol. 26, No. 1 (Jan., 2001), pp. 57-66
Published by: Academy of Management
Stable URL: http://www.jstor.org/stable/259394
Page Count: 10
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We counter Barney's challenges and reaffirm the tautology of the elemental business-level resource-based "view" (RBV). We develop a mathematical representation of the RBV as a first step toward formalizing its statements. We then explore the implications of our assertion (and Barney's agreement) that resource value is indeed determined outside of the RBV.
The Academy of Management Review © 2001 Academy of Management