Resource Based View (RBV): The Ultimate Summary

Check out Collis & Montgomery's HBR take on the Resource Based View. You'll see some of their examples, my examples, and--spoiler alert--even some examples adapted from Michael Porter.
The RBV is my favorite strategic framework, and I think it's one of the most accurate--though only when used by someone knowledgable and attuned to accurate firm data. We'll cover all 5 tests as well as 2 examples of investing in key resources.
Relevant Resources for you:
1. The main article I draw from is Collis & Montgomery's original resource article from Harvard Business Press: hbsp.harvard.edu/product/R080...
2. If you're looking for other resources, be sure to check out Jay Barney's VRIO and VRIN model. These models are very similar to Collis & Montgomery's, but they are different in some ways. If you're in business school and your professor assigned VRIO or VRIN, be sure to check out a summary video (I don't have one yet) on those models as well!
3. IMHO, the best RBV case study is David Collis' "Disney: The Entertainment King" hbsp.harvard.edu/product/7010...

[@Tiberius_Gracchus]

you saved this MBA student 10 pages of reading, and did it fashionably/entertaining way...you are awesome!

[@dhalliday]

Alea iacta est, Tiberius.

[@siongowers7423]

I have an exam tomorrow on strategy, and I have to say, watching this video is the only thing that has made me thankful for the exam.

[@dhalliday]

Thanks, Sion! Best of luck tomorrow.

[@siongowers7423]

@@dhalliday Thanks David!!

[@apolloali1356]

i guess Im asking the wrong place but does any of you know of a method to log back into an Instagram account? I was dumb lost my login password. I would love any assistance you can offer me

[@anastasiachen472]

This should have more views. Thank you so much for making such an interesting video on pretty complicated subject.

[@dhalliday]

Wow, thanks so much! That makes me feel better about the week I spent trying to put this together.

[@grorud10]

funny twist on the edit, love it! Thank you for posting, and putting it into a broader picture then the regular litterature around this topic. Best regards, Norwegian student.

[@dhalliday]

I'm glad you got some value from this. That means a lot. Takk så mye!

[@zuu9986]

Fantastic video, I love watching your summary. Very easy to understand the explanation with the real-life context

[@dhalliday]

fantastic, thanks for giving the feedback! This will give me some motivation for my next round of videos.

[@hassankurdi6893]

A very engaging approach! Thank you for this lovely video.

[@dhalliday]

Thanks, Hassan!

[@professionaltraining]

Excellent video, congrats! I teach strategic management and will be sharing the video with my students!

[@dhalliday]

Woohoo! Happy to help out. Glad you found it valuable.

[@bethcardosi9921]

More entertaining and easier to digest than reading the article., Thanks

[@tracyminnie8437]

Excellent video to help me understand in a fun way!

[@mariaeduardacunha2997]

Thank you from Brazil! Such a great lesson

[@dhalliday]

Thanks for watching Maria! Glad you found it helpful.

[@theobaldmathew88]

thank you view clear hard to find videos of such clarity

[@dhalliday]

Woohoo - thanks!

[@lishaearhartyates9595]

Such a great video! Thank you for making this!

[@dhalliday]

Thank you and glad you got some value from it!

[@russellfernandez57]

I love the humor, instantly subscribed

[@darylcronin4919]

Excellent video about RBV, or resource based view!!

[@dhalliday]

Thanks, Daryl!

[@aftrio]

Great synopsis. The video provided by my professor didn't do well at explaining RBV. You made it easy to understand and injected humor when appropriate. I agree with Ms. Chen, this should have more views! Great job!

[@dhalliday]

Wow, thanks, Alex!

[@aftrio]

@@dhalliday Question, I didn't see any references listed in the video description, you cite Collins and Montgomery, can you provide some citations so the community can read these sources? Thanks!

[@dhalliday]

@@aftrio Great idea. I just added that section above. Here are some starter ideas: Relevant Resources for you: 1. The main article I draw from is Collis & Montgomery's original resource article from Harvard Business Press: hbsp.harvard.edu/product/R0807N-PDF-ENG?Ntt=collis+montgomery&itemFindingMethod=Search 2. If you're looking for other resources, be sure to check out Jay Barney's VRIO and VRIN model. These models are very similar to Collis & Montgomery's, but they are different in some ways. If you're in business school and your professor assigned VRIO or VRIN, be sure to check out a summary video (I don't have one yet) on those models as well! 3. IMHO, the best RBV case study is David Collis' "Disney: The Entertainment King" hbsp.harvard.edu/product/701035-PDF-ENG?Ntt=disney&itemFindingMethod=Search These options are behind a paywall at HBSP, but I'm sure there are other good summaries out there.

[@xysmt]

I study in Information Systems and found your videos extremely helpful in consolidating my learning. Thanks.

[@dhalliday]

big thanks - btw, I loved you in What's Eating Gilbert Grape (sadly underrated) and The Departed. Your accent in Blood Diamond was atrocious though, mate.

