other, based on the difference in productivity and performance of the resources they control (Helfat and Peteraf, 2003). However, the usefulness of the RBV as a theoretical framework has remained a subject of debate (Barney, 2001; Hoopes, Madsen, & Walker, 2003; Priem & Butler, 2001a, 2001b; Williamson, 1999). Despite being conceptually strong, the RBV has little value as an analytical tool to solve practical business problems. Further, its empirical support has been weak: for example, a review of…
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