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n.1.The quality of being imitable.
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
References in periodicals archive ?
Uncertain imitability: An analysis of interfirm differences in efficiency under competition.
RBV in the The VRIO framework: Barney, 1991; Barney, internationalization Value; Rarity; 2002; Peng, 2001; process Imitability; and Peteraf, 1993.
Barney (1991) identified four key factors determining the resources' ability to contribute to the company's competitive advantage: 1) value; 2) rareness; 3) imitability; 4) substitutability.
Table 1: Relative Differences between Product and Process Innovation Dimensions of Analysis Product Innovation Process Innovation Objective of Novelty Efficiency innovation Competitive impact Price Cost Valuation of External market Internal, managerial innovation or value feedback evaluation Degree of novelty Radical, exploration Incremental, valued or rareness exploitation Codifiability of Clear, concrete, Unclear, obscure, knowledge or explicit, higher tacit, lower imitability Location of knowledge Technological, Organizational, or substitutability separable, independent systemic, interdependent Source: Un & Asakawa (2015, p.
Dierickx and Cool (1989) also explain the same reasons and conditions as Barney has given by focusing on the critical assets of firm and their imitability and mobility.
The second dimension (vertical axis) captures the degree of imitability, distinguishing between inimitable resources and imitable practices.
Adopting the business analysis framework of VRIO (Value, Rarity, Imitability and Organization), we have already established that IoT is an extremely valuable asset.