This lecture greatly expands upon the impact of VRIO and creating advantages to internal analysis. Learning on how to evaluate the resources and capabilities shows how to create a course of action that benefits the company. When specific attributes are met to VRIO, this shows to illustrate an understanding of a sustainable framework.
This video teaches me that the acronym VIRO represents Value, Rarity, Imitability, and Organization. A resource that meets all four requirements can provide a firm with a long-term competitive edge and help it stand out in the marketplace. Businesses looking to strategically identify and develop distinctive strengths can benefit from the VRIO framework. Many thanks for this video.
After watching this video I realized that the giro framework is very important iin the business world because it helps a company determine the usefulness of their resources and capabilities
This video helped me understand what VIRO really means which is Value, Rarity ,Imitability, Organization. which is valuable to a firm to increase its economic value.
VIRO is such a unique and helpful way for business. This video does a good job of showing an example in value, rarity, imitability, and organization and this allowed me to get a better understanding for each one.
I have learned , then to this video, that the vrio is really important for companies tv understand what are the resources that help the company to have more success and that give an advantage against the competitors. This tool is really important as an internal analysis and is fundamental for the success of a company.
I like how this explained how to use each part of the VRIO framework. I also liked how it gave a little history on it before going into details. I think the most informative for me was learning about was imitability. I knew that it could be a good competitive advantage but I did not realize that it could also grow more competition in the end.
I found learning about the VRIO framework to be very informative as a internal strategy for organizations to implement. Maintaining a competitive advantage is an important factor to take into consideration when examining a company's resources and capabilities. It is also important to me that the video explained the limitations that come along with this internal strategy. A company should look at all options available before making internal decisions that will have an impact on the company.
This video offers great insight to how businesses can evaluate their standing in the market and be a good way for an entrepreneur to judge on whether a new business venture could be successful.
I know I’m not the only one who didn’t know about the VRIO Framework until after watching this video :) thank you for always putting a lot of details in your videos, it helps us a lot.
After watching this video, I learned about the VRIO framework. It is important that companies produce products at a cost-effective price, which can result in higher selling margins. I also learned that it is important for companies to create a product that drives interest and immitation from competitors which will result in a higher demand for your product overall.
I think understanding the VIRO framework is paramount for companies to understand their own resources better so they can better understand where their company is going and how to get to their end goal. Dr. Barney really highlighted the longevity of a business and how the VIRO framework can help business owners understand how to last long in their marketplace.
This semester is full of a bunch of great videos, all the videos explain things really well and in depth. This video really teaches you how to analysis things, and be prepared.
This video does well explains the processes that businesses can use to find what they have that they can use to gain an advantage. This is super important to a businesses success and the understanding of this process is paramount to finding new ways to succeed. This video keeps the ideas easy to understand, which is very helpful. Great video, would recommend.
I enjoyed learning about the VRIO framework, I had never heard of it before. I remember learning about the SWOT analysis in a previous class and I see that this one has a couple similarities.
Most businesses should implement the VRIO framework into their organization. It's extremely beneficial and can help organizations realize where they need to improve and where they are succeeding.
This video was very interesting and informative, one thing that really stuck out to me was the VRIO Framework and how each category plays a role in giving organizations a sustained competitive advantage.
Value, rarity, imitability, and organization are good tools to know and use. I like the valuable aspect the most since it is what I keep in mind when speaking with customers. If it is something they value, then they are more likely to pay for it and I’m able to capture more of that value monetarily.
Once again a great video on something I had never heard about, I really like how this class teaches us about the real world and many things that apply to the class but in real life as well.
This is a pretty cool subject. It's essentially figuring out the firm's capabilities and limitations so you know which options/combinations are plausible. Important stuff for both figuring out what to do when starting a business, and then later on when products are not performing as well anymore.
A VRIO Framework allows a business to be successful for long periods of time. Some businesses which don't have a product that is hard to recreate or cannot take the value all in are going to make money for only a short period of time. Even though this plan will not always work forever, you can evolve a company when the market changes using this framework to continue keeping the advantage they previously had built. Prior to this class, I had never heard of a VRIO Framework, but I have already found ways to implement this into my current work.
It's interesting to have a conversation about this subject. It comes down to identifying the company's advantages and disadvantages in order to ascertain which combinations and alternatives have the best probability of succeeding. Important information for deciding what to do while starting a business and what to do later on when things are not performing as well as they used to.
