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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
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From Penrose to Complementary Assets: The Evolution of the Resource-Based Literature

Author(s): Jon Carrick

Citation: Jon Carrick, (2013) "From Penrose to Complementary Assets: The Evolution of the Resource-Based Literature," Journal of Management Policy and Practice, Vol. 14, Iss. 3, pp. 125 - 156

Article Type: Research paper

Publisher: North American Business Press


Although scholars recognize that the resource-based view (RBV) stems from Penrose’s (1959) ideas (Barney, 1986; Wernerfelt, 1984), the evolution and continued evolution of the resource-based ideology has not been properly traced. The purpose of this paper is to trace this evolution, and connect several major areas of the literature: namely, Penrose, RBV, dynamic capabilities, and complementary assets (CAs). In tracing the resource-based evolution, the paper underscores the important and relevant aspects of resource-based ideology to modern management, untangles the incongruities in the literature, and identifies the weaknesses in the resource-based ideology.