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Barney and Wright, 1997. VRIO. --This article was also published at: Human Resource Management , Spring 1998, Vol. 37, No. 1, Pp. 31–46. Three resources in the firm. Physical capital resources Organizational capital resources Human capital resources. What are these?. Human recourse

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barney and wright 1997

Barney and Wright, 1997

VRIO

--This article was also published at: Human Resource Management, Spring 1998, Vol. 37, No. 1, Pp. 31–46.

three resources in the firm
Three resources in the firm
  • Physical capital resources
  • Organizational capital resources
  • Human capital resources
what are these
What are these?
  • Human recourse
  • HR system
  • HR function
the vrio framework
The VRIO framework
  • The question of “Value”
  • The question of “Rareness”
  • The question of “Imitability”
  • The question of “Organization”
implications for competitive advantage
Implications for Competitive Advantage
  • Sustainable Competitive Advantage Stems from Firm-Specific More Than General Skills
  • Sustainable Competitive Advantage Comes from Teams More Than from Individuals
  • Sustainable Competitive Advantage Stems from HR Systems More Than from Single HR Practices
implications for hr executives
Implications for HR Executives
  • 1. Understand the Value of People in the Firm and Their Role in Competitive Advantage
implications for hr executives1
Implications for HR Executives
  • 2. Understand the Economic Consequences of the Human Resource Practices in a Firm
implications for hr executives2
Implications for HR Executives
  • 3. Understand How the Human Resources and Human Resource Practices in a Firm Compare to Those in Competing Firms
implications for hr executives3
Implications for HR Executives
  • 4. Understand the Role of the Human Resources Function in Building Organizational Capability for the Future