VRIO Framework: Difference between revisions
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{{Learning concept | {{Learning concept | ||
|Description=A theoretical framework that explains and predicts firm-level competitive advantage. A firm can gain a competitive advantage if it has resources that are valuable (V), rare (R) and costly to imitate (I); the firm also must organize (O) to capture the value of the resources. | |Description=A theoretical framework that explains and predicts firm-level competitive advantage. A firm can gain a competitive advantage if it has resources that are valuable (V), rare (R) and costly to imitate (I); the firm also must organize (O) to capture the value of the resources. | ||
|Wikipedia reference=http://en.wikipedia.org/wiki/VRIO | |||
}} | }} | ||
Latest revision as of 20:25, 4 April 2014
Description
A theoretical framework that explains and predicts firm-level competitive advantage. A firm can gain a competitive advantage if it has resources that are valuable (V), rare (R) and costly to imitate (I); the firm also must organize (O) to capture the value of the resources.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/VRIO
Learning Material
Covered in Topic(s)
| Internal Analysis |