Wernerfelt (Birger Wernerfelt)

Birger Wernerfelt was a prominent management researcher known for developing the "Resource-Based View" (RBV) of competitive advantage. This theory suggests that a company's unique resources and capabilities—such as skilled employees, proprietary technology, or brand reputation—are key to achieving and sustaining superior performance. Rather than focusing solely on market positioning or external forces, Wernerfelt emphasized internal assets that competitors cannot easily imitate. His work helps explain why some firms outperform others over time, highlighting the importance of developing, protecting, and leveraging distinctive resources to build long-term competitive advantage.