How does resource$-$based theory contribute to our understanding of competitive advantage in business management? Explore the key premises of this theory and discuss how it addresses the sustainability of competitive advantage over time. Additionally, analyze how the resource$-$based view $($RBV$)$ differs from other theories of competitive advantage, such as Porter's Five Forces, and evaluate its applicability across various industries and organizational contexts. In your answer, consider the implications of RBV for strategic decision$-$making and resource allocation within firms, highlighting its potential strengths and limitations in guiding managerial actions.