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

Resource based view of strategies - Essay Example They face a lot of profits in the long run. The resource-based view has both advantages and disadvantages. Some people despise it by saying that it does not put into consideration the importance of worker’s input in the work; it also has little focus on capabilities and prescriptive implications. Some other organizations claim 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 used it and have become successful. Though it may take some time, it is the best way to uplift unsuccessful organizations. Despite the many 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 resources to determine its competitive advantage. It is also used to transform its shor t term competitive ability to its sustainability (Clark & Barney, 2007, p.26). Competitive advantage is the implementation 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 creation and the profits will be improved (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.