This article explains how viewing resource-based theory within Brandenburger and Stuart’s value creation framework adds clarity to the theory as a whole and to its essential elements including the definition of its dependent variables, its approach to value creation, and its approach to the appropriation of economic value. Building on this foundation, the article addresses several questions about resource-based theory: Is it a theory or a view? Is resource-based theory tautological? Is resource-based theory static? How important are stakeholders within resource-based theory? Does resource-based theory constitute a theory of the firm? Does resource-based theory acknowledge industry structure’s role in explaining firm performance? Does resource-based theory incorporate uncertainty? Does resource-based theory have strong managerial implications? In accomplishing these tasks, the article sets the stage for the further evolution and application of resource-based theory.

本文解释了在 Brandenburger 和 Stuart 的价值创造框架中看待基于资源的理论如何使整个理论及其基本要素更加清晰，包括其因变量的定义、价值创造的方法以及其对资源分配的方法。经济价值。在此基础上，本文解决了关于基于资源的理论的几个问题：它是一种理论还是一种观点？基于资源的理论是同义反复的吗？基于资源的理论是静态的吗？利益相关者在基于资源的理论中有多重要？基于资源的理论是否构成了企业理论？基于资源的理论是否承认产业结构在解释公司绩效中的作用？基于资源的理论是否包含不确定性？基于资源的理论是否具有很强的管理意义？在完成这些任务的过程中，本文为资源基础理论的进一步发展和应用奠定了基础。