Amending the Resource-based view of Strategic Management from an Entrepreneurial Perspective

The purpose of this paper is to amend the resource-based view of strategic management from an entrepreneurial point of view. We firstly attempt to make a brief survey of the conceptual framework of the RBV by contrasting it with the competitive forces approach (CFA) presented by Porter (1980). Secondly, we clarify the objectives of corporate strategy through a critical assessment of the RBV from both a static and a dynamic point of view. Finally, we suggest a new perspective of the RBV by amending it from an entrepreneurial viewpoint, and then take some examples to illustrate the new perspective for further empirical studies.