Management, Strategic Management Theories And The Linkage With Organizational Competitive Advantage
Source: Universiti Putra Malaysia
The main objective of this paper is to review the evolution of management theory, overview of strategic management theory and its linkage with the resource-based view (RBV) of the firm's competitive advantage. It was found that the RBV of the firm's competitive advantage is one of the main strategic management theories applicable to explain organizational performance, and it is also a part of the larger management theory family. Examining organizational competitive advantage from the RBV allows the organization to gauge the magnitude of importance placed upon its internal firm resources and capabilities in particular towards attaining a competitive advantage level, thus providing further support and extension to the RBV.