[@xysmt]

@@dhalliday 😂

[@chaitalideb9256]

You really explain the topics in simplified way..

[@dhalliday]

Thanks!

[@sahazadshad]

Man!!! you videos are awesome!! Thanks.

[@dhalliday]

Thanks for your comment Sahazad! That really brightened my morning. Glad you got some value from them.

[@Joan_Suarez]

Your videos simplify strategy topics and are fun to watch! Do you have a video to explain how to add the cool sound effects and pop-ups? Great summary as usual. 👍🏽👍🏽

[@dhalliday]

Joan, KZbin has their own video editor (or at least I know TikTok does!!) that lets you add in sound effects and edit transitions on either a laptop or your phone. I used Final Cut (FCPX), and that has a bit of a learning curve. Adding SFX is easy once you know the system.

[@mailyschatelet9223]

Thank you so much! It is really well explained and fun :)

[@dhalliday]

Thanks, Mailys!

[@thinhdoan6287]

The video sound is pretty good, beyond my imagination

[@dhalliday]

ha no just a quick mix in final cut. thanks tho!

[@alyafey69]

Thank you so much! I had 2.5 hrs lecture that covers the same points!

[@dhalliday]

Works as intended! Glad you found it useful, Mohammed.

[@pantrucaxd]

This video is great, thanks for the funny approach!

[@dhalliday]

Thanks for watching, Joaquin! Glad you found it valuable.

[@terrellstaten123]

Awesome video Professor

[@dhalliday]

Thanks, Terrell!

[@santerc]

Very good!!! Thanks

[@allankemball8645]

I really enjoyed this and will come back to it. It made me laugh too. Nice one David. An analysis of Warren Buffet's strategy to own the supply chain and know which ones to go after is a lesson and valuable insight in its own right. there's another expose to do!

[@dhalliday]

I mean I love Buffett but it's important for people to understand that he makes his money being smart and rule abiding, not nice.

[@allankemball8645]

@@dhalliday indeed he does. It's how he thinks about how to identify where the important things flow and investing or owning those elements in that flow. I think having that ability to know which ones to pick and which not and the logic used to make those decisions is a lesson worth learning.... just in case your interested in delivering another amusing treatise!

[@andrepr83]

excellent storytelling

[@abdulladoha4824]

thanks for this!

[@dhalliday]

You bet!

[@b.njunior4465]

If all my teachers where like David, i guess university wasn't going to take so much time to complete. Thanks for making it comprehensible...

[@dhalliday]

Thanks, BN. Glad this is helpful. If all my professors were like me, university would have taken forever to complete because I'd have had a nervous breakdown.

[@b.njunior4465]

@@dhalliday hehehehe i can only imagine. I think learning should be fun and thanks to the nervous breakdown you had behind the scene i had fun watching.

[@dkasek1622]

thanks

[@ifrahafzal9416]

Hey i have request please make video on journal by jay barney on firm resources and sustained competitive advantage its difficult to understand that one. Thankyou

[@hebagouda7212]

Cant thank you enough..👏👏

[@dhalliday]

You're welcome 😊 Glad you found it useful

[@danielbusch4143]

Great video, thanks! I also had trouble pronouncing inimitability, lol!

[@rohant]

Thanks, this is exactly what I had needed for the MBA! Also, I wonder if Warren owns any food processing companies, that, say, makes corn syrup? I mean, that would be a proper RBV, owning the entire supply chain for a sugary (corn-syrupy?) beverage.

[@dhalliday]

LOL! A sly nod to his favorite beverage. I will start mentioning that in class.

[@jerichodelamerced1803]

From who's framework the five testing came from?

[@dhalliday]

Michael Porter.

[@nikefimov3987]

What are some advantages and disadvantages of this approach ? URGENT. Thank you

[@dhalliday]

Advantages: This is one of the few frameworks that covers appropriability, meaning how much value that a company can extract from the production process relative to their competitors. Likewise: inimitability. It's a great word and I find myself applying their ideas to other strategy frameworks (Porter). Weaknesses: This framework is generalized and GIGO applies: Garbage In, Garbage Out. If you're applying it in a lazy way, you're going to get bad results. It's not an easy framework like Porter's What is Strategy? which covers tradeoffs, an idea that is much easier to grasp than C&M.

[@dimiodufote4010]

How to understand the "wow Factor" concept in business and corporate world?

[@dhalliday]

Dimi, I'll put that on the list of videos to consider in the future. Thanks for the suggestion.

[@CC12342]

really impressed we make comics for companies. what's your linkedin? would love to collab

[@dhalliday]

Glad you liked it. Here you go. Look forward to hearing from you. Sorry for the slow response! www.linkedin.com/in/hallidaydavid/

[@dexteremrit3130]

what makes you assume that your silly style will have impact ...i speak here of the unintelligent disturbances you incorporated

[@T.Metzger]

Summarize Alphabet

[@dhalliday]

Totally (though that video would be like 8356 minutes long). I think I could start with just Google's ad matching capabilities with Google search results and work out from there. Great idea. Thanks!