The VRIO framework offers a tool for assessing the external forces at play in an industry. Group of answer choices True False
The VRIO framework offers a tool for assessing the external forces at play in an industry. Group of answer choices True False
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
The VRIO framework offers a tool for assessing the external forces at play in an industry.
Group of answer choices
True
False
Expert Solution

Step 1
VRIO Analysis is an analytical procedure best for the evaluation of an organization's resources & accordingly the competitive advantage. VRIO - acronym from its initials of the words of the evaluation aspects are represented as:
VIRO -
- Value,
- Rareness,
- Imitability,
- Organization.
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