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How should academic fields take on the existential risks created by the climate crisis? What are the moral obligations of business schools at a time when the operations of business are the greatest hazards to our planet? Just 20 companies are responsible for one-third of the world's carbon dioxide emissions over the past half-century.[1] Without rapid decarbonization of business over the next few years, there is little hope for a habitable planet.
The resource-based view of the firm (RBV) has been one of the most successful theoretical approaches in the field of strategic management. Along with the five-forces model, it has achieved a dominance rarely seen in any academic domain. Moreover, its dominance extends to both research and teaching, where it is taught in nearly every required course on business strategy.
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