Barney Flashcards
1
Q
What is the framework for barney
A
VRIO
2
Q
tangible resources
A
financial, physical, technological, organizational
3
Q
intangible resources
A
human, innovation and creativity, reputation
4
Q
capabilities
A
firm’s competences or skills the firm employs to transfer inputs and outputs
5
Q
What are the questions of the VRIO
A
the question of value, rareness, imitability, organization
6
Q
if the firm’s resources are not valuable
A
competitive disadvantage
7
Q
if the firms resources are valuable but not rare
A
competitive parity or equality
8
Q
if the firms resources are valuable, rare but imitable
A
temporary competitive advantage
9
Q
if the firms resources are valuable, rare, costly to imitate and organized
A
sustained competitive advantage
