According to the VRIO framework, in order for a firm to gain a temporary competitive advantage, a resource must be at least both ______.

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05-07-2022
Business

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According to the VRIO framework, in order for a firm to gain a temporary competitive advantage, a resource must be at least both ______.

Sagot :

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Tutorconsortium311 Tutorconsortium311 · Answer 1 · 2022-07-16T07:23:30-04:00

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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According to the VRIO framework, in order for a firm to gain a temporary competitive advantage, a resource must be at least both ______.

Sagot :

Which of the following is a part of the VRIO framework?

What is value in VRIO framework?

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