Scribd Logo
Upload

Welcome to Scribd!

  • V R I O: Summary of Vrio Model

    Uploaded by

    John Nasty
    47 views7 pages
    The document summarizes the VRIO framework for analyzing a firm's internal resources and capabilities. It shows that resources/capabilities that are valuable, rare, costly to imitate, and the firm is organized around lead to sustainable competitive advantages. Resources/capabilities that lack these attributes result in either no advantage or temporary advantages. The document also provides examples of how various firm attributes like brand, innovation, and financial stability apply to the VRIO analysis.

    Original Description:

    Original Title

    iimc byjus 1

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document summarizes the VRIO framework for analyzing a firm's internal resources and capabilities. It shows that resources/capabilities that are valuable, rare, costly to imitate, and the firm is organized around lead to sustainable competitive advantages. Resources/capabilities that lack these attributes result in either no advantage or temporary advantages. The document also provides examples of how various firm attributes like brand, innovation, and financial stability apply to the VRIO analysis.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    47 views7 pages

    V R I O: Summary of Vrio Model

    Uploaded by

    John Nasty
    The document summarizes the VRIO framework for analyzing a firm's internal resources and capabilities. It shows that resources/capabilities that are valuable, rare, costly to imitate, and the firm is organized around lead to sustainable competitive advantages. Resources/capabilities that lack these attributes result in either no advantage or temporary advantages. The document also provides examples of how various firm attributes like brand, innovation, and financial stability apply to the VRIO analysis.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    SUMMARY OF VRIO MODEL

    Is it hard to Is the firm organized


    Is it valuable? Is it rare? What is the result?
    imitate? around?

    V R I O ?
    Competitive disadvantage

    Competitive parity

    Temporary competitive
    advantage

    Unused competitive advantage

    Sustainable
    Advantage
    VRIO ANALYSIS
    FOR BUSINESS
    COMPETITIVE
    VALUABLE RARITY COSTLY TO IMITATE ORGANIZATION
    IMPLICATION

    E-commerce Competitive parity

    Quality of service Competitive parity

    Brand & reputation Sustainable

    Distribution stability Competitive

    Financial stability Sustainable

    Innovation Competitive

    Customer service Competitive


    INIMITABILIT
    FEATURES VALUE RARE ORGANIZED COMPETITIVE IMPLICATIONS ECONOMIC IMPLICATIONS
    Y

    Unused competitive
    Feature 01 Yes No Yes Yes Above normal
    Advantage

    Sustainable competitive
    Feature 02 No No Yes Yes Normal
    Advantage

    Strong competitive
    Feature 03 No Yes Yes - Normal
    Advantage

    Unused competitive
    Feature 04 Yes Yes No Yes Not normal
    Advantage

    Sustainable competitive
    Feature 05 No Yes - No Above normal
    Advantage

    Strong competitive
    Feature 06 Yes No - - Normal
    Advantage
    DIRECT INDIRECT
    Create tangible suggestions for improvement Monitors company development

    Reveals potential Creates impact prognosis

    Evaluate alternative solutions Improves/strengthens competitive position

    Assesses strengths/improves weakness


    ADVANTAGES Encourages continuous improvement process

    Identifies performance deficits Reviews company strategies

    Compares corporate sectors & companies Determines company objectives

    Business analysis is systematic and neutral Improves understanding of business processes


    PROCESS PERFORMANCE
    PRODUCT STRATEGY

    BENCHMARKING TYPES

    INTERNAL EXTERNAL

    Business-oriented benchmarking Competitive benchmarking

    Group-oriented benchmarking Industry-oriented benchmarking

    Cross-industry benchmarking
    BENCHMARKIN
    G TIMELINE MONTH 01 MONTH 02 MONTH 03 MONTH 04 MONTH 05 MONTH 06

    KICK-OFF MILESTONE 01 MILESTONE 02


    project design answered questionnaires benchmark result

    Kick-off meetings

    Create & send questionnaires

    Partner answers questionnaire

    Verify data

    Review meeting

    Visit partners

    Final evaluation & interpretation

    Final conference
    PROCESSES Low Intermediate High

    EVALUATION Business perspective Compared to competitors Customer perspectives Process owner perspective

    CRITICAL SUCCESS FACTOR 1 2 3 1 2 3 1 2 3 1 2 3

    Influence on customer satisfaction

    Process competence

    Improvement potential

    Process differs from market

    Dependent on external factors

    Product

    Supply with resource and energy

    Location

    Costs

    Management qualities

    You might also like