IDEAS home Printed from https://ideas.repec.org/a/bjc/journl/v11y2024i6p63-70.html
   My bibliography  Save this article

Utilization of Internal Analysis with the VRIO Framework and Development of Scale for Resource and Capabilities of Fashion and Design Organization

Author

Listed:
  • Agnes Odamea Larbi

    (Department of Fashion and Design, BlueCrest College, Accra, Ghana.)

  • Gladys Afumwaa Asare-Danquah

    (Department of Marketing, University of Professional Studies, Accra, Ghana)

  • Angela Akua Fosuah Ackah

    (Department of Fashion and Design, BlueCrest College, Accra, Ghana.)

Abstract

In this ever-changing world where things are not easily stable for a long time finding the source of competitive advantage has become an essential area in the research of strategic management especially in fashion and design organization. The VRIO framework is one of the methods frequently used in conducting internal analysis to find out the competitive advantage. However, this framework comes with its weaknesses such as its inability to be used to determine how strong the competitive advantage of the company can be managed by them. VRIO framework means that the resources have the following characteristics: value, rarity, inimitability, and organization. If the resources are valuable they may provide competitive equality. If they are also rare, they may provide current competitive advantage. If they are hard to imitate, they may provide sustainable competitive advantage, but only within the context that supports their effective and efficient usage. For that reason, the objectives of this paper are to create assessment scales to determine how well the resources or capabilities has been managed by the company in a VRIO framework. To elaborate on the utilization of VRIO scale, a case study in a Fashion and Design University was used.

