Applicability of the resource-based and dynamic-capability views under environmental volatility

This study uses a group of informants and applies a step-by-step empirical process to examine the applicability of the resource-based view (RBV) and dynamic-capability view (DCV) to environmental volatility. Through examining 253 Taiwanese firms, this study finds that the explanatory power of DCV ex...

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Bibliographic Details
Published in:Journal of business research 2010, Vol.63 (1), p.27-31
Main Author: Wu, Lei-Yu
Format: Article
Language:English
Subjects:
Competitive advantage
Dynamic capability
Economic dynamics
Environmental volatility
Human capital
Personnel management
Resource
Resource Dynamic capability Environmental volatility Competitive advantage
Resource management
Strategic management
Studies
Taiwan
Volatility
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Summary:This study uses a group of informants and applies a step-by-step empirical process to examine the applicability of the resource-based view (RBV) and dynamic-capability view (DCV) to environmental volatility. Through examining 253 Taiwanese firms, this study finds that the explanatory power of DCV exceeds that of RBV in volatile environments. Firms that possess dynamic capabilities can effectively enhance their competitive advantages, despite facing highly volatile environments. Nevertheless, the RBV is effective in some ways and firms with valuable, rare, inimitable, and nonsubstitutable resources still possess competitive advantages. This article closes with theoretical and practical implications.
ISSN:0148-2963
1873-7978
DOI:10.1016/j.jbusres.2009.01.007