MY Insight

Rethinking Your Resources 

What does resource-based theory have to say about the ongoing shareholder vs. stakeholder debate?

Barney, Jay B.

Date: Second Quarter 2017

Tags: resource-based theory, stakeholder theory, economic profit, interests, owners

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Should managers seek to maximize the wealth of their firm's owners, or should they seek to satisfy the legitimate interests of all their firm's stakeholders? Debates about this question have gone on for decades. Recently, I have begun to explore the implications of the resource-based theory of competitive advantage for this debate.

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