People Lead the Way VRIO stands for value, rarity, imitability and organization. It represents a strategic tool to assist with evaluating a company’s internal resources and capabilities as a way to provide a competitive advantage (Jurevicius, 2013). This tool can provide insight into the critical nature an organization assumes with identifying, sourcing and attracting new leadership. Leaders drive organizations, set the tone, establish culture and are ultimately accountable for organizational performance. People lead the way to successful operations. Without the right people a business is just walls and capital equipment incapable of generating value. People are the brains of an operation, ensuring the rest of the body understands the response required to function. The importance of putting the right person in the right position can prove a daunting task. Every person is unique with a different mental and physical makeup. This make up shapes a person’s beliefs and attitudes. Putting a personality that is square in a round hole can be met with disaster. There are a number of methods to help understand a person’s personality. Myers-Briggs is a personality type indicator (MBTI). It represents a method where a person answers a set of unique questions to help establish their personality traits. Understanding these traits can provide insight into how a person processes information and interacts with others. Understanding one’s personality, in conjunction with other
Funder (2006) defines personality as a person’s pattern of thought, emotion, and behavior, with psychological mechanisms and underpinnings. Studying personality within the field of social psychology makes logical senses. While the study of personality psychology seeks to determine the various ways that people differ from one another, and figure out individuals from the inside out, personality within social psychology seeks to figure out individuals from the inside out in varying contexts. Personality psychologists deal with one main challenge – there are so many facets to one’s personality that it is hard to view one’s personality within one single lens. Therefore, before exploring personality within the context of social realms, it is important to view the many facets and approaches to examining personality and its variations.
Personality is a complex area of Psychology, which has been studied for many years, by many experts in the field. Each having their own ideas about how to understand, study and evaluate it. Here I will introduce personality briefly, looking at the theories behind it. Then explain the need for testing. As there are many test that are available to use, for the purpose of this essay I will look at The Myers-Briggs Type Indicator (MBTI) and the Eysenck Personality Questionnaire (EPQ) and discuss the reliability and validity of some studies around these tests.
The Myers and Briggs Analysis is a series of questions that when answered are examined and grouped together in order to determine the personalities of those taking this test. This particular test can result in sixteen different outcomes or types of personalities, which is determined by four different categories that judge if you are introverted or extroverted, use your senses or your intuition, your choice to think or use your feelings, and finally if you are judgmental or perceptive. These series of questions are designed to judge our personalities and help us to determine which career pathways we will be most suited for based on our personality traits and abilities to work well with others, which is important
A person’s personality is his or her essence. It is what guides decisions, emotions, and even thoughts. Some may wonder if it is possible to explore every nuance of such a complex part of a being, but there are ways to determine what type of personality a person has, and then branch off into a more detailed examination of that person specifically. Combined with other factors, such as personality disorders and the environment that someone has grown up in, the Myers-Briggs Type Indicator, or MBTI, test (Enrichment 1) and analysis can determine an accurate portrayal of a personality. Created in 1943 by Katherine Briggs and Isabel Briggs Myers, it is a system made up of four basic functions and sub functions that combine to make a personality type. The mother and daughter team constructed it off of Jung’s theories (History 2). Based on this system, one of the most common personality types in the US population is called an ESTJ, and one of the least common personality types is called an INFJ. There are many differences and similarities between these two types. An ESTJ personality, overall, is practical, fact-based, and outgoing, whereas an INFJ personality is more private and makes decisions based on feelings; however, both are organized people who make good leaders and are capable of great success in roles that involve helping others.
They suggest that measuring one’s characteristics such as sociability, drive, self-determination and demeanor can aid one to better interpret and discern them introspectively. By taking the Myers-Briggs Type Inventory (MBTI) I am able to compare my personality traits to careers in which I may enjoy, will fit my individual personality and enable me to be successful say Drummond, Jones & Sheperis (2016). The results of my self-administered inventory are as follows; Introvert (I) 55%, Intuitive (N) 76%, Feeling (F) 86% and Perceiving (P) 67%. The four dimensions of the inventory seem to be very accurate for the manner in which I view myself. The result of INFP suggests that my personality shows a predominant association with being in a career in which I am able to care for others, such as a healer. This is a correlate with my first career as a firefighter and
During the month of January, the Mktg 3100 class that I took part in, was given a Myers-Briggs characterization form to fill out. Because the Myers-Briggs results place me into two categories, I shall discuss this response to both ISFJ and ISFP character trait types. This paper will discuss my viewpoints, others viewpoints, and the characteristics on how it might affect the decisions I make with my activities, social, vocational life. The results of this examination were two because of how closely related my answers were to both types. Though this is a good ball-park estimate on what kinds of traits I may have, it is not perfect.
