Applying the VRIO Framework “Character. Intelligence. Strength. Style. That makes beauty.” – Diane Von Furstenberg Before we get into the nitty gritty, VRIO stands for (V)alues, (R)arity, (I)mitability, and (O)rganization. These four ideas are often brought together and analyzed under a single framework to better understand the return potential associated with exploiting any of aContinue reading “Ch. 5: Evaluating Firm Strengths and Weaknesses – The Resource-Based View”
Category Archives: Part I
Ch. 4: Evaluating Environmental Opportunities
Strategic Groups Analysis of Environmental Threats and Opportunities Identifying groups in an industry can significantly improve the quality of analysis when determining what threats and opportunities a firm might face when those groups are strategic, real, and meaningful. A strategic group is a set of firms that face similar threats and opportunities that are differentContinue reading “Ch. 4: Evaluating Environmental Opportunities”
Ch. 3: Evaluating Environmental Threats
Another Industry Force: Complementors “Your wardrobe should complement your skill set, never detract – or distract – from your assets.” – Nina Garcia Professors Adam Brandenburger and Barry Nalebuff consider one firm to be a “complementor” of another firm if your customers value your products more when they have this other firm’s product than whenContinue reading “Ch. 3: Evaluating Environmental Threats”
Ch. 2: Firm Performance and Competitive Advantage
Stores + Sites = Strength in Numbers If you’re unfamiliar with Nordstrom, Inc. and the way the company operates, its strategy might surprise you. During such a time as this, more and more people are shopping online from the comfort of their home without ever stepping foot in brick-and-mortar retail stores. However, Nordstrom is breakingContinue reading “Ch. 2: Firm Performance and Competitive Advantage”
Styled Strategy 