Prahalad and Hamel's 1990 paper
A)summarized the main constraints of the external environment.
B)summarized the strategic positioning school's point of view.
C)won that year's nobel prize for economics.
D)kick-started the modern resource-based view of the firm.

Question

Quizplus · Accepted Answer

Prahalad and Hamel's 1990 paper introduced the concept of the resource-based view of a firm, which emphasized that a firm's unique resources and capabilities should be the basis for its strategy. This marked a departure from the traditional external environmental analysis approach of the strategic positioning school. The paper did not summarize the main constraints of the external environment nor did it win a Nobel prize for economics.

Prahalad and Hamel's 1990 Paper