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A holistic approach to acquisition of strategic resources

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Purpose ‐ The aim of this article is to provide a holistic framework for the acquisition of strategic resources. Design/methodology/approach ‐ The literature dealing with resource creation is reviewed and analyzed from a resource-based point of view. The major methods of acquiring resources are identified through the literature review and the applicability of the framework proposed is illustrated with an empirical example. Findings ‐ Three ways of acquiring strategic resources are identified ‐ direct investments, organizational processes, and product market positioning. All three ways of acquisition can be intentional or unintentional. Arguments for using this six-dimension scale are provided through deductive reasoning, literature review, and the empirical example. Research implications/limitations ‐ The study identifies the six dimensions of strategic resource acquisition. However, integration of these dimensions is not a subject addressed in this study. Cluster analysis of companies according to these dimensions could enhance our understanding of the characteristics of companies regarding resource acquisition. Originality/value ‐ Whereas previous studies have generally used a single-theory approach, this study highlights the importance of having a holistic outlook when analyzing resource-based competitive advantages.
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Keywords: Competitive advantage; Human resource management; Resources; Strategic management

Document Type: Research Article

Publication date: October 2, 2007

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