A startup holds a patented algorithm that no rival can copy or buy cheaply. It uses this algorithm to power its core product. According to VRIO, this resource provides:

Question

Answer

No advantage – patents are irrelevant for strategy.

Answer

Sustainable competitive advantage – because the resource is Valuable, Rare, Inimitable, and Organized.

Answer

Competitive parity – because patents are common.

Answer

Temporary competitive advantage – because patents always expire quickly.

Crowdly

A startup holds a patented algorithm that no rival can copy or buy cheaply. It u...

Want instant access to all verified answers on elearning.mbs-education.com?