The VRIO Framework of Competitive Advantage: Preliminary Research Implications for Organizational Innovations as Drawn from a Project Management Study
نویسنده
چکیده
Inventions, innovations, and creativity are cornerstones of technology-based industries. Organizations working in technology-intensive industries must constantly balance creativity with order and innovation with efficiency. In this paper, I focus on organizational innovations as potential sources of competitive advantage. Strategic assets can be assessed with the VRIO framework. Strategic assets are “Valuable” (important), “Rare” (unique), “Inimitable” (hard to copy), and involve an “Organizational Focus” (VRIO). I am currently using the VRIO framework to assess project management as a source of competitive advantage. The approach I am using to assess project management can be applied to research on organizational innovations. The paper discusses the appropriate use of innovation dimensions, the use of innovation process performance as the dependent variable, and the selection of independent variables. The paper is relevant to innovation researchers interested in using the Resource Based View lens to study organizational innovations as a source of competitive advantage.
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