Resource based view of strategies Essay Example | Topics and Well Written Essays - 3750 words

Resource based view of strategies - Essay recitationThey face a lot of profits in the long run. The resource-based view has both advantages and disadvantages. Some stack despise it by saying that it does non put into consideration the importance of workers scuttlebutt in the work it also has little focus on capabilities and prescriptive implications. Some other organizations look at that Resource-based view is just a theory and cannot be put under practice. But most important, it is not good to criticize a theory people should look at the organizations which use it and have kick the bucket successful. Though it may take some time, it is the best way to uplift unsuccessful organizations. Despite the many another(prenominal) criticisms organizations still prefer to use it to make their strategies.A Resource-Based View is a management device that is used by an organization, to assess its strategies by effectively and efficiently applying its useful, tangible or intangible resourc es to determine its agonistic advantage. It is also used to transform its short term competitive ability to its sustainability (Clark & Barney, 2007, p.26). Competitive advantage is the performance of a specific current strategy that is not being implemented by other organizations at the moment and will facilitate to more market opportunities, competitive threats will be neutralized, value creative activity and the profits will be reformd (Clark & Barney, 2007, p.60). This essay aims to use a resource-based view of strategies to Nokia Mobile Company, in order to define its competitive advantage and competitive survival over other mobile companies. This essay will critically evaluate a resource-based view of Nokia strategic management in order to improve its markets and its profits.