A resource-based view and dynamic capabilities approach in the context of a region’s international attractiveness: The recent case of Western Australia
Document Type
Journal Article
Publication Title
Local Economy
Publisher
Sage Publications
School
School of Business and Law
RAS ID
26652
Abstract
This exploratory study proposes a framework based on the resource view theory and the dynamic capabilities approach to further the understanding of a region’s attractiveness, particularly from an international perspective. The case of Western Australia is examined through in-depth, face-to-face interviews with nine country consuls experienced in international trade. The findings revealed significant ways in which Western Australia could enhance its future commercial appeal. The findings revealed the value of synergies between this state and other countries, particularly exchanging expertise, transferring knowledge, or exporting know-how, education, both university and industry-focused, research and development and expertise. These forms of regional attractiveness emphasise the strategic role of industry resources and dynamic capabilities, thus, underscoring the usefulness and applicability of the proposed framework. While the state’s mineral exports will continue to drive its economy, harnessing its potential in other areas is crucial to adapt to changing business environments and to build sustained competitive advantage.
DOI
10.1177/0269094218765167
Access Rights
free_to_read
Comments
Alonso, A. D., & Kok, S. (2018). A resource-based view and dynamic capabilities approach in the context of a region’s international attractiveness: The recent case of Western Australia. Local Economy, 0269094218765167. Available here