The Myers-Briggs Type Indicator (MBTI) “is an introspective self-report questionnaire designed to indicate psychological preferences in how people perceive the world and make decisions” (13). It is one of several personality assessments that is popular among modern mental health experts throughout the world. Currently, it is estimated that the MBTI is “taken by more than two million people per year and is translated into 16 languages (10). “The purpose of the Myers-Briggs Type Indicator personality inventory is to make the theory of psychological types described by C. G. Jung understandable and useful in people 's lives” (4).
The VRIO framework evaluates resources and capabilities of a firm. Below is the evaluation of Targets VRIO framework.
The results of my Myers-Briggs Personality type test were as follows: extrovert, intuition, thinking and judging. As I read what each category meant, I could see those characteristics within myself. I love to be around people, socializing or just people watching. I prefer things to be planned and to think of solutions outside the box. I also look at the big picture of things before making a plan of action. The following two stories display my thought process in different areas and the affects it had in my life or how I dealt with the situations.
Barney and Hesterly (2006), describe the VRIO framework as a good tool to examine the internal environment of a firm. They state that VRIO “stands for four questions one must ask about a resource or capability to determine its competitive potential:
The lesson principle that I valued the most in module 8 was about leading the FAIR way. The reason why I feel that leading the FAIR way was the most valuable was because with how diverse the Air force is, if you lead the FAIR way, you will be able to lead your Airman in a “challenging environment” (Course 15). So how does one lead the FAIR way? First, leading the FAIR way begins with giving or providing feedback. Giving and providing feedback negates any social behavioral Tendencies by leading to “understanding, reality, Alignment” (Course 15). The next part of leading the FAIR way is Assistance, this essentially means actually providing assistance to your Airman and helping in their work and social life. The next part of leading the FAIR
The Myers–Briggs Type Indicator (MBTI) enables an individual to gain a deeper insight into their inherent personality traits. For some people, they have had prior knowledge or underlying assumptions about their personality, but this test provides clearer information about each of their identifiable traits. According to the MBTI in Human-metric personality test, my scores were 22% (E) extroverted thinking more than introverted, 9% (N) intuitive as oppose to sensing, 16% (T) thinking more than feeling, and 12% (J) judging as compared to perceiving. Thus, my personality type is ENFJ. The ENFJ personality group is described as a minority group that consists of natural-born leaders, and people filled with passion, and charisma for example, Barack Obama and Oprah Winfrey; they are notable members of this group, also known as the protagonists (16personalities, 2016). The protagonists apprehend pride in providing guidance for others to improve individually and to improve the community at large (16personalities, 2016). The protagonists find it naturally easy to communicate with others and excel at communicating with other people in person (16personalities, 2016).
Based on the work of Carl Jung, Isabel Myers and Katherine Briggs developed the Myers-Briggs Personality Type Indicator, a self-inventory geared toward helping individuals determine their personality types and individual areas of strength. “By helping people understand themselves, Myers and Briggs believed that they could help people select occupations that were best suited to their personality types and lead healthier, happier lives” (Cherry, 2015). This test, through helping me explore my own personality, likes and dislikes, strengths and weaknesses, and various preferences and compatibilities, has been instrumental in affirming my
People can themselves use the ideals of the VRIO framework in their day to day lives. The framework can be used on many various people and organisations with which one would have relationships. The basic question is, “how will they help me succeed?” Generally, as most businesses stated to J. Barney, to succeed one must “work hard, take risks, and surround oneself with the best people.” (Barney, 1997)
VRIO analysis is a method of analyzing a company’s resources. The resources are human resources, financial resources, non-material resources (knowledge, information), and material resources. Through VRIO analysis, each resource is analyzed for the organization and its competitors. VRIO stands for value, rareness, imitability, and organization. Value entails knowledge of how expensive a resource is and how easily it may be obtained. Rareness means how limited or rare a resource is. When the company meets any difficulties trying to copy the resource, it has to deal with the imitability (Glavas & Mish, 2015). And finally, organization refers to the current arrangements used in supporting a resource and if the company will use the resources properly.