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What is Resource Based-View

New Perspectives and Possibilities in Strategic Management in the 21st Century: Between Tradition and Modernity
The RBV approach sees the firm as a collection of unique resource and capability pools that, if utilised in a distinctive way, can be employed to create and preserve competitive advantage.
Published in Chapter:
Balanced Scorecard in Business Dynamic Environments: Benefits Management Approach
Jorge Vareda Gomes (Universidade Lusófona, Lisboa, Portugal) and Mario Romão (ISEG, Universidade de Lisboa, Portugal)
DOI: 10.4018/978-1-6684-9261-1.ch002
Abstract
In the rapidly changing environments characterizing most industries today, organizations face intense competitive pressure to do things better, faster, and cheaper. The business environment of the 1990s has been subjected to rapid and accelerated change that creates more and more uncertainty and complexity. Most markets are becoming increasingly dynamic. Organizations can no longer rely on a traditional analytical approach to understand their industry or market, since that market is changing in rapid and unexpected ways. Despite its worldwide dissemination, balanced scorecard (BSC) has demonstrated inadequacy in certain circumstances. Some of the original advantages of the BSC can nowadays be interpreted as weaknesses. By using a case study, the authors suggest that in business dynamic environments the benefits management approach, by using the benefits dependency network, can help BSCs to guide and support the benefits achievement related with investments, in a complementary way.
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