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”
Tag Archives: retail
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 