Question

The VRIO Framework is a tool used to analyze an organization’s internal resources and capabilities to discover if they can be a source of sustained competitive advantage. Briefly define each element of the VRIO Framework and apply the framework to a company’s actual resource or capability that results in sustained competitive advantage.

                                                                              

1.         Valuable        

                                                                                                                 

2.        Rare                                                                                    

3.        Imitability      

                                                                 

4.         Organization                         

Answer 1

SOLUTION:-

The VRIO framework reveals "assist competitive benefit. VRIO is a composition for a four query framework of value, rarity, imitability and organization.

* Value: Use human capital management information to employ and keep original, fruitful workers. These staff regularly make some of the most critical buyer commodities and services around the globe. If the worth is set up, move on in our VRIO analysis to rarity.

* Rarity: No other organizations are utilizing data-based staff management so considerably. Do people manage limited resources? Do people own something challenging to identify still in demand? With worth and rarity determined, our next obstacle is imitability.

* Imitability: Data-based human capital management is both expensive and not easy to imitate, at least for the future. Organizations have to create the software and fund in training their Human Resources employees on the innovative robotics and strategy. We present something worthwhile, rare and difficult to imitate, so currently, the center is on our organization.

* Organization: Google is managed to capture worth from this ability. The IT department has the creativity to have and handl the information. At the same time, HR and team heads guided on utilizing the information to employ, encourage, manage, and grow staff results. Our organization has attained the ultimate aim of sustained competitive benefit when it has dramatically found all four VRIO framework elements.