I know I’m a year late, but you just saved my life as I was low-key about to fail my module on this and from this 14 min video I learnt more than a whole semester of uni lectures. Thank you
Resources are valuable when they enable the firm to implement strategy that improve firm efficient and effectiveness by exploiting opportunity or by mitigating treats that will either lead to increasing revenue or decreasing cost
Incredible video, perfect explanation. I learn from these videos instead of my lectures as you provide much more detailed information, explaining it way better than my lecturers do.
I am doing my Business strategy assignment and guess what !....This video made my understanding crystal clear about VRIO framework ..thanks from the UK..:) keep spreading knowledge...
Please upload similar informative videos frequently, you seem to have the resources and expertise to do so, it will be really helpful for MBA students like me, appreciation from India
Undoubtedly a talented person ( smart/great presentation skills /Right focus on the concepts and most importantly translating the frame work insights into practical examples ) . what i would love to see , is a video that capture the holistic strategic management approach ( which is hierarchal by definition, that allows the reader/listener to comprehend the approach and be able to use it as a reference. thanks for the invaluable effort
Thank you so much to Lars and B2U for well prepared presentation video. It helped me to understand PESTEL easier and willing to learn more about other topics. Excellent!!!
Thank you lars and B2U.. your videos are amazing... It helped me a lot preparing for my paper . Great job with the explaining and presentation. Will be waiting for more videos
Thank you for making simple yet very helpful discussion about strategic tools. I would like to ask a question about the difference between PESTEL, SWOT, CPM, Porter's 5 forces, VRIO, and McKinsey 7s Model. Advance Thank you!
Immense Thanks to generalize the million dollar concept into very comprehensive method. Like to see something more valuable case studies & critical live examples....
Can you do the types knowledge gaps in marketing research, and the 8 dimensions of quality . Please and thank you Edit : Can you talk about high volumes of stock and stock turnovers .
Great video having in-depth knowledge & easy to understand language,better than any video on this topic on TH-cam but I would suggest to be more regular with videos...You deserve more views for such videos...waiting for more
Thank you for the video it is great! Forgive me if this is a dumb question but in the analysis if the company you are analysing fails to be "Rare" for example, do i finish the analysis continuing onto the other sections as a hypothetical suggestion of how they could achieve a competitive advantage or do i just end it there with no it isn't rare?
🎯 Key Takeaways for quick navigation: 00:00 📊 *Introduction to Organizational Resources and Capabilities* - Discusses the importance of valuable, rare, hard to imitate, and organization-wide supported resources for competitive advantage. 00:32 🌐 *Shift from External to Internal Organizational Focus* - Highlights the shift from economic principles and industry dynamics to internal organization and firm resources. - Introduces the concept of resource-based view. 01:11 📘 *Jay Barney and the VRIO Framework* - Describes Jay Barney's development of the resource-based view and the introduction of the VRIO concept. - Explains the evolution from VRIN to VRIO framework. 01:38 🏢 *UnderstandingFirm Resources* - Defines firm resources and categorizes them into tangible and intangible resources. - Mentions physical, human, and organizational capital as classifications. 02:33 🌟 *The Four Qualities of the VRIO Framework* - Discusses the four necessary qualities of firm resources: valuable, rare, inimitable, and non-substitutable. - Explains how these qualities contribute to sustained competitive advantage. 03:28 💡 *Detailed Analysis of Each VRIO Quality* - Provides an in-depth look at each VRIO quality: valuable, rare, inimitable, and organization. - Uses examples to illustrate the application and importance of each quality. 10:25 📈 *Utilizing the VRIO Framework in Organizations* - Focuses on the organizational requirements to fully leverage the VRIO qualities. - Discusses how proper organization is essential for capturing true value from resources. 11:22 🔄 *The VRIO Framework as a Whole* - Reviews the VRIO framework's application and its implications for competitive advantage. - Emphasizes the need for continuous evaluation of resources using the framework. Made with HARPA AI
Great explanation. Can this framework be applied to NGOs and charities? If yes, what do we expect the resources to do? (Is it to deliver better services, or to prevent other organizations from interfering with your operations?)
