An internal analysis examines strengths and weaknesses highlighting three factors: an organization’s competency, resources, and competitive advantage.
How to Do an in-depth Resource Analysis with VRIO Analysis
Businesses use strategic planning as a necessary tool for all decisions made. Resource analysis is another way firms understand the value of resources.
VRIO Analysis: The Powerful 4-Criteria Framework
VRIO analysis is a strategic planning tool for efficient decision making. VRIO refers to 4 criteria firms consider: Value, Rarity, Imitability,Organization.