Theories for competitive advantage竞争优势.pdfVIP

University of Wollongong Research Online Faculty of Business - Papers Faculty of Business 2014 Theories for competitive advantage Hui-Ling Wang University of Wollongo ng, hw19@.au Publication Details Wang, H. (2014). Theories for competitive advantage. In H. Hasan (Eds.), Being Practical with Theory: A Window into Business Research (pp. 33-43). Wollongong, Australia: THEORI. /2014/02/p-33-43-theories- of-competitive-advantage-theori-ebook_finaljan2014-v3.pdf Research Online is the open access institutional repository for the niversity of Wollongong. For further information contact the UOW Library: research-pubs@.au Theories for competitive advantage Abstract Introduction Competitive advantage is obtained when an organisation develops or acquires a set of attributes (or executes actions) that allow it to outperform its competitors. The development of theories that help explain competitive advantage has occupied the attention of the management community for the better part of half a century. This chapter aims to provide an overview of the key theories in this space. The overview will span a long timeline, starting from the 1960s to formulations that were introduced in mid-2013. In the early period, there were two dominant theories of competitive advantage: the Market-Based View (MBV ) and the Resource-Based View (RBV ). The notion of core competencies is closely related to the resource-based view of strategy. The knowledge-based view and capability-based view of strategy have also been derived from the resource-based view. A more recent formulation, the relational view of strategy has received considerable attention. An even more recent proposal proposes a notion of transient advantage that effectively overturns much of the existing wisdom. Keywords competitive, theories, advantag