The resource-based view of the firm has received some criticism. Which of the following statements are criticisms? Please select all that apply.
A) There is not enough detail on how to implement the approach.
B) It says little on how strategies develop over time.
C) There is little recognition of emergent strategies.
D) It is just another name for knowledge management.

Question

Quizplus · Accepted Answer

A) One criticism of the resource-based view is that it lacks guidance on how to actually apply the approach in practice.
B) Critics argue that the resource-based view does not account for the changing nature of strategy development over time and how strategies must adapt to changing circumstances.
C) Another criticism is that the resource-based view does not fully acknowledge the significance of emergent strategies, which can arise spontaneously from within an organization and be crucial for success.
D) It is not accurate to say that the resource-based view is the same as knowledge management - while they may be related concepts, they are not interchangeable terms.

The Resource-Based View of the Firm Has Received Some Criticism