VRIO Analysis is an internal corporate investigation method used to identify and evaluate resources, with the goal of increasing competitive advantage. VRIO is an acronym for four criteria that are important for a company to consider: Value, Rarity, Imitability, and Organization.
Use this template to assess various resources/capabilities that you intend to use for competitive advantage.
How to build and reconstruct an organization?
What is the strategy should be taken by an organization?
What is the capabilities and competencies of an organization?
Distinctive Competencies.
Media Management Module 1 Strategy teigland jan24Robin Teigland
Slides from my third lecture in the Strategy module in the 2011 Media Management Course at Stockholm School of Economics and the Royal Institute of Technology. Here is more information on the course: http://nordicworlds.net/2011/01/21/strategy-course-focuses-on-virtual-worlds-and-gaming-industries/.
"This presentation provides an introduction into Competence-based Strategic Management.
Competence-based Strategic Management is a relatively new way of thinking about how organizations gain high performance for a significant period of time. Established as a theory in the early 1990’s, competence-based strategic management theory explains how organizations can develop competitive advantage in a systematic and structural way. In other words, a competent organization has the ability [being capable of] to structurally and systematically coordinate and commit resources for respectively the realization of the organizations goals and objectives and the creation and distribution of customer value, in order to develop competitive advantage. For developing an integrated system of resources, management needs extraordinary analytic and appraisal skills. Furthermore, the idea behind competence-based strategic management is that the difference of the mix available resources between organizations, the speed with which resources are exploited and are develop, plus the costs which are involved, is determinative for the realisation of the organizations competitive advantage. Resources are all elements, tangible or intangible, which an organization can use for the arrangement of products and bring services on the market. The resources an organization can use may be either organization-specific of organization-addressable. An organization from a competence-based perspective is seen as an open social system. Open social system = dynamic and complex collection of elements, interacting as a structured functional entity that continuously interacts with its environment.
Five challenges play a central role in the application of competence-based strategic management in order to realize continuous value creation and distribution [strategic logic]:
- Recognize market opportunities
- Define product offers that create value for customers with targeted preferences
- Attract, retain and improve the best available resources for creating and realizing product offers
- Manage uncertainties in creating and realizing product offers
- Distribute value created to providers of required resources
When managing these challenges management can choose two approaches: statically and dynamically. The focus of the static approach to competence-based management is at entirely exploiting existing resources to develop competitive advantage in the short term. In this case strategy means a maximum exploitation of the current organizational competences of the organization. Answering the three central questions from the static interpretation the central issue is to maintain the existing resources of the organization in order to develop competitive advantage.
The primary aim of the dynamic approach of the competence-based management is realising competitive advantage by constantly improving the existing resources and obtaining new resources. In this case strategy means a fit between exploiting the available resources and obtaining and developing [modify] new resources. At answering the three central questions from the dynamic interpretation the central issue is not only to maintain the existing resources of the organization but also the replacement or modification of these resources, in order to develop competitive advantage."
VRIO Analysis is an internal corporate investigation method used to identify and evaluate resources, with the goal of increasing competitive advantage. VRIO is an acronym for four criteria that are important for a company to consider: Value, Rarity, Imitability, and Organization.
Use this template to assess various resources/capabilities that you intend to use for competitive advantage.
How to build and reconstruct an organization?
What is the strategy should be taken by an organization?
What is the capabilities and competencies of an organization?
Distinctive Competencies.
Media Management Module 1 Strategy teigland jan24Robin Teigland
Slides from my third lecture in the Strategy module in the 2011 Media Management Course at Stockholm School of Economics and the Royal Institute of Technology. Here is more information on the course: http://nordicworlds.net/2011/01/21/strategy-course-focuses-on-virtual-worlds-and-gaming-industries/.
"This presentation provides an introduction into Competence-based Strategic Management.
Competence-based Strategic Management is a relatively new way of thinking about how organizations gain high performance for a significant period of time. Established as a theory in the early 1990’s, competence-based strategic management theory explains how organizations can develop competitive advantage in a systematic and structural way. In other words, a competent organization has the ability [being capable of] to structurally and systematically coordinate and commit resources for respectively the realization of the organizations goals and objectives and the creation and distribution of customer value, in order to develop competitive advantage. For developing an integrated system of resources, management needs extraordinary analytic and appraisal skills. Furthermore, the idea behind competence-based strategic management is that the difference of the mix available resources between organizations, the speed with which resources are exploited and are develop, plus the costs which are involved, is determinative for the realisation of the organizations competitive advantage. Resources are all elements, tangible or intangible, which an organization can use for the arrangement of products and bring services on the market. The resources an organization can use may be either organization-specific of organization-addressable. An organization from a competence-based perspective is seen as an open social system. Open social system = dynamic and complex collection of elements, interacting as a structured functional entity that continuously interacts with its environment.
Five challenges play a central role in the application of competence-based strategic management in order to realize continuous value creation and distribution [strategic logic]:
- Recognize market opportunities
- Define product offers that create value for customers with targeted preferences
- Attract, retain and improve the best available resources for creating and realizing product offers
- Manage uncertainties in creating and realizing product offers
- Distribute value created to providers of required resources
When managing these challenges management can choose two approaches: statically and dynamically. The focus of the static approach to competence-based management is at entirely exploiting existing resources to develop competitive advantage in the short term. In this case strategy means a maximum exploitation of the current organizational competences of the organization. Answering the three central questions from the static interpretation the central issue is to maintain the existing resources of the organization in order to develop competitive advantage.
