Resource based view of the firm: measures of reputation among health service-sector businesses.
Application of the strategic leverage of Resource Based View of the Firm (RBV) directly advocates that a company's competitive advantage is derived from its ability to assemble and exploit an appropriate combination of resources (both tangible and intangible assets). The three companies that were selected were Pittsburgh-based companies that were within relatively easy access, representing healthcare service-related industries, and can be reviewed for the principles of the RBV. The particular firms represented a variety of establishments and included Baptist Homes (a long-term care facility), University of Pittsburgh Medical Center (UPMC)(a provider of hospital and other health services), and GlaxoSmithKline, Consumer Healthcare, North America (GSK-CHNA)(a global provider of healthcare products and services). Through the case studies, it was found that not all intangible assets are strategic, and by extension, not all measures of reputation are strategic either. For an intangible asset to be considered strategic, in this case reputation, it must be valuable, rare, imperfectly imitable, and non-substitutable.
Smith
Alan D
AD
Department of Management and Marketing, Robert Morris University, Pittsburgh, PA 15219-3099, USA. smitha@rmu.edu
D000046:Academic Medical Centers / Q000592:standards; D003132:Commerce / Q000191:economics / Q000592:standards*; D005376:Financial Management / Q000592:standards; D019981:Health Care Sector / Q000191:economics / Q000592:standards; D006296:Health Services / Q000191:economics / Q000592:standards*; D008389:Marketing of Health Services / Q000592:standards*; D008824:Michigan; D009735:Nursing Homes / Q000592:standards; D015279:Organizational Culture; D014481:United States