Authors:

Marina SOLESVIK PhD in Business Management, Professor and Chair of Maritime Innovation and Management

Abstract:

The paper is a literature review and explores whether resource-based view with newly emerged extensions including the dynamic capabilities perspective and the knowledgebased view is a new theory of the firm or a compliment to existing theories. Methodologically the author relies on Thomas Kuhn’s (1962) theory of scientific revolutions, which significantly contributed to the philosophy of science and includes such elements as the concept of paradigm, normal science, scientific revolutions, and incommensurability of paradigms. On the basis of Kuhn’s system of views, this paper analyses new paradigms in the strategic management literature. The results suggest that strategic management is a multi-paradigmatic discipline. The critical analysis indicates that the resource-based view is a new paradigm of strategic management, although not a dominating one. The article will be interesting for undergraduate and PhD students, as well as management scholars particularly focusing their research on the strategic management and the theory of the firm.

Keywords: resource-based view; knowledge-based view; dynamic capabilities perspective; paradigm; economic history

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For citation: Solesvik M. The Rise and Fall of the Resource-Based View: Paradigm Shift in Strategic Management Izvestiya Uralskogo gosudarstvennogo ekonomicheskogo universiteta – Journal of the Ural State University of Economics, 2018, vol. 19, no. 4, pp. 5−18. DOI: 10.29141/2073-1019-2018-19-4-1