The primary aim of the dynamic approach of the competence-based management is realising competitive advantage by constantly improving the existing resources and obtaining new resources. In this case strategy means a fit between exploiting the available resources and obtaining and developing [modify] new resources. At answering the three central questions from the dynamic interpretation the central issue is not only to maintain the existing resources of the organization but also the replacement or modification of these resources, in order to develop competitive advantage."
Here is an infographic explaining just some of the biggest problems faced by enterprises and how Big Data can be a big part of the solution to help them achieve a competitive advantage in their respective industries.
Document & Process Management per la gestione delle Risorse UmaneTalea Consulting Srl
Esempi applicativi di Workflow per l'automatizzazione dei processi legati alla gestione delle risorse umane. Document & Process Management per la gestione dei Curriculum Vitae, dell'iter di assunzione,delle richieste ferie permessi e per tutti i processi tipici dell'area HR - human resource
Guida introduttiva a Microsoft Dynamics NAVEOS Solutions
EOS Solutions, primo partner Microsoft Dynamics in Italia, presenta Dynamics NAV, la soluzione gestionale Microsoft veloce da implementare, facile da usare e con la potenza necessaria a sostenere le ambizioni dell'azienda.
Maggiori informazioni: http://www.eos-solutions.it/dynamics-nav.html
As a leader, you spend a lot of your time making sure that your team is working well together. Here are the secrets that every manager should know to make your team successful.
Subscribe to our free 11-day email course on HOW TO BE A BETTER LEADER:
http://officevi.be/29Sx4bK
Read more on employee engagement on Officevibe blog:
https://www.officevibe.com/blog
What is Internal Analysis?
The process of identifying and evaluating an organization’s specific characteristics
Resources, capabilities, and core competencies
Looks at organization’s
Current vision
Mission(s)
Strategic & financial objectives
Strategies
The plans for how the organization will do what it’s in business to do, how it will compete successfully, and how it will attract and satisfy its customers in order to achieve its goals.
Sm 11 part_02_03
Strategic Management course version 11
Strategic management in any organization is important as it provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans.
Video on YouTube:
video 01
https://youtu.be/alh6O6Q_9sc
video 02
https://youtu.be/b2UwGeOTEX0
video 03
https://youtu.be/R7K0W3yinLo
Textile Chemical Brochure - Tradeasia (1).pdfjeffmilton96
Explore Tradeasia’s brochure for eco-friendly textile chemicals. Enhance your textile production with high-quality, sustainable solutions for superior fabric quality.
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
Explore Sarasota Collection's exquisite and long-lasting dining table sets and chairs in Sarasota. Elevate your dining experience with our high-quality collection!
How to Build a Diversified Investment Portfolio.pdfTrims Creators
Building a diversified investment portfolio is a fundamental strategy to manage risk and optimize returns. For both novice and experienced investors, diversification offers a pathway to a more stable and resilient financial future. Here’s an in-depth guide on how to create and maintain a well-diversified investment portfolio.
How to Build a Diversified Investment Portfolio.pdf
Vantaggi competitivi 3. Quali sono i punti aziendali di forza, debolezza, le opportunità e le minacce??
1. Ricerca dei Vantaggi Competitivi:Ricerca dei Vantaggi Competitivi:
strutturare ed eseguire strategiestrutturare ed eseguire strategie
Analizzare le Risorse di una AziendaAnalizzare le Risorse di una Azienda
e la sua posizione competitivae la sua posizione competitiva
Quali sono i puntiQuali sono i punti
aziendali di forza,aziendali di forza,
debolezza, opportunitàdebolezza, opportunità
e minacce ?e minacce ?
2. Roadmap
• Question 1: How Well Is the Company’s Present
Strategy Working?
• Question 2: What Are the Company’s Resource
Strengths and Weaknesses and Its External
Opportunities and Threats?
• Question 3: Are the Company’s Prices and Costs
Competitive?
• Question 4: Is the Company Competitively Stronger
or Weaker than Key Rivals?
• Question 5: What Strategic Issues and Problems
Merit Front-Burner Managerial Attention?
3. Q #2: What Are the Company’s Strengths, Weaknesses,
Opportunities and Threats ?
• S W O TS W O T represents the first letter in
– SS trengths
– WW eaknesses
– OO pportunities
– TT hreats
• For a company’s strategy to be well-conceived, it must be
– Matched to its resource strengths and weaknesses
– Aimed at capturing its best market opportunities and erecting
defenses against external threats to its well-being
S W
O T
4. Identifying Resource Strengths
and Competitive Capabilities
• A strength is something a firm does well or an attribute that
enhances its competitiveness
– Valuable competencies or know-how
– Valuable physical assets
– Valuable human assets
– Valuable organizational assets
– Valuable intangible assets
– Important competitive capabilities
– An attribute that places a company in a position of market
advantage
– Alliances or cooperative ventures with partners
Resource strengths and competitive
capabilities are competitive assets!
5. Competencies vs. Core Competencies vs. Distinctive
Competencies
• A competence is the product of organizational
learning and experience and represents real
proficiency in performing an internal activity
• A core competence is a well-performed
internal activity central (not peripheral or incidental)
to a company’s competitiveness and profitability
• A distinctive competence is a competitively valuable
activity a company performs better than its rivals
6. Company Competencies
and Capabilities
• Stem from skills, expertise, and
experience usually representing an
– Accumulation of learning over time and
– Gradual buildup of real proficiency in
performing an activity
• Involve deliberate efforts to develop the ability to do
something, often entailing
– Selecting people with requisite knowledge and skills
– Upgrading or expanding individual abilities
– Molding work products of individuals into a cooperative