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Select Any One Of the Following Options: Which of the following characteristics define strategic assets as VRIN?Visionary, Robust, Integrated, NimbleValuable, Readable, Inexpensive, NoteworthyVersatile, Resourceful, Insightful, NoteworthyValuable, Rare, Inimitable, Non-substitut

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Select Any One Of the Following Options: Which of the following characteristics define strategic assets as VRIN?Visionary, Robust, Integrated, NimbleValuable, Readable, Inexpensive, NoteworthyVersatile, Resourceful, Insightful, NoteworthyValuable, Rare, Inimitable, Non-substitut

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Solution

The correct answer is "Valuable, Rare, Inimitable, Non-substitutable". These are the characteristics that define strategic assets as VRIN according to the resource-based view of the firm.

Step 1: Understand the question. The question is asking for the correct set of characteristics that define strategic assets as VRIN.

Step 2: Review the options. The options given are "Visionary, Robust, Integrated, Nimble", "Valuable, Readable, Inexpensive, Noteworthy", "Versatile, Resourceful, Insightful, Noteworthy", and "Valuable, Rare, Inimitable, Non-substitutable".

Step 3: Recall the definition of VRIN. VRIN stands for Valuable, Rare, Inimitable, and Non-substitutable. These are the characteristics that a resource must have in order to provide sustainable competitive advantage.

Step 4: Match the correct option. The only option that matches the definition of VRIN is "Valuable, Rare, Inimitable, Non-substitutable".

Therefore, the correct answer is "Valuable, Rare, Inimitable, Non-substitutable".

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