Organizations love listing strengths: strong people, good culture, great service, solid reputation. Taking a strategic perspective results in a more difficult question: are those actual advantages, or are they the same things that everyone else also has? This is exactly what the VRIO framework, developed by Jay Barney, helps clarify. […]
Tag: competitiveadvantage
Research shows that systems thinking and metacognition (awareness and understanding of one’s own thought process) lie at the root of both IQ enhancing and EQ enhancing skills. Developing both emotional intelligence and IQ skills requires a distinction between cognition (thinking) and metacognition (the ability to reflect on and understand how […]
Almost 20 years ago, a British mathematician and entrepreneur in the field of data science stated that “Data is the new oil.” At the time, it was a very provocative statement. These days, this quote rings true and has largely been validated. Oil contributes to economic results. In raw form, […]