resource based perspective in mining industry

Importance of resource-based view for businesses

Allocation of resources. The resource-based theory or resource-based view helps in determining the resources available within the firm and relates them with the capabilities of the firm in a silent manner. This brings into consideration, the profitability and the value factor associated with the firm (Colbert 2004).

Understanding the Resource-Based View: Susan …

examined resource outcomes by performance group, over multiple levels of analysis. The findings revealed (i) a number of relevant and new, context-specific resources from the music industry, (ii) the identification of three distinct clusters of firms that emerged from the sample based on resource preferences, firm characteristics, and

Resource-Based View - an overview | ScienceDirect Topics

Barney (1991) introduces the concept of the resource-based view (RBV) to address the limitations of environmental models of competitive advantage and attempts to provide a link between heterogeneous resources controlled by an organization, mobility of the resources within the particular industry and the strategic or competitive advantage enjoyed by an organization.

Economic Diversification in Resource Rich Countries

Resource-based services with high logistical and technical requirements include ... This paper considers the issue of diversification from a particular perspective – countries with a ... revenues. With some exceptions, notably for artisanal mining, direct employment creation in the mineral sector is often modest.

Tackling mining sector challenges with innovative HR ...

Tackling mental health issues. Another issue for HR professionals is staff mental health. The Australian mining industry provides employment for more than 170,000 people 1 and, while the industry ...

Analysis of Resource Based View of Strategy - MBA ...

The relationship between firm's resources and performance are always the crucial area of interest in strategic management. Resource based view (RBV) highlights the internal environment of the firm in crafting strategy to accomplish a sustainable competitive advantage in it. Resource in RBV can be defined in an extremely broad way.

The Resource-Based Theory of Competitive Advantage ...

The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation – Robert Grant (CMR 1991) Porter's strategic development process starts by looking at the relative position of a firm in a specific industry. This is, we start by considering the firm's environment and then try

Future of Work in mining: Attracting, developing and ...

gap in the mining sector remains the impact of these changes on talent attraction, development and retention. In this second report in the Deloitte-NORCAT series on key trends in the mining industry, the focus shifts to the people equation. It examines where investments in innovation and technology are having an impact on the work, workers and

(PDF) Resource Based View (RBV) of Competitive …

The Resource Based View (RBV) takes an 'inside-out' view or firm-specific perspective on why organizations succeed or fail in the market place. According to RBV, firm's abilities also allow ...

Opportunity core 100 - Deloitte

The mining sector has had a poor record in attracting and promoting women. In part, this is understandable: historically, mining was a male-dominated industry that required physical strength. The skills needed in the mining sector today have changed dramatically, but mindsets have taken longer to shift.

The mining industry in a sustainable future - SEI

The mining and mineral industries affect all three dimensions of sustainability, both positively and negatively, but without the industry's contribution, not least to supply materials for a necessary technological transformation of …

Mining company strategy evolution: an overview and …

these are Porter's Five Forces: the Resource-Based View, the PESTEL approach, market demand trends, and scenario planning. The following overview of these strategy tools is intended only to describe the salient features and create context to application in the example case. PESTEL The PESTEL (Political, Economic, Social, Technology,

Competitive Advantage and the Resource Based View of …

The resource based view of the firm suggests that an organization's human capital management practices can contribute significantly to sustaining competitive advantage by creating specific knowledge, skills and culture within the firm that are difficult to imitate (Afiouni, 2007; Mata et al., 1995). In other words, by creating resource ...

All You Need to Know About Resource-Based View

The resource-based view theory, on the other hand, states that companies should look within at the resources they already have available rather than seeking to acquire new competencies, functions or skills. A firm's resources should hold value in the context of the target market and require an extended learning curve so that they cannot be ...

Resource-Based Theory – Mastering Strategic …

Resource-based theory contends that the possession of strategic resources provides an organization with a golden opportunity to develop competitive advantages over its rivals (Figure 4.2 "Resource-Based Theory: The Basics") …

Resource Based View - The VRIN Characteristics

The resource-based view (RBV) is a way of viewing the firm and in turn of approaching strategy. Fundamentally, this theory formulates the firm to be a bundle of resources. It is these resources and the way that they are combined, which make firms different from one another. It is considered as taking an inside-out approach while analysing the firm.

WEF Metals and Mining Scenarios - McKinsey & Company

the industry should undertake a comprehensive scenario planning process. This process has focused on what the environment for the global mining and metals sector might look like in 2030, drawing on the expertise of hundreds of experts from the industry and from various affected stakeholders and interested institutions. The scenarios will

Industry-based view, Resource-based view, and Institution ...

This will first define the terms of industry-based view, resource-based view, and institution-based view. Following this, it will demonstrate the linkage between those views.

A Resource-Based View of the Firm Birger Wernerfelt ...

A Resource-based View of the Firm 173 If the production of a resource itself or of one of its critical inputs is controlled by a monopolistic group, it will, ceterisparibus, diminish the returns available to the users of the resource. A patent holder, for example, appropriates part of the profits of his licence holders.

Five common challenges facing the mining industry | …

The mining industry comes with its fair share of challenges; from scarce resources to uncertainty around commodity prices, miners are always looking at ways to overcome barriers to stay competitive. Below we explore 5 …

White Paper Digital Transformation Initiative Mining and ...

– More than $320 billion of industry value over the next decade, with a potential benefit of approximately $190 billion for the mining sector and $130 billion for the metals sector. The total for mining and metals is equivalent to 2.7% of industry revenue and 9% of industry profit. – A reduction of 610 million tonnes of CO 2 emissions,

(PDF) Resource- Based View, Definition and Criticism ...

Resource- Based View, Definition and Criticism Ibrahim Rihan The resource-based view as a basis for the competitive advantage of a firm lies primarily in the application of a bundle of valuable tangible or intangible resources at the firm's disposal. (The Theory of the Growth of the Firm, 1959). There is strong evidence that supports the RBV 1.

Is the Resource-Based 'View' a Useful Perspective for ...

business-level resource-based perspective. His "organizing framework"-"that organizational resources that are valuable, rare, difficult to im-itate and non-substitutable can yield sustained competitive advantage" (Meyer, 1991: 823)-has supplied the footing for many RBV studies, with subsequent work based on either his framework or an extension.

Resource-Based View: Definition, Advantages ...

How alliance formation shapes corporate venture ... - Wiley

We introduce a resource-based perspective whereby resource complementarity and network resource visibility prompt a reinforcing association between CVC investment and alliance formation. In turn, external resource redundancy and internal resource allocation constraints yield an attenuating effect of alliance formation on CVC investment.

Mining industry and sustainable development: time for ...

Mining industry and legacy impacts. Mining activities are not new and indeed may have started in Neolithic (Chalcolithic) times to obtain the first metals for tool fabrication (Reardon 2011). In the Classic Greece and in the Roman Empire, many mines were exploited for production of iron, lead, copper, gold, and other metals.

4.3 Resource-Based View – Strategic Management

Accepted 20 September 2001. Abstract. At present, the resource-based view of the ﬁrm is perhaps the most inﬂuential framework for. …