Suggested Citation

  • Agnes Odamea Larbi & Gladys Afumwaa Asare-Danquah & Angela Akua Fosuah Ackah, 2024. "Utilization of Internal Analysis with the VRIO Framework and Development of Scale for Resource and Capabilities of Fashion and Design Organization," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(6), pages 63-70, June.
    • Handle: RePEc:bjc:journl:v:11:y:2024:i:6:p:63-70
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijrsi/digital-library/volume-11-issue-6/63-70.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijrsi/articles/utilization-of-internal-analysis-with-the-vrio-framework-and-development-of-scale-for-resource-and-capabilities-of-fashion-and-design-organization/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:ajn:abrjou:2018:p:9-14 is not listed on IDEAS
    2. Birger Wernerfelt, 1984. "A resource‐based view of the firm," Strategic Management Journal, Wiley Blackwell, vol. 5(2), pages 171-180, April.
    3. Widya Ariyani & Arief Daryanto & Sahara ., 2018. "Operationalization of Internal Analysis Using the VRIO Framework: Development of Scale for Resource and Capabilities Organization (Case Study: XYZ Company Animal Feed Business Unit)," Asian Business Research Journal, Eastern Centre of Science and Education, vol. 3, pages 9-14.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marina Dabić & Jane Maley & Leo-Paul Dana & Ivan Novak & Massimiliano M. Pellegrini & Andrea Caputo, 2020. "Pathways of SME internationalization: a bibliometric and systematic review," Small Business Economics, Springer, vol. 55(3), pages 705-725, October.
    2. Reypens, Lina & Bacq, Sophie & Milanov, Hana, 2021. "Beyond bricolage: Early-stage technology venture resource mobilization in resource-scarce contexts," Journal of Business Venturing, Elsevier, vol. 36(4).
    3. Gallagher, Ronan & Quinn, Barry, 2019. "Regulatory Own Goals: The Unintended Consequences of Economic Regulation in Professional Football," QBS Working Paper Series 2019/02, Queen's University Belfast, Queen's Business School.
    4. Gregor Langus & Vilen Lipatov, 2021. "Does Envelopment through Data Advantage Call for New Regulation?," CESifo Working Paper Series 8932, CESifo.
    5. Al-Gamrh, Bakr & Rasul, Tareq, 2024. "Recession-proof marketing? Unraveling the impact of advertising efficiency on stock volatility," International Review of Financial Analysis, Elsevier, vol. 92(C).
    6. Vanderstraeten, Johanna & van Witteloostuijn, Arjen & Matthyssens, Paul, 2020. "Organizational sponsorship and service co-development: A contingency view on service co-development directiveness of business incubators," Technovation, Elsevier, vol. 98(C).
    7. Peixu He & Yana Pei & Chunpei Lin & Di Ye, 2021. "Ambidextrous Marketing Capabilities, Exploratory and Exploitative Market-Based Innovation, and Innovation Performance: An Empirical Study on China’s Manufacturing Sector," Sustainability, MDPI, vol. 13(3), pages 1-21, January.
    8. M. Blomkvist & E. Liljeblom & A. Löflund & E. Redor, 2024. "Political Connections and Shareholder Support," Post-Print hal-04662505, HAL.
    9. Chui-Hua Liu & Gwo-Hshiung Tzeng & Po-Yen Lee, 2019. "Combined CFPR and VIKOR Model for Enhancing the Competencies of Domestic Chain Hotel Groups," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 18(03), pages 901-927, May.
    10. Miguel Perez‐Valls & Jose Cespedes‐Lorente & Juan Moreno‐Garcia, 2016. "Green Practices and Organizational Design as Sources of Strategic Flexibility and Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 25(8), pages 529-544, December.
    11. Jonathan H. Reed, 2022. "Operational and strategic change during temporary turbulence: evidence from the COVID-19 pandemic," Operations Management Research, Springer, vol. 15(1), pages 589-608, June.
    12. Witold Nowiński & Wanda Nowara, 2011. "Stopień i uwarunkowania internacjonalizacji polskich małych i średnich przedsiębiorstw," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 29-45.
    13. Akhtar, Muhammad & Haris, Muhammad & Naveed, Hafiz Muhammad & Rasool, Yasir & Al-Faryan, Mamdouh Abdulaziz Saleh, 2024. "Electricity shortfalls and financial leverage of listed firms in Pakistan," Utilities Policy, Elsevier, vol. 87(C).
    14. Díez, José Ignacio & Giannasi, Nadia & Scudelati, Mariela, 2022. "Redes, conocimientos y capacidades en el contexto de la industria del software. Análisis del caso Bahía Blanca [Network, knowledge and capabilities in the context of the software industry. Analysis," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 34(1), pages 137-154, December.
    15. Hang T. T. Nguyen & Hanh Song Thi Pham & Susan Freeman, 2023. "Dynamic capabilities in tourism businesses: antecedents and outcomes," Review of Managerial Science, Springer, vol. 17(5), pages 1645-1680, July.
    16. Zhongju Liao & Ping Liu & Ping Bao, 2024. "Environmental information disclosure, environmental innovation, and firms' growth performances: The moderating role of media attention," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(1), pages 425-437, February.
    17. Tolossa Fufa Gulema & Yadessa Tadesse Roba, 2021. "Internal and external determinants of corporate social responsibility practices in multinational enterprise subsidiaries in developing countries: evidence from Ethiopia," Future Business Journal, Springer, vol. 7(1), pages 1-19, December.
    18. Fumihiko Isada, 2021. "Changes in the International Network of Japanese Electronics Manufacturers," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 9(1), pages 47-62, May.
    19. Aron TOROK & Jozsef TOTH & Jeremias Mate BALOGH, 2018. "Networking theory of innovation in practice - The Hungarian case," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 64(12), pages 536-545.
    20. Fernando Cárdenas Echeverri & Andres García-Suaza & Juan Esteban Garzon Restrepo, 2023. "Revisiting the relationship between firm strategic capabilities and productivity in a multilevel analysis: Do labor market conditions matter?," Documentos de Trabajo 20641, Universidad del Rosario.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjc:journl:v:11:y:2024:i:6:p:63-70. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Renu Malsaria (email available below). General contact details of provider: https://rsisinternational.org/journals/ijrsi/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.