Management, Strategic Management Theories and the Linkage Article Review

Management, Strategic Management Theories and the Linkage with Organizational Competitive Advantage from the Resource-Based View

Accurate comprehension of the article = blue

Critical analysis of the strengths and weakness of the ideas, concepts or theories = yellow

* Provision of specific comments in the form of criticism, disagreement, synthesis, paradox, curiosity or genuine confusion= green

Management, Strategic Management Theories and the Linkage with Organizational Competitive Advantage from the Resource-Based View

Using a thorough analysis of management theories and approaches to illustrate how the Resource-Based View (RBV) of management can deliver greater competitive advantage and more optimized use of internal resources, the authors seek to support this assertion with a comprehensive literature review. The synthesis of the Classical Approach, Human Resource Approach, Quantitative Approach, Systems Perspective, Contingency Approach and Information Technology Approach is used as the foundation for showing how the RBV approach to management can deliver exceptional results (Raduan, Jegak, Haslinda & Alimin, 2009).The authors concentrate on creating a taxonomy that emanates from each of these specific approaches to management, further showing their contributory effects across the factors that also impact the RBV of an organization.

Analysis

The RBV concepts and frameworks are used effectively for showing how an organization can create and sustain a competitive advantage over time, concentrating on the strongest areas of performance across the core competencies they have. Aligning resources to the specific opportunities in a given market is predicated on using the RBV frameworks to ensure an optimal mix of resources and focus to ensure a strategy succeeds over time (Raduan, Jegak, Haslinda & Alimin, 2009). The authors successfully illustrate how the RBV….....