COMPREHENSIVE REVIEW OF THE SOURCES OF COMPETITIVE ADVANTAGES

Keywords

Strategic management
recourses and capabilities
competition

Abstract

The term "competitive advantage" lacks a standard definition in the extant literature. In order to conduct future empirical studies, it is necessary to choose an appropriate definition of competitive advantage. This study provides a comprehensive review of competitive advantages by analysing the scientific database of Web of Science from 1954 up to 2021. The finding is that there are three views over competitive advantages: Resource-based View, Competence-based View, Relationship and networks-based View. The findings of this study are critical for future empirical research, particularly in terms of measuring competitive advantage. This study also lays the groundwork for assessing how competitive advantages affect firm performance.

https://doi.org/10.26459/hueunijed.v131i5B.6828

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