Imperfectly imitable definition

Imperfectly imitable means that the competitors cannot get the resources by purchasing, so dependence on historical circumstances and social complexity make the resource base of the firm quite unique;

Examples of Imperfectly imitable in a sentence

  • Concerning the nature of strategic resources, Barney (1991) proposed four characteristics of resources and capabilities to obtain sustained competitive advantage: Valuable, Rare, Imperfectly imitable and Non substitutable (so-called VRIN).

  • Imperfectly imitable indicates that a resource is complicated in nature and hard to substitute or duplicate (Barney, 1991, 2002).

  • The VRIO framework represents the features that make a competitive advantage; and stands for: Valuable, Rare, Imperfectly imitable and Organized.

  • Imperfectly imitable is an important factor in the theory as CA can only be gained if a resource cannot be obtained by other firms and they also do not currently possess them (Barney, 1991).

  • Imperfectly imitable is a resource substantially costly to obtain or develop for competing firms.

  • At that time, Mrazek owed the Bank more than $3,000,000 in loans.

  • These are only few papers regarding the target price accuracy, though we’ll come back to the analysis of the prior research in these field in the following chapters.

  • Barney (1991) highlighted that the sustained competitive advantage of a firm is based on its Valuable, Rare, Imperfectly imitable and Non-substitutable resources (VRIN).

  • Imperfectly imitable resources are those resources or combination of resources that the competitor cannot posses.

  • In the digital world of open innovation and cloud computing, practically everyone has access to cutting-edge software and virtually unlimited amounts of storage and computing power, and therefore such resources are not sources of competitive advantage.3. Imperfectly imitable.

Related to Imperfectly imitable

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  • Counterfeit Part means (1) An unauthorized copy, imitation, substitute, or modified part, which is knowingly misrepresented as a specified genuine part of the manufacturer. (2) Or a previously used Electrical, Electronic, and Electromechanical (EEE) Part which has been modified and is knowingly misrepresented as new without disclosure to the customer that it has been previously used. NOTE 1: Examples of a counterfeit part can include, but are not limited to; the false identification of grade, serial number, date code or performance characteristics. NOTE 2: This definition shall be read so as not to conflict with the definition for “counterfeit electronic part” cited in the Defense Acquisition Regulation Supplement (DFARS) 252.246-7007, where that definition shall govern to the extent that clause applies.