What are the sources of Inimitability?

2021-02-17 john

What are the sources of Inimitability?

Terms in this set (4)

Physical uniqueness. these are resources that are physically unique, therefore impossible to duplicate.
Path dependency. a characteristic of resources that is developed and or accumulated through a unique series of events.
Causal ambiguity.
Social complexity.

What is the meaning of Inimitability?

Something that is inimitable is, literally, not able to be imitated. In actual usage the word describes things so uniquely extraordinary as to not be copied or equaled, which is why you often hear it used to praise outstanding talents or performances.

What does VRIN stand for?

Valuable, Rare, Inimitable and Non
The answer might lie in four letters: VRIN, which stands for “Valuable, Rare, Inimitable and Non-Substituable”. It’s a framework which was developed by Birger Wernerfelt in the 1980s, and it offers a powerful way to evaluate your value proposition in light of the competition.

What does non substitutable mean?

Non-substitutable It means that the resources can’t be substituted by any other available resources.

What makes resources valuable?

Strategic resources that are valuable or rare are valuable simply due to the relatively high cost of acquiring them (e.g., an airplane) or scarcity (e.g., diamonds). Competitors have a hard time replicating resources that are difficult to imitate .

What does the O in VRIO stand for?

VRIO is an initialism for the four question framework asked about a resource or capability to determine its competitive potential: the question of Value, the question of Rarity, the question of Imitability (Ease/Difficulty to Imitate), and the question of Organization (ability to exploit the resource or capability).

What does Emittable mean?

Adjective. emittable (not comparable) That can be emitted.

What is the difference between VRIO and VRIN?

VRIO is used for analyzing the situation inside the company. The value of resources is considered an advantage as it is able to give several beneficial opportunities. VRIN is useful in measuring the competitive power of capability or resources.

What is the O in VRIO?

VRIO is an acronym for valuable, rare, inimitable, and organization (as in owned by the organization).