Paradigm Change in Strategic Management Research : Is the Resource-Based View a New Theory of Firm?

The paper explores whether resource-based view with newly emerged extensions including the dynamic capabilities perspective and the knowledge-based view is a new theory of the firm the or a compliment to existing theories. The paper analyzes new paradigms in the strategic management literature using Thomas Kuhn’s (1962) theory of scientific revolutions. Kuhn’s framework is an important model that contributed significantly to the philosophy of science. The results suggest that strategic management is a multi-paradigmatic discipline. The conclusion indicates that the resource-based theory is a new paradigm of strategic management, although not a dominating one