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Al-nashir Bandali, United Kingdom
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Barney Changed VRIN into VRIO
Barney developed the VRIN framework (1991) to VRIO. The "O" stands for the Organisation's capability to support and deliver the "Valuable", "Rare" and "In-imitable" resource.
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Warren Miller, CPA, CFA
Strategy Consultant, United States
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VRIN --> VRIO --> VRINO
To bridge the small gap between VRIN and VRIO, we have taken to calling it VRINO in our written work and discussions with clients.
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Hawkins
Manager, United Kingdom
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VRIN morphes into VRIO
As Barney refocussed the VRIN framework to become the VRIO he has not diminished the original model, because he now encapsulated the issue of substitutes (N) in the I part of the framework.).
Essentially however, if the organisation is not capable of exploiting the resources in terms of ricardian rents (grant) and preventing the leeching of value (Porter), then the organisations management whose role is one of co-ordinating resources in pursuit of capability (Penrose) is not organisationally fitted to exploite the VRI-part of the framework.
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Warren Miller, CPA, CFA
Strategy Consultant, United States
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What is meant with the leeching of value by Porter?
@Hawkins : can you please explain what you have in...
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