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Publication: Journal of Forest Products Business Research
Authors: 0
Reference ID: Volume 6, Article No. 3
Publish Year: 2009
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Title: Resource Usage Decisions and Business Success: A Case Study of Finnish Large- and Medium-sized Sawmills
This case study provides an operationalization of the resource-based view (RBV) by empirically analy zing the strategic resource usage decisions made in 16 Finnish large- and medium-sized (LM) sawmills, and by modeling their impact on the financial performance of these firms during the first decade of 2000. The perceived relative values of five tangible and six intangible resources for the operation of LMsawmills
were evaluated using the multi-criteria decision-making analy sis method that was combined with firm-level financial performance analysis. Based on the regression results, four intangible resource classes (“personnel”, “collaboration”, “technological know-how”, and “reputation and services”) and two tangible resource classes (“raw material” and “geographic location”) were found to be significant in explaining the business success of the 16 case sawmills. Although wood raw material is a basic resource, alone it does not create a basis for a sustained competitive
advantage within the case companies. In sustaining business success, other resources are crucial, too.

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