Question: Match the following elements with their best - fitting VRI / NO framework criteria: Prompt 1 Example: When a technology firm buys a patent but
Match the following elements with their bestfitting VRINO framework criteria:
Prompt Example: When a technology firm buys a patent but doesn't know how to generate value from it
Answer for prompt Example: When a technology firm buys a patent but doesn't know how to generate value from it
Prompt Amounts to the raw importance of something the firm possesses, irrespective of what rivals might possess
Answer for prompt Amounts to the raw importance of something the firm possesses, irrespective of what rivals might possess
Prompt Example: If a firm possesses a resource that is a combination of numerous parts that fit together seamlessly as a part of an ecosystem eg Toyota's Production System
Answer for prompt Example: If a firm possesses a resource that is a combination of numerous parts that fit together seamlessly as a part of an ecosystem eg Toyota's Production System
Prompt despite its value, jet fuel does NOT pass this test of the framework
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