This is a fairly interesting topic to talk about. It boils down to discovering the strengths and weaknesses of the company in order to determine which possibilities and permutations have a chance of success. Crucial information for determining what to do while beginning a firm as well as for determining what to do in the future when products are not functioning as well as they once did.
this video was really interesting. I was having trouble understanding this chapter at first by just reading it and this was helpful in understanding it.
The VRIO framework, after watching this video, I believe is one of the most important aspects for a company to consider when determining internal decision making. This video was very informative, and I learned a lot about what a company needs to offer to be successful.
It is interesting to me how many different strategies there are to analyze business. This is one I will likely not be able to use significantly in my goal of the mortuary field. While there is value and an amount of rarity in the preparation of remains, it is usually highly imitable. This leads to an increase in competition, especially in populated areas, where there can be several funeral homes within a similar distance.
Businesses can evaluate their internal resources and find possible competitive advantages by using the VRIO framework. Value, Rarity, Imitability, and Organization are the acronyms for VRIO. Businesses that perform well in each of these categories have a better chance of outperforming their rivals in the marketplace.
The VIRO framework, seems to be an important aspect of running a frim. Small businesses need advantages to help them stand out among 100s of other businesses in a city or town. The same can be said about large firms, and having a valuable or rare commodity in a firm, will help them have a competitive advantage in a market.
In this video, I learned VRIO framework which helps organization identify the resources and capabilities that give them sustained competitive advantage. V stands for value which basically means valuable resources enable a company to increase their economic value products. The R stands for Rare which means that a company needs have something rare to help them continue the business. I stands for imitability which means that resources is costly to imitate if firms do not have resources or buy resources for a reasonable price.
The VRIO framework helps businesses assess their internal resources to identify potential competitive advantages. VRIO stands for Value, Rarity, Imitability, and Organization. Companies that excel in all these areas are more likely to gain an edge over their competitors in the market.
VRIO is essential for companies in their strategic management department as it allows them to identify resources and capabilities that can give them a longer term advantage. This can also help to see where a company should build as it can have better strategies in different areas, such as better financials in an area with lower taxes.
The VRIO framework lets you take an internal look on your business and to find competitive advantage. VRIO stands for, Value, Rarity, Imitability and Organization. Companies that are strong in all these areas are most likely to be have advantage over other companies in their market.
Porter's Five Forces Model is an important tool for understanding the main competitive forces at work in an industry. This can help you to assess the attractiveness of an industry, and pinpoint areas where you can adjust your strategy to improve profitability.
By using the VRIO framework, companies can identify their key strengths and weaknesses, determine their competitive advantage, and develop strategies that leverage their resources. This ensures that companies have a comprehensive understanding of their internal resources and capabilities.
Some of the take aways I have on this video is that VIRO framework is a strategy tool that helps organizations identify the resources and capabilities that give them a competitive advantage to their competitors.
Video emphasized that these frameworks need to be updated every few years to align with cultural trends, which is crucial for maintaining long term business success.
I had no understanding of what VRIO framework meant. The video spelt out the meaning for VRIO, value, rarity, imitability, and organization. The limitation is that these frameworks have to change every 3 to 5 years for cultural trends. Staying up to date will help with the success of a business.
Your presentation while nice, seems to confuse products that companies posses as resources. The products are competing in the product market. The brand they have is a resource, not the product itself. Yes product portfolio coverage could be a resource advantage. RBV is an internal analysis. You are misguiding people with the way you explain. If this video is not viewed critically, people will take away a wrong interpretation of what Braney has tried to communicate. Please fix the issue.
Capturing value is huge in the business world! Great video explaining the Framework quickly!
This lecture greatly expands upon the impact of VRIO and creating advantages to internal analysis. Learning on how to evaluate the resources and capabilities shows how to create a course of action that benefits the company. When specific attributes are met to VRIO, this shows to illustrate an understanding of a sustainable framework.
This video teaches me that the acronym VIRO represents Value, Rarity, Imitability, and Organization. A resource that meets all four requirements can provide a firm with a long-term competitive edge and help it stand out in the marketplace. Businesses looking to strategically identify and develop distinctive strengths can benefit from the VRIO framework. Many thanks for this video.
