3.3 Recent extensions to the RBV
Since the RBV was originally positioned as an internal approach to studying SCA, as described above, one natural criticism was that it was not enough concerned with the context in which the firm operates (Oliver, 1997). In this spirit several extensions were made to resource-based thinking in recent years. For example Oliver (1997: 707) states that:
“Alliances allow firms to tap into time compression diseconomies and history-dependent competencies that are difficult to trade in strategic factor markets.”