The Resource-Based View: Resources, Capabilities, and Competitive Advantage

[@FeraldiMarco]

a pleasure to listen, thank you

[@craxyp72]

Hello thank you very much for this lecture very clear and straight to the point.

[@ellyjulie]

Thank you! Clear & precise explanation.

[@videolectures1]

Glad it was helpful!

[@Wonba604]

Thank you so much, doing an assignment for SCM and had no idea what is RBV. This video helped alot

[@videolectures1]

Glad it helped!

[@meizhang8522]

Great video! Thank you!

[@norasandouk6256]

Hello, Thank you for your video, So you said that: PESTEL if for global word analysis, what about the SWOT and porter ? Porter: inside the firm? and the swot : inside the firm and industry environment ? Thank you :)

[@videolectures1]

Porter's 5 Forces is for industry analysis. Resource Based View (RBV) is for firm analysis. PESTLE is for everything outside those two that could impact either. SWOT is more a handy way to organize your findings from those three into categories because without the other analysis you don't know what is a strength, weakness, opportunity, or threat. E.g., A shift in consumer preferences towards metal water bottles (PESTLE) is a threat to a firm with a core competence in plastic-specific manufacturing (RBV), but a potential opportunity to a firm with a core competence in marketing new products that outsources all of its manufacturing (RBV). (note: I have videos on each of the these except SWOT)

[@norasandouk6256]

@@videolectures1 Thank you very much for your answer!! You wrote core competence, its about what a company does better than its competitors? I will watch your videos, thank you, all the best :)

[@muhammadfikriaimanbinariff4945]

Thanks for lecture.

[@videolectures1]

Most welcome!

[@HN71]

is there an academic conflict between RBV and the Porter's 5 forces in the industry and competitive analysis and if yes, why?

[@videolectures1]

Not really. Porter's is focused on the industry (external) while RBV is focused on the firm (internal). One could argue that Porter's 5 "overlooked" differences between firms in the same industry. Porter himself later argued that firms' attempts to mitigate the 5 forces explained the difference in profitability between firms in the same industry. I would say that is partially true and partially trying to stretch the theory to do more than initially intended.

[@HN71]

@videolectures1 Thank you for sharing you valuable thoughts. Professor Roger L. Martin claimed that conflict in one of his interviews within a Podcast of strategy talks. Thank you.

[@musetefera5900]

I am MBA student in Ethiopian i like your lecture but is better your face isn't shown at all because i am sort of destructed between the graph and looking at your face. And its better not to exceed more that 8 mints.