Sd. Hunt et Rm. Morgan, RESOURCE-ADVANTAGE THEORY - A SNAKE SWALLOWING ITS TAIL OR A GENERAL-THEORY OF COMPETITION, Journal of marketing, 61(4), 1997, pp. 74-82
Deligonul and Cavusgil (1997) conduct a paradigm-level analysis of res
ource-advantage (R-A) theory. They argue that (1) Hunt and Morgan (199
5) offer resource-advantage theory as a replacement for perfect compet
ition theory (2) a successful challenger to any theory must come from
a new paradigm, (3) hut both perfect competition and RA theory come fr
om the same paradigm, Therefore, (4) the replacement thesis is dubious
. We evaluate their argument.