Paper
Firm Resources and Sustained Competitive Advantage
Published Mar 1, 1991 · J. Barney
Journal of Management
57,166
Citations
7,056
Influential Citations
Abstract
Understanding sources of sustained competitive advantage has become a major area of research in strategic management. Building on the assumptions that strategic resources are heterogeneously distributed acrossfirms and that these differences are stable over time, this article examines the link betweenfirm resources and sustained competitive advantage. Four empirical indicators of the potential of firm resources to generate sustained competitive advantage-value, rareness, imitability, and substitutability-are discussed. The model is applied by analyzing the potential of severalfirm resourcesfor generating sustained competitive advantages. The article concludes by examining implications of this firm resource model of sustained competitive advantage for other business disciplines.
Firm resources, such as value, rareness, imitability, and substitutability, can generate sustained competitive advantages through their stability over time and their potential for generating advantages in various business disciplines.
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