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Journal of Applied Sciences
  Year: 2012 | Volume: 12 | Issue: 2 | Page No.: 113-124
DOI: 10.3923/jas.2012.113.124
 
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Unsteadiness of the Resource-based Competitive Advantage in Absence of Competitive Strategy: Lessons from the Malaysian Wooden Furniture Industry

Mohsen Ziaie, Shukri Mohamed, J. Ratnasingam, Awang Noor and Rosli Saleh

Abstract:
The competitiveness of Malaysia’s furniture industry is sinking, despite its sturdy growth over the last two decades. Prolongation of this trend will, on the long run, end up in declining of the furniture industry. Within this context, some literature suggests, from resource-based view, that the rising labor costs and dubious supplies of raw materials, coupled with inadequate capabilities, are intrinsic problems of this industry. However, from the view of competitive strategy, different factors need be considered for us to develop a comprehensive understanding of the structure of this industry in the current state of affairs. This paper investigates the approaches of Malaysian policymakers and academics to fostering the competitive power of Malaysia’s wooden furniture industry by a comprehensive review of the related literature. The study seeks to clarify that unilateral emphasis on the Resource-Based Views (RBV) without consideration of the Competitive Strategy Views (CSV) has ended in the furniture industry failing to achieve stable competitory place, sustainable competitive advantages, and supreme performance. Overview of the literature on the academic and governmental approaches to the industry trends reveals dominance of a one-sided RBV authority on almost every action that criticizes or maintains the movement of the industry. Recent investigations disclosed that reliance on RBV without exploiting CSV does not result in sustainable competitive advantages and of course paramount performance; negligence of competitive strategy perspectives in the government policy and the vision of the industry are the root causes of the current situation of the wooden furniture industry of Malaysia.
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How to cite this article:

Mohsen Ziaie, Shukri Mohamed, J. Ratnasingam, Awang Noor and Rosli Saleh, 2012. Unsteadiness of the Resource-based Competitive Advantage in Absence of Competitive Strategy: Lessons from the Malaysian Wooden Furniture Industry. Journal of Applied Sciences, 12: 113-124.

DOI: 10.3923/jas.2012.113.124

URL: https://scialert.net/abstract/?doi=jas.2012.113.124

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