Managing firm resources in dynamic environments to create value: Looking inside the black box uri icon

abstract

  • We address current criticisms of the RBV (oversight of dynamism, environmental contingencies, and managers' role) by linking value creation in dynamic environmental contexts to the management of firm resources. Components of the resource management model include structuring the resource portfolio; bundling resources to build capabilities; and leveraging capabilities to provide value to customers, gain a competitive advantage, and create wealth for owners. Propositions linking resource management and value creation are offered to shape future research.

published proceedings

  • ACADEMY OF MANAGEMENT REVIEW

altmetric score

  • 3

author list (cited authors)

  • Sirmon, D. G., Hitt, M. A., & Ireland, R. D.

citation count

  • 1808

complete list of authors

  • Sirmon, David G||Hitt, Michael A||Ireland, R Duane

publication date

  • January 2007