the value of the resource based view of the firm lies in the utility of valuable tangible and

intangible resources as the basis for a competitive advantage (Fahy & Smithee, 1999, p. 1)
according to the resource based view, only in case resources are able to stand out of the
ones possessed by competitors, and if they can be considered as not interchangeable by
other random assets, they have the power to create a position superior to the firm’s rivals.
These resources, as assumed by the resource based view, can be categorized into three
group:

 Physical Capital Resources

 Human Capital Resources
 Organization Capital Resources
physical capital resources refer to technology, firm equipment, location and access to raw
materials.

human capital resources comprise amongst others training, experience and insight of
individual managers and workers of the firm,

organizational capital resources consider the formal reporting structure of the firm as well as
informal relations among groups within it