1\ The critical appraisal examines the development of the RBV in terms of theory, method,empirical evidence and practical insights. It is contended that the permeable and eclecticnature of the RBV stems from its being a theory about what firms are and how theyfunction, and that its popularity is due to an absence of limiting behavioural assumptions.
2\Although the relative weight attributed to different scholars’ contributions may
be subject to debate, it is clear that, over time, a series of papers have laid the intellectual foundations for a body of thought relating to the relationship between```