Which type of strength does it offer for the company

Assignment Help Business Management

Reference no: EM133928351

Assignment: VRIO Analysis of Strengths

To serve customers well and to gain leverage for competitive advantage, a business must assess their capabilities and resources from time to time. This Milestone Activity weighs criteria for determining which aspects of the business might provide strengths that could be leveraged. The skills practiced here can be used in the future to analyze your employer organization and will be used within the Assessment Project.

What do I want you to do?

In this activity, you will evaluate the resources and capabilities of the business you selected to determine how they can be strategically leveraged to provide better service and gain competitive advantage, using the VRIO method.

Identify five strategic resources or capabilities associated with the business you selected. Identify at least one tangible resource, one intangible resource, and two capabilities within those five. Analyze their strengths by asking the four VRIO questions:

A. Is it valuable?

B. Is it rare?

C. Is it difficult to imitate?

D. Is it organized to capture value? Get the instant assignment help.

E. Based on the answers to the preceding questions, which type of strength does it offer for the company?

a. Competitive Parity
b. Temporary Competitive Advantage
c. Sustained Competitive Advantage

F. Identify at least one resource or capability within the five you selected that is valuable, one that is also rare; one that is also difficult to imitate; and one that is organized to capture value.

Reference no: EM133928351

Questions Cloud

How child classes can override and extend inherited features : FIT1045 Introduction to programming, Monash University - Learn how to structure your code to better organise the logic and your thoughts using functions

How was the principle was applied to your experience : EDMG101- Describe a personal/professional incident. How was the principle was applied to your experience? What were the results?

Describe a conflict you have encountered in nursing practice : NR582- Describe a conflict you have encountered in your nursing practice. Identify the stakeholders involved and their roles.

Discuss purpose of nursing research and quality improvement : Discuss the purpose of nursing research, evidence-based practice, and quality improvement. What are the similarities and differences between each?

Which type of strength does it offer for the company : Which type of strength does it offer for the company? Identify at least one resource or capability within the five you selected that is valuable.

How did it influence your current approach to healthcare : How did it influence your current approach to healthcare? Did this incident or discussion make you reflect on your own potential biases?

How did you identify the facts to make your point : Describe your research approach. How did you identify the facts to make your point? What did you learn from the documents about the history of your issue?

Describe one of the theoretical models of management : Based on the module readings, describe one of the theoretical models of management from the perspective of an employee and manager.

Explain and apply contemporary educational theories : EC106 Early Childhood Curriculum, Planning and Evaluation, Crown Institute of Higher Education - Explain and apply contemporary educational theories

User Account

All Pages