VRIO Framework Flashcards
1
Q
Valuable?
A
Ability to exploit external opportunities or offset external threat - increase value creation
2
Q
Durable?
A
Rate at which resource becomes obsolete/commoditised (rarity is part of durability)
3
Q
Hard to copy + non-substitutable?
A
Expensive to develop or procure at reasonable costs
4
Q
Organised to capture value?
A
Efficient organisational structure and coordinating system to recognise resource that contributes to core competencies
5
Q
Methods to defend and sustain core competency? (BPCSI)
A
Better expectation of future value, Path dependence, Casual ambiguity, Social complexity, IP protection
