Whole Food’s Core Competences and VRIO essay Write 2 pages essay about Whole Food’s Core Competences and VRIO. (Valuable, Rare, Imitation Costly, Organized to capture value)
What is VRIO
Helps exploit an opportunity or offset a threat
Only one or a few firms possess it
Costly to Imitate if:
Competitors cant develop the resource for a reasonableprice
The firm is organized to capture value through:
Effective organizational structure and coordinating systems
The VRIO Framework
Tool for evaluating firm resource endowments
To be the basis of a competitive advantage, resources must be:
Costly to Imitate, and the firm must be
Organized to capture the value of the resource
According to this model, a firm can gain and sustain a
competitive advantage only when it has resources that
satisfy all of the VRIO criteria.
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