A holistic approach to acquisition of strategic resources

Abstract

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.

Citation

Andersén, J. (2007), "A holistic approach to acquisition of strategic resources", Journal of European Industrial Training, Vol. 31 No. 8, pp. 660-677. https://doi.org/10.1108/03090590710833697