%0 Review article
%T Linking resource-based view with business economics of woodworking industry: earlier findings and future insights
%A Lähtinen, Katja
%D 2007
%J Silva Fennica
%V 41
%N 1
%R doi:10.14214/sf.312
%U https://silvafennica.fi/article/312
%X 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 competitiveness.  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 rather widely, while the role of intangible and tangible  resources in building firm-level success has received less focus. In  addition, a significant gap exists in linking firms’ financial  accounting information with empirical data on their resource-usage and  business strategies. In future studies, more information of the effects  of these strategic elements on the actual business success of the firms  would be needed.