The competitive relevance of an organizational strength is a function of value, rareness, imitability, and sustainability.

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This statement is true. The VRIS framework proposes that for an organizational strength to be a competitive advantage, it must meet four criteria: value (add value to the customer), rarity (not possessed by many competitors), imitability (difficult to imitate or replace), and sustainability (able to be sustained over time).

The Competitive Relevance of an Organizational Strength Is a Function