A Natural-Resource-Based View of the Firm
Academy of Management ReviewPublished 1 October 1995
Stuart L. Hart
Citations5,141
SJR quartileQ1
SJR score14.40
SNIP6.11
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Abstract
Historically, management theory has ignored the constraints imposed by the biophysical (natural) environment. Building upon resource-based theory, this article attempts to fill this void by proposing a natural-resource-based view of the firm—a theory of competitive advantage based upon the firm's relationship to the natural environment. It is composed of three interconnected strategies: pollution prevention, product stewardship, and sustainable development. Propositions are advanced for each of these strategies regarding key resource requirements and their contributions to sustained competitive advantage.
Keywords
Business, Management and Accounting
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