engleski

VRIN framework and company's performance

According to the resource-based theory and VRIN concept, company’s resources must be valuable, rare, inimitable and non-substitutable in order for a company to achieve competitive advantage and high level of performance. We utilize financial (ROA and sales growth) as well as non-financial measures of firm performance (market share, customer satisfaction and customer loyalty) in order to investigate which element of VRIN concept generates a difference in performance between companies with high and low levels of valuable, rare, inimitable and non-substitutable resources and capabilities (physical, human, organizational, financial and intellectual). The analysis is conducted on a sample of 41 large and medium-large Croatian companies with the application of cluster analysis and independent-samples t-tests.

Company’s resource and capabilities, company’s performance

Rad je indeksiran u Web of Science (WoS) bazi. This work has been fully supported by Croatian Science Foundation under the project UIP-2014-09-1745. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of Croatian Science Foundation.