Limitations of Resource Based View of the Firm
What are the limitations of RBV? Can anyone clearly explain it? Thanks.
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Warren D. Miller, CPA, CFA Strategy Consultant, United States
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Limitations of RBV
I respectfully disagree, Maryam. There is a tool that can measure capabilities, whose development is central to deploying the RBV. That tool is Jay Barney's VRINO (valuable, rare, inimitable, non-substitutable, organizationally aligned) framework.
Asking five questions (one for each letter in the acronym) will help gauge the durability of a capability and also its staying power against other capabilities in the competitive domain (industry or strategic group). I use it all the time, and it is powerful.
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