<P> The Resource - Based View ( RBV ) is an economic tool used to determine the strategic resources available to a firm . These resources can be exploited by the firm in order to achieve sustainable competitive advantage . Barney ( 1991 ) formalised this theory , although it was Wernerfelt ( 1984 ) who introduced the idea of resource position barriers being roughly analogous to entry barriers in the positioning school ( see Porter , 1980 ) . RBV proposed that firms are heterogenous because they possess heterogenous resources . </P>
<P> The Resource - Based View ( RBV ) is an economic tool used to determine the strategic resources available to a firm . These resources can be exploited by the firm in order to achieve sustainable competitive advantage . Barney ( 1991 ) formalised this theory , although it was Wernerfelt ( 1984 ) who introduced the idea of resource position barriers being roughly analogous to entry barriers in the positioning school ( see Porter , 1980 ) . RBV proposed that firms are heterogenous because they possess heterogenous resources . </P>
the resourced based view of the firm ( rbv school ) is
the resourced based view of the firm ( rbv school ) is
an economic tool used to determine the strategic resources available to a firm
an economic tool used to determine the strategic resources available to a firm