Internal Analysis: The VRIO Framework | Strategic Management | From A Business Professor

The VRIO framework is a strategy tool that helps organizations identify the resources and capabilities that give them a sustained competitive advantage. As we know, companies possess various kinds of resources and capabilities. Such resources could be financial, human, organizational, physical, or technological in nature. The VRIO analysis is an internal analysis that helps determine the quality and usefulness of a firm’s resources and capabilities.
The VRIO framework was developed in 1991 by Dr. Jay Barney, a famous American professor and business scholar in strategic management.

[addieortman]

The VRIO framework, after watching this video, I believe is one of the most important aspects for a company to consider when determining internal decision making. This video was very informative, and I learned a lot about what a company needs to offer to be successful.

[christopherabeldt]

This video does well explains the processes that businesses can use to find what they have that they can use to gain an advantage. This is super important to a businesses success and the understanding of this process is paramount to finding new ways to succeed. This video keeps the ideas easy to understand, which is very helpful. Great video, would recommend.

[LauraYav-ucre]

I know I’m not the only one who didn’t know about the VRIO Framework until after watching this video :) thank you for always putting a lot of details in your videos, it helps us a lot.

[harleighwootton]

This semester is full of a bunch of great videos, all the videos explain things really well and in depth. This video really teaches you how to analysis things, and be prepared.

[robyrobinson]

This video helped show me how understanding and allocating every resource a company controls can give the company an advantage.

[chase]

Most businesses should implement the VRIO framework into their organization. It's extremely beneficial and can help organizations realize where they need to improve and where they are succeeding.

[BradenWheat]

A VRIO Framework allows a business to be successful for long periods of time. Some businesses which don't have a product that is hard to recreate or cannot take the value all in are going to make money for only a short period of time. Even though this plan will not always work forever, you can evolve a company when the market changes using this framework to continue keeping the advantage they previously had built. Prior to this class, I had never heard of a VRIO Framework, but I have already found ways to implement this into my current work.

[robertbing]

This was a very informative video. I think the most valuable topic in this video is over VRIO framework.

[maiyapena]

I don't believe I was introduced to the VRIO Framework until this video. It was very interesting and informative.

[J-rod_G]

Great video. Incredibly useful for those wanting to create and run a successful business.

[ryancurbo]

Value, rarity, imitability, and organization are good tools to know and use. I like the valuable aspect the most since it is what I keep in mind when speaking with customers. If it is something they value, then they are more likely to pay for it and I’m able to capture more of that value monetarily.

[jennifermartinez]

In this video i learned what VRIO Framework means and how each one of them is important in their own way.

[Yogahoe]

This is a pretty cool subject. It's essentially figuring out the firm's capabilities and limitations so you know which options/combinations are plausible. Important stuff for both figuring out what to do when starting a business, and then later on when products are not performing as well anymore.

[laurynblackwell]

Once again a great video on something I had never heard about, I really like how this class teaches us about the real world and many things that apply to the class but in real life as well.

[kylafranklin]

It's interesting to have a conversation about this subject. It comes down to identifying the company's advantages and disadvantages in order to ascertain which combinations and alternatives have the best probability of succeeding. Important information for deciding what to do while starting a business and what to do later on when things are not performing as well as they used to.

[tabithaparker]

This video was very interesting and informative, one thing that really stuck out to me was the VRIO Framework and how each category plays a role in giving organizations a sustained competitive advantage.

[darianthai]

Some of the take aways I have on this video is that VIRO framework is a strategy tool that helps organizations identify the resources and capabilities that give them a competitive advantage to their competitors.

[leahgriggs]

Great video! It really explained internal analysis very well. This is really important for those who start their own business and are struggling.

[nunya]

Thanks for this explanation. This is very useful for my project in my MBA class for strategy.

[brandonbryan]

This is a fairly interesting topic to talk about. It boils down to discovering the strengths and weaknesses of the company in order to determine which possibilities and permutations have a chance of success. Crucial information for determining what to do while beginning a firm as well as for determining what to do in the future when products are not functioning as well as they once did.