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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. Physical capital resources Organizational capital resources Human capital resources. What are these?. Human recourse

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Barney and Wright, 1997

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  1. Barney and Wright, 1997 VRIO --This article was also published at: Human Resource Management, Spring 1998, Vol. 37, No. 1, Pp. 31–46.

  2. Three resources in the firm • Physical capital resources • Organizational capital resources • Human capital resources

  3. What are these? • Human recourse • HR system • HR function

  4. The VRIO framework • The question of “Value” • The question of “Rareness” • The question of “Imitability” • The question of “Organization”

  5. 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

  6. Implications for HR Executives • 1. Understand the Value of People in the Firm and Their Role in Competitive Advantage

  7. Implications for HR Executives • 2. Understand the Economic Consequences of the Human Resource Practices in a Firm

  8. Implications for HR Executives • 3. Understand How the Human Resources and Human Resource Practices in a Firm Compare to Those in Competing Firms

  9. Implications for HR Executives • 4. Understand the Role of the Human Resources Function in Building Organizational Capability for the Future

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