Linking resource-based view with business economics of woodworking industry: earlier findings and future insights. Silva Fennica 41(1): 149–165

Lähtinen, K. 2007. Linking resource-based view with business economics of woodworking industry: earlier findings and future insights. Silva Fennica 41(1): 149–165. The business environment and sources of competitiveness in the woodworking industry have changed notably since the 1990s. Wood products are traded globally, and with the increase of trade, abundant forest resources are no longer the main source of sustainable competitive-ness. Competition within the woodworking industry is increasing both between European and non-European enterprises, as well as within the EU. Capability to create value-added, making rational strategic choices, and creative usage of intangible and tangible resources have been emphasized as crucial for sustaining woodworking industry competitiveness in higher cost-level countries. Resource-based view (RBV) defines the availability of intangible assets, capabilities and tangible resources, and their heterogeneous combination to form the basis for company success. The objective of this review is to examine the possibilities to employ the RBV to the study of the woodworking industry by combining existing empirical results of the factors of companies ’ competitiveness with assessment of the RBV. In the existing literature, strategies implemented in woodworking companies have been approached rathe