How does the resource-based view answer the big question in global business:
"What determines the success and failure of firms around the globe?"
Successful firms that outperform others have developed valuable, rare, hard-to-imitate, organization-embedded resources and capabilities that their competitors lack. The VRIO framework mirrors the time honored SWOT analysis, which assesses the strengths, weaknesses, threats, and opportunities of a firm.
Managers who utilize and employ the firm's resources and capabilities will continue to gain success. A VRIO framework used as a tool in a firm's value chain analysis helps managers make decisions on what capabilities to focus on in-house and what to outsource. What really matters is not tangible resources that are easy to imitate but intangible capabilities that are more difficult for rivals to imitate.
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Residual income is used as a performance measure in
a. profit centers. b. cost centers. c. investment centers. d. revenue centers.
The trial balance may be listed on the work sheet instead of being prepared separately
Indicate whether the statement is true or false
Which of the following compares actual and baseline duration?
A) cost variance B) resource variance C) duration variance D) work variance
Would you invest in social impact bonds (SIBs)? Why or why not?
What will be an ideal response?