After watching this video I realized that the giro framework is very important iin the business world because it helps a company determine the usefulness of their resources and capabilities
This video helped me understand what VIRO really means which is Value, Rarity ,Imitability, Organization. which is valuable to a firm to increase its economic value.
VIRO is such a unique and helpful way for business. This video does a good job of showing an example in value, rarity, imitability, and organization and this allowed me to get a better understanding for each one.
I have learned , then to this video, that the vrio is really important for companies tv understand what are the resources that help the company to have more success and that give an advantage against the competitors. This tool is really important as an internal analysis and is fundamental for the success of a company.
I like how this explained how to use each part of the VRIO framework. I also liked how it gave a little history on it before going into details. I think the most informative for me was learning about was imitability. I knew that it could be a good competitive advantage but I did not realize that it could also grow more competition in the end.
I found learning about the VRIO framework to be very informative as a internal strategy for organizations to implement. Maintaining a competitive advantage is an important factor to take into consideration when examining a company's resources and capabilities. It is also important to me that the video explained the limitations that come along with this internal strategy. A company should look at all options available before making internal decisions that will have an impact on the company.
This video offers great insight to how businesses can evaluate their standing in the market and be a good way for an entrepreneur to judge on whether a new business venture could be successful.
I know I’m not the only one who didn’t know about the VRIO Framework until after watching this video :) thank you for always putting a lot of details in your videos, it helps us a lot.
After watching this video, I learned about the VRIO framework. It is important that companies produce products at a cost-effective price, which can result in higher selling margins. I also learned that it is important for companies to create a product that drives interest and immitation from competitors which will result in a higher demand for your product overall.
I think understanding the VIRO framework is paramount for companies to understand their own resources better so they can better understand where their company is going and how to get to their end goal. Dr. Barney really highlighted the longevity of a business and how the VIRO framework can help business owners understand how to last long in their marketplace.
This semester is full of a bunch of great videos, all the videos explain things really well and in depth. This video really teaches you how to analysis things, and be prepared.
This video does well explains the processes that businesses can use to find what they have that they can use to gain an advantage. This is super important to a businesses success and the understanding of this process is paramount to finding new ways to succeed. This video keeps the ideas easy to understand, which is very helpful. Great video, would recommend.
This video helped show me how understanding and allocating every resource a company controls can give the company an advantage.
I enjoyed learning about the VRIO framework, I had never heard of it before. I remember learning about the SWOT analysis in a previous class and I see that this one has a couple similarities.
I don't believe I was introduced to the VRIO Framework until this video. It was very interesting and informative.
Most businesses should implement the VRIO framework into their organization. It's extremely beneficial and can help organizations realize where they need to improve and where they are succeeding.
This was a very informative video. I think the most valuable topic in this video is over VRIO framework.
This video was very interesting and informative, one thing that really stuck out to me was the VRIO Framework and how each category plays a role in giving organizations a sustained competitive advantage.
Value, rarity, imitability, and organization are good tools to know and use. I like the valuable aspect the most since it is what I keep in mind when speaking with customers. If it is something they value, then they are more likely to pay for it and I’m able to capture more of that value monetarily.
Once again a great video on something I had never heard about, I really like how this class teaches us about the real world and many things that apply to the class but in real life as well.
Great video. Incredibly useful for those wanting to create and run a successful business.
This is a pretty cool subject. It's essentially figuring out the firm's capabilities and limitations so you know which options/combinations are plausible. Important stuff for both figuring out what to do when starting a business, and then later on when products are not performing as well anymore.
A VRIO Framework allows a business to be successful for long periods of time. Some businesses which don't have a product that is hard to recreate or cannot take the value all in are going to make money for only a short period of time. Even though this plan will not always work forever, you can evolve a company when the market changes using this framework to continue keeping the advantage they previously had built. Prior to this class, I had never heard of a VRIO Framework, but I have already found ways to implement this into my current work.
In this video i learned what VRIO Framework means and how each one of them is important in their own way.
Thanks for this explanation. This is very useful for my project in my MBA class for strategy.
It's interesting to have a conversation about this subject. It comes down to identifying the company's advantages and disadvantages in order to ascertain which combinations and alternatives have the best probability of succeeding. Important information for deciding what to do while starting a business and what to do later on when things are not performing as well as they used to.
