Recent contribution to strategic management theory of the firm and are known collectively as "resource-based view of the firm" to provide illuminating to look at the sources of profitability and the nature of competitive strategy. The article states that the internal resources and not the market environment should provide a basis for the strategy of the firm. Based on the analysis of the relationship between resources, capabilities, competitive advantage and profitability, this paper puts forward a framework for resource-based approach to strategy formulation. "Hide
by Robert M. Grant Source: California Management Review 22 pages. Publication Date: 01 April 1991. Prod. #: CMR031-PDF-ENG
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