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Methodological Challenges regarding RBT

Abstract

Hoskisson et al. (1999) assert that the research methods applied within empirical tests of RBT in the past, overall, do not seem to be suitable for the task at hand. The authors argue that it is due to the emphasis on the idiosyncratic nature of a firm’s resources and capabilities that empirical testing of RBT faces great challenges.556 As previously outlined in chapter 2.3, the power of RBT in explaining sustainable performance is based upon strategic resources, i.e., on valuable, rare, inimitable, and non-substitutable resources, which are, in part, by their nature unobservable (e.g., tacit knowledge, organizational culture).557 As a result, empirical testing of these unobservable resources and their effects on firm performance seems to be difficult. “Regarding these challenges, the need for a multiplicity of methods to identify, measure, and understand firm resources is increasing. Empirically we have some understanding of the what in many cases but now need to extend our methodology so we can know how as well.”558

Keywords

Methodological Challenge Data Analysis Method Knowledge Resource Strategic Group Strategic Resource 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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