A Competency-Based Model of Sustainable Competitive Advantage: Toward a Conceptual Integration

This article examines the concept of sustainable competitive advantage in the context of two theoreticalframeworks: environmental determinism (which encompasses macroeconomic and industrial organization traditions) and "strategic selection" (which incorporates Schumpeterian economic and st...

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Bibliographic Details
Published in:Journal of management 1992-03, Vol.18 (1), p.77-91
Main Authors: Lado, Augustine A., Boyd, Nancy G., Wright, Peter
Format: Article
Language:English
Subjects:
Competition
Competitive advantage
Industrial organization
Management
Organizational behavior
Skills
Strategic planning
Success
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Summary:This article examines the concept of sustainable competitive advantage in the context of two theoreticalframeworks: environmental determinism (which encompasses macroeconomic and industrial organization traditions) and "strategic selection" (which incorporates Schumpeterian economic and strategic choice perspectives). It is argued that by ascribing competitive advantage to industry/market imperatives, the I/O-based model apparently overlooks the idiosyncratic competencies that potentially generate a sustainable competitive advantage for the firm. An alternative conceptualization of sustainable competitive advantage from a resource-based perspective is offered. Specifically, a systems model that integrally links four components of a firm's "distinctive competencies" (managerial competencies and strategic focus, resource-based, transformation-based, and outputbased competencies) is proposed.
ISSN:0149-2063
1557-1211
DOI:10.1177/014920639201800106