Management, strategic management theories and the linkage with organizational competitive advantage from the resource-based View

The main objective of this paper is to review the evolution of management theory,
overview of strategic management theory and its linkage with the resource-based view
(RBV) of the firm’s competitive advantage. A review of the relevant literature was
conducted and a connection between management theory, strategic management theory and
competitive advantage from the RBV of the firm was identified. It was found that the RBV
of the firm’s competitive advantage is one of the main strategic management theories
applicable to explain organizational performance, and it is also a part of the larger
management theory family which has evolved to suit the managerial needs of the
organizations and also the business environments organizations are operating in.
Examining organizational competitive advantage from the RBV allows the organization to
gauge the magnitude of importance placed upon its internal firm resources and capabilities
in particular towards attaining a competitive advantage level, thus providing further support
and extension to the RBV.