resources and organization (VRIO) resources or valuable‚ rare‚ inimitable resources (VRI) capabilities: What leads to competitive advantage? Nuno Cardeal1* and Nelson António2 1 Católica-Lisbon School of Business Economics‚ Universidade Católica Portuguesa‚ Palma de Cima‚ Lisbon‚ Portugal. 2 ISCTE-IUL Lisbon‚ Av. Forças Armadas‚ Lisbon‚ Portugal. Accepted 13 July‚ 2012 The resource-based view (RBV) argues that valuable‚ rare‚ inimitable resources and organization (VRIO) lead to competitive
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competitive performance. It seeks to enhance the contribution of the widely diffused value-rarity-imitability-organisation (VRIO) model to practical strategy making. Design/methodology/approach – The paper draws on the resource-based literature to assemble an integrated set of steps that evaluate a firm’s resources and competence. Findings – The paper proposes an expanded version of the VRIO model that represents resource and competence as a conditional outcome from attributes and asymmetries present in
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1.0Introduction Pfizer Inc. (Pfizer) a research-based‚ international biopharmaceutical company. Nevertheless‚ it is the largest world drug organisation as well as the top-selling drug in the world in 2011. There is five segments for Pfizer Inc. to supervise its procedures which are Primary Care;Oncology and Special care‚ Emerging markets and Establish products; Consumer healthcare and Animal health and Nutrition Moreover‚ Pfizer freeze its position as one of the most diversified oranisation in the
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2/22/2013 The Value Chain Strategic Management • Value Chain – Value chain is a convenient way of looking at the firm’s activities Introducing Strategy Management – The functional activities within the firm that create value in the goods and services produced (Basic Concepts of Strategic Management) Lecture 3 21.2.2013 – Value chain: all the activities that a firm uses to design‚ produce‚ market‚ deliver‚ and support its product Dr. Kayhan Tajeddini Associate Professor
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biology and immunology‚ hence the new field of R&D is called “biotechnology”. Nucleons first product is CRP-1 (cell regulation ein-1) and after several years of experimentation the time was ready for human clinical trials‚ which was not going to be an easy hurdle to get over. Due to the fact that Nucleon did not have any manufacturing facilities which met the FDA requirements they had to figure out how to jump over the hurdles presented. One potion was to contract clinical manufacturing to an outside
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Short term‚ Long Term and Medium term objective (August 02‚ 2006 http://www.smallbusiness.co.uk/channels/start-a-business/q-and-a/27759/short-mediumand-longterm-objectives.thtml (Assessed on 3rd June 2010) Scott Gallagher (2004)‚ Internal Analysis (VRIO) (1st Nov‚ 2007) http://falcon.jmu.edu/~gallagsr/WDFPD-Internal.pdf (Assessed on 3rd June 2010) Bernard Jaquier‚ Resource- Based View of the firm (RBV) http://www.ecofine.com/strategy/RBV%20of%20the%20firm.htm (Assessed on 3rd June 2010) PEST Analysis
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Apple Inc Introduction Apple Inc is an American multinational organization located in 1 infinite loop‚ Cupertino‚ California 95014‚ in the middle of the Silicon Valley. It is focused on designing and developing the personal computers‚ other related software products‚ and the electronic products such as MP3 players and iPods. Apple Inc’s main products are iMac‚ iPod‚ iPhone‚ and its latest advanced product is iPad‚ which is on the verge of creating another revolution after iPhone. Apple Inc was
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Ryanair – the low-fares airlines Case Study By Sid Hegde Ryanair – the low-fares airline Table of Contents Q1. Why has Ryanair been successful thus far?..................................................................3 Q2. Is Ryanair ’s strategy sustainable?..................................................................................4 Q3. Would you recommend any changes to Ryanair ’s approach?.......................................5 Q4. Should Ryanair continue to pursue the Aer
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standard case on resources and capabilities and how they contribute to sustainable competitive advantage. This case works well as a first case on resources and competitive advantage. It can Objectives 1. Students gain experience in applying the VRIO framework‚ particularly issues around imitation and sustainability. 2. Students will explore issues surrounding how firms exploit existing advantages in new markets. 3. Students are introduced to challenges that firms face in developing new capabilities
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Entry into Foreign Market Rusty Buchanan International Business Environment: ITB305 Professor Ernesto J Saborio Strayer University 05 May 2013 Entry into Foreign Market Doing business on your own soil is challenging in itself‚ let alone in a foreign market. Initially a firm is at a disadvantage due to the liability of foreignness (Peng‚ 2011). The differences in regulations‚ languages‚ cultures‚ norms‚ and currency can make simple business transactions very daunting. A firm must do intensive
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