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Sagot :
According to the VRIO framework, in order for a firm to gain a temporary competitive advantage, a resource must be at least both Valuable and rare.
Which of the following is a part of the VRIO framework?
- A four-pronged review of an organization's resources and long-term success indicators is provided by the VRIO Framework.
- It emphasizes Value, Rarity, Imitability, and Organization as its four key objectives.
What does VRIO framework?
- The abbreviation VRIO stands for a four-question framework that considers value, rarity, imitability, and organization when assessing an organization's capabilities and resources.
What is value in VRIO framework?
- Value, rarity, imitability, and organization are all letters in the acronym VRIO.
- Businesses must examine each resource in the internal value chain to determine its worth, rarity, uniqueness, and organization.
Learn more about VRIO framework here:
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