Hi.. could you tell me about The Contradictions of strategy on a company.. I have a assignment.. i don't understand about.. if you know just tell me.. it'll help me🙂
2 years after its release this still the best explanation of the VRIO framework on TH-cam. Thank you, helped alot
Thanks for explaining VRIO simply in 14 minutes unlike my college teacher who cost two classes and still failed 👍🏻
I know I’m a year late, but you just saved my life as I was low-key about to fail my module on this and from this 14 min video I learnt more than a whole semester of uni lectures. Thank you
This video explains far better than my professor did in my master degree, succinct and clear... i should watch it earlier
I'm so glad i found this channel
Resources are valuable when they enable the firm to implement strategy that improve firm efficient and effectiveness by exploiting opportunity or by mitigating treats that will either lead to increasing revenue or decreasing cost
I am super glad that I found this channel. You are brilliant. Could you please please continue the chanel?
thank you my friend. now, i have a chance to pass my MBA exam. your channel has a sustainable competitive advantage
Your communication skills are amazing, like the way you speak and your gestures and body language.
It can be hard to find good educational videos, but you're videos are so easy to watch and follow!
Thank you! I hope you keep posting for us. xx
Incredible video, perfect explanation. I learn from these videos instead of my lectures as you provide much more detailed information, explaining it way better than my lecturers do.
Thank you! It helped me to understand the content easily. My professor taken 3hrs class but you done that successfully within 14.05 minutes!!
Thank you for explaining concepts so clearly and concisely. I truly enjoy listening to your educational talks! Thank you!
I am doing my Business strategy assignment and guess what !....This video made my understanding crystal clear about VRIO framework ..thanks from the UK..:) keep spreading knowledge...
This is absolutely wonderful. I am now able to tackle my paper for my Business Strategy class with a lot more confidence. Thank you, Lars.
same here
Waau! Why has it taken me so long to find you, your explanations are clear -- now I have confidence, I will do my assignment successfully.
Please upload similar informative videos frequently, you seem to have the resources and expertise to do so, it will be really helpful for MBA students like me, appreciation from India
You have explained it in a vey easy to understand manner. Thanks a lot.
best explanation of VRIO on youtube. it was really helpful. thanks a lot
Undoubtedly a talented person ( smart/great presentation skills /Right focus on the concepts and most importantly translating the frame work insights into practical examples ) .
what i would love to see , is a video that capture the holistic strategic management approach ( which is hierarchal by definition, that allows the reader/listener to comprehend the approach and be able to use it as a reference.
thanks for the invaluable effort
You are saving me from failing my strategy exam for real.
You are the best!!!, all your videos are very explanatory and you present it perfectly with calmness; thank you so much.
The clearest explanation, fabulous video and great support for my assignment
Very useful video thanks a lot
Thank you! Your explanation is better than my university professor
Thank you so much to Lars and B2U for well prepared presentation video. It helped me to understand PESTEL easier and willing to learn more about other topics. Excellent!!!
Such a brilliant way
Thank you so much from Egypt 👍
I studied it with UOA during Bsc, but it was so complex for me to understand it.
Wish you comeback and continue publishing more.
Thank you for the great explanation. I think it's time to upload new lessons to your channel.
Great explanation mate helped me a lot for my exams
I hope to see more videos from this channel in the future
Very helpful, thank you very much. We need more of such videos from your channel. 👍🏾👍🏾👍🏾
Bravo ! What a lucid explanation.
Please, continue making new videos.
You are simply brilliant!
Thank you very much for your explanation. next, I will expect a video on McKinsey 7S Framework.
Clear explanation with examples. Thanks a lot.
Great video - One of the best on VRIOs I've seen. Thanks :)
Thank you lars and B2U.. your videos are amazing... It helped me a lot preparing for my paper . Great job with the explaining and presentation. Will be waiting for more videos
Thank you for explaining nicely a complicated topic. 👍
your explanation concepts well understand and clearly. thank you
Learned a lot from the video. Thank you so much.
Kudos! brilliant explanation
Thank you for making simple yet very helpful discussion about strategic tools. I would like to ask a question about the difference between PESTEL, SWOT, CPM, Porter's 5 forces, VRIO, and McKinsey 7s Model. Advance Thank you!
I like it, I'm learning some project management courses, and this video was very helpful in supporting me understanding VRIO concept.
Immense Thanks to generalize the million dollar concept into very comprehensive method. Like to see something more valuable case studies & critical live examples....
Very good video, thank you for helping us learn. I will be back to watch more!
These videos are great! I hope there will be more to come.
Your videos are too good 👌 Hearty congratulations to you and your team 👏👏
Great explanation of the the VRIO Framework and how this actually works! Look forward to the value chain analysis video.
Thank u lars....u made it easier for me😊....
You are an excellent teacher!!!! thank you so much x
Thanks for this valuable video, really appreciate your great efforts
Can you please produce more videos .. thanks
Superb of the VRIO model.
How does the organization make it's resources aligned to the VRIO?
Thanks Lars, really informative video.
Never heard about this framework ! High quality content. New Video Idea could be the SWOT analysis. Would love to see ur take on this one !