This is a fairly interesting topic to talk about. It boils down to discovering the strengths and weaknesses of the company in order to determine which possibilities and permutations have a chance of success. Crucial information for determining what to do while beginning a firm as well as for determining what to do in the future when products are not functioning as well as they once did.
Great video! It really explained internal analysis very well. This is really important for those who start their own business and are struggling.
this video was really interesting. I was having trouble understanding this chapter at first by just reading it and this was helpful in understanding it.
The VRIO framework, after watching this video, I believe is one of the most important aspects for a company to consider when determining internal decision making. This video was very informative, and I learned a lot about what a company needs to offer to be successful.
It is interesting to me how many different strategies there are to analyze business. This is one I will likely not be able to use significantly in my goal of the mortuary field. While there is value and an amount of rarity in the preparation of remains, it is usually highly imitable. This leads to an increase in competition, especially in populated areas, where there can be several funeral homes within a similar distance.
Businesses can evaluate their internal resources and find possible competitive advantages by using the VRIO framework. Value, Rarity, Imitability, and Organization are the acronyms for VRIO. Businesses that perform well in each of these categories have a better chance of outperforming their rivals in the marketplace.
The use of VRIO is an importance strategy/resource businesses should take advantage of when trying to best suit and benefit a given company.
The VIRO framework, seems to be an important aspect of running a frim. Small businesses need advantages to help them stand out among 100s of other businesses in a city or town. The same can be said about large firms, and having a valuable or rare commodity in a firm, will help them have a competitive advantage in a market.
In this video, I learned VRIO framework which helps organization identify the resources and capabilities that give them sustained competitive advantage. V stands for value which basically means valuable resources enable a company to increase their economic value products. The R stands for Rare which means that a company needs have something rare to help them continue the business. I stands for imitability which means that resources is costly to imitate if firms do not have resources or buy resources for a reasonable price.
The VRIO framework helps businesses assess their internal resources to identify potential competitive advantages. VRIO stands for Value, Rarity, Imitability, and Organization. Companies that excel in all these areas are more likely to gain an edge over their competitors in the market.
What I found interesting was how important the VRIO framework is to a company when making decisions.
VRIO is essential for companies in their strategic management department as it allows them to identify resources and capabilities that can give them a longer term advantage. This can also help to see where a company should build as it can have better strategies in different areas, such as better financials in an area with lower taxes.
The VRIO framework lets you take an internal look on your business and to find competitive advantage. VRIO stands for, Value, Rarity, Imitability and Organization. Companies that are strong in all these areas are most likely to be have advantage over other companies in their market.
Porter's Five Forces Model is an important tool for understanding the main competitive forces at work in an industry. This can help you to assess the attractiveness of an industry, and pinpoint areas where you can adjust your strategy to improve profitability.
Great video 👍
By using the VRIO framework, companies can identify their key strengths and weaknesses, determine their competitive advantage, and develop strategies that leverage their resources. This ensures that companies have a comprehensive understanding of their internal resources and capabilities.
The internal strategy of Vrio helps companies retain a competitive advantage and keep different aspects private to have a design for their business.
Very informative, I didn’t know there was another smartphone company. I am interested to see what they have.
Some of the take aways I have on this video is that VIRO framework is a strategy tool that helps organizations identify the resources and capabilities that give them a competitive advantage to their competitors.
Thank you Sir
well explained, thank youu
The VRIO framework shows us how to be successful in a business. It breaks down how important each component is for it to be functional business.
VRIO Framework gives you a better idea on ways to have success in your business. It give you a internal look on your business
Video emphasized that these frameworks need to be updated every few years to align with cultural trends, which is crucial for maintaining long term business success.
The VRIO framework demonstrates how to run a profitable firm. It outlines the significance of each component to the operation of the firm.
I had no understanding of what VRIO framework meant. The video spelt out the meaning for VRIO, value, rarity, imitability, and organization. The limitation is that these frameworks have to change every 3 to 5 years for cultural trends. Staying up to date will help with the success of a business.
thank you
thank tou
i hope i will pass my exam
I thought the VRIO frame work is an interesting concept to help companies.
Your presentation while nice, seems to confuse products that companies posses as resources. The products are competing in the product market. The brand they have is a resource, not the product itself. Yes product portfolio coverage could be a resource advantage. RBV is an internal analysis. You are misguiding people with the way you explain. If this video is not viewed critically, people will take away a wrong interpretation of what Braney has tried to communicate. Please fix the issue.