Question: In a VRIO test a competency is found to be valuable and rare, and the organisation benefits from the competency. However it is not inimitable.
In a VRIO test a competency is found to be valuable and rare, and the organisation benefits from the competency. However it is not inimitable. Does the competency provide competitive advantage?
a
Yes but only temporary competitive advantage at some stage competitors will copy the competency and so the firm will lose its advantage
b
No it provides parity with its competitors
c
No the cost of holding that competency put the firm at a disadvantage to its competiotrs
d
Yes sustainable competitive advantage it will enjoy an advantage for the foreseeable future
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
