interfoto picture library ltd v stiletto visual programmes ltd 1989 qb 433
Interfoto Picture Library Ltd v Stiletto Visual Programmes Ltd Interfoto Picture Library Ltd v Stiletto Visual Programmes Ltd [1987] EWCA Civ 6 is an English contract law case on onerous clauses and the rule of common law that reasonable notice of them must be given to a contracting party in order that they be effective. It also addressed, but did not decide, the position of onerous clauses as disguised penalties (which are ineffective at common law).
Resource-based view During the 1990s, the resource-based view (also known as the resource-advantage theory) of the firm became the dominant paradigm in strategic planning. RBV can be seen as a reaction against the positioning school and its somewhat prescriptive approach which focused managerial attention on external considerations, notably industry structure. The so-called positioning school had dominated the discipline throughout the 1980s. In contrast, the emergent resource-based view argued that the source of sustainable advantage derives from doing things in a superior manner; by developing superior capabilities and resources. Jay Barney's article, "Firm Resources and Sustained Competitive Advantage" (1991), is seen as pivotal in the emergence of the resource-based view.[1]