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.
Dennison Amara 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 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.
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.
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.
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 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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Dennison Amara
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 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.
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.
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.
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 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 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.
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.
This video helped show me how understanding and allocating every resource a company controls can give the company an 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.
I don't believe I was introduced to the VRIO Framework until this video. It was very interesting and informative.
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.
This was a very informative video. I think the most valuable topic in this video is over VRIO framework.
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.
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.
In this video i learned what VRIO Framework means and how each one of them is important in their own way.
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.
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.
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.
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.
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.
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.
Thanks for this explanation. This is very useful for my project in my MBA class for strategy.
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.
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.
What I found interesting was how important the VRIO framework is to a company when making decisions.
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.
VRIO Framework gives you a better idea on ways to have success in your business. It give you a internal look on your business
The internal strategy of Vrio helps companies retain a competitive advantage and keep different aspects private to have a design for their business.
The VRIO framework demonstrates how to run a profitable firm. It outlines the significance of each component to the operation of the firm.
Very informative, I didn’t know there was another smartphone company. I am interested to see what they have.
Great video 👍
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.
well explained, thank youu
Thank you Sir
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.