Please upload videos often. I like how u explain. BTW you didn't share the Value Chain Analysis yet.
Continue with the channel pleasee
Just passed the Strategy exam with u! Hug!
That great to hear Michael! Congrats! :)
very clear explanation, thank you
I enjoyed watching.
Can you do the types knowledge gaps in marketing research, and the 8 dimensions of quality .
Please and thank you
Edit : Can you talk about high volumes of stock and stock turnovers .
Well explained am waiting for more videos 📹 👏 👌
I find it's a good explanation. Well done and carry on with other common frameworks
thank you for your explaining trade theories. Please produce more new videos. You save my life 😂
welldone Lars very good at explaining :)
Thank you for this!
Clareou as ideias sobre a metodologia Vrio
Thank you so much Lars .
Thank you. Very enlightening
This video help me a lot, thank you so much!!!!!!!
Great video having in-depth knowledge & easy to understand language,better than any video on this topic on TH-cam but I would suggest to be more regular with videos...You deserve more views for such videos...waiting for more
very well explained.
great vid mate, well done!
great explaination
This is helping me with my MBA
hi there, can you make a video on Ansoff matrix and Servqual , would be great addition. and thanks for amazing content
A fantasic presentation
Thank you for the video it is great! Forgive me if this is a dumb question but in the analysis if the company you are analysing fails to be "Rare" for example, do i finish the analysis continuing onto the other sections as a hypothetical suggestion of how they could achieve a competitive advantage or do i just end it there with no it isn't rare?
🎯 Key Takeaways for quick navigation:
00:00 📊 *Introduction to Organizational Resources and Capabilities*
- Discusses the importance of valuable, rare, hard to imitate, and organization-wide supported resources for competitive advantage.
00:32 🌐 *Shift from External to Internal Organizational Focus*
- Highlights the shift from economic principles and industry dynamics to internal organization and firm resources.
- Introduces the concept of resource-based view.
01:11 📘 *Jay Barney and the VRIO Framework*
- Describes Jay Barney's development of the resource-based view and the introduction of the VRIO concept.
- Explains the evolution from VRIN to VRIO framework.
01:38 🏢 *UnderstandingFirm Resources*
- Defines firm resources and categorizes them into tangible and intangible resources.
- Mentions physical, human, and organizational capital as classifications.
02:33 🌟 *The Four Qualities of the VRIO Framework*
- Discusses the four necessary qualities of firm resources: valuable, rare, inimitable, and non-substitutable.
- Explains how these qualities contribute to sustained competitive advantage.
03:28 💡 *Detailed Analysis of Each VRIO Quality*
- Provides an in-depth look at each VRIO quality: valuable, rare, inimitable, and organization.
- Uses examples to illustrate the application and importance of each quality.
10:25 📈 *Utilizing the VRIO Framework in Organizations*
- Focuses on the organizational requirements to fully leverage the VRIO qualities.
- Discusses how proper organization is essential for capturing true value from resources.
11:22 🔄 *The VRIO Framework as a Whole*
- Reviews the VRIO framework's application and its implications for competitive advantage.
- Emphasizes the need for continuous evaluation of resources using the framework.
Made with HARPA AI
Superb explanation! could you please also make videos explaining ADL, Ansoff and GE Matrix?
Thanks Devavrat! Great suggestions, you could already have a look at our video on BCG Matrix which is quite similar in purpose to the GE Matrix.
Can you do a video for a Brand Identity PRISM. really appreciate it if you can do for a BRA product
Great explanation.
Can this framework be applied to NGOs and charities?
If yes, what do we expect the resources to do? (Is it to deliver better services, or to prevent other organizations from interfering with your operations?)
This is great!!
Very nice.
Great Video ,, thank you alot
you are best of best
Thanks big time
Thank you! Helpful
Perfect. 👌👌👍
Am I wrong to say that a firm can actually use the VRIO framework during the Value Chain Analysis?
lekker bezig ouwe, top!
thank you
Can you please make a video on Business Model Canvas. Great Presentation skills.
Thanks for the suggestion! :)
May I get your website that is full all topics !!
Is this used at the SBU level since it is about finding and maintaining sustained competitive advantage?
That is correct, the VRIO Framework is part of Business Strategy as opposed to Corporate Strategy frameworks like the BCG Matrix.
Plz make vedio about SWOT Analysis & 7P's Market Mix
Plz add arabic sub from captions on all playlist
Thx bro interesting
Hi.. could you tell me about The Contradictions of strategy on a company.. I have a assignment.. i don't understand about.. if you know just tell me.. it'll help me🙂