University of Illinois Urbana-Champaign

Developing a Competitive Resource-Based View Strategy for Academic Libraries

Clark, Michael

Content Files
project_muse_858211.pdf

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https://hdl.handle.net/2142/121594

Description

Title
Developing a Competitive Resource-Based View Strategy for Academic Libraries
Author(s)
Clark, Michael
Issue Date
2022
Keyword(s)
academic library
Date of Ingest
2023-12-19T14:10:24-06:00
Abstract
Technological innovation and the information age have significantly impacted academic libraries’ roles in higher education. Patrons’ diverse needs require that academic libraries provide dynamic services and resources. Within resource constraints, academic libraries face the challenge of identifying and investing appropriately in specific resources that will effectively and efficiently meet patrons’ complex needs. Libraries have traditionally measured efficiency by developing single factor productivity indexes. However, these qualitative methods do not adequately address the efficiency aspect, which measures the transformation of resources (inputs) into services (outputs). Data envelopment analysis (DEA) measures the relative efficiencies of a decision-making unit with multiple inputs and outputs. The DEA methodology has been applied to libraries over the past twenty years. This paper proposes how to develop a competitive resource-based view strategy and data envelopment analysis evaluation model that faculty can employ to strengthen their libraries. The model is demonstrated by analyzing the efficiency of the Portland State University Branford Price Millar Library compared to its peer institution libraries and recommending resource-based strategies that will yield the greatest sustained competitive advantage.
Publisher
Johns Hopkins University Press and the Illinois School of Information Sciences, University of Illinois at Urbana-Champaign
Series/Report Name or Number
Library Trends 70 (3). Winter 2022
ISSN
0024-2594
Type of Resource
text
Genre of Resource
article
Language
eng
DOI
https://doi-org.proxy2.library.illinois.edu/10.1353/lib.2022.0006
Copyright and License Information
Copyright 2022 Board of Trustees of the University of Illinois

Owning Collections

Library Trends 70 (3) Winter 2022: Economic Cost and Efficiency Analyses of Academic Libraries PRIMARY
Library Trends 70 (3) Winter 2022: Economic Cost and Efficiency Analyses of Academic Libraries. Edited by Lewis G. Liu