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
Question
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
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".
Similar Questions
What must strategic alliances do in order to create the foundation for a competitive advantage?Multiple choice question.form unique resource combinations that obey the VRIO criteriabuild core competencies based on the Boston Consulting Group matrixdisregard economies of scale and economies of scopeanalyze critical complementary assets
Assets have certain characteristics. Which of the following is not always a characteristic of an asset? Group of answer choices 1.Control 2.Economic benefit 3.Ownership 4.Reliable measurement
Assets that provide economic value to a business but do not have a physical presence are known as:Group of answer choicestransient assetsminor assets.low-profit assetsintangible assets PreviousNext
Which of the following is not a tangible asset?Multiple choice question.TruckLandPepsi trademarkOil reserves
What according to you can be a way through which you can identify a firm’s potential valuable resource?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.