Internal
Analysis
- Core Competencies
- Resource-Based View
VRIO FRAMEWORK
Helps organizations identify the resources and capabilities that
give them a sustained advantage.
THE VRIO FRAMEWORK
A valuable resource is one that enables the firm to exploit an external opportunity or offset an external
threat.
A resource is rare if only one or a few firms possess it.
A resource is costly to imitate if firms that do not possess the resource are unable to develop or buy the
resource at a reasonable price.
To fully exploit the competitive potential of its resources, capabilities, and competencies, a firm must be
organized to capture value – that is, it must have in place an effective organizational structure and
coordinating systems.
Source: Rothaermel (2017)
REFERENCES:
h t t p s : / / w w w. i n v e s t o p e d i a
.com/terms/c/core_comp
etencies.asp
https://onstrategyhq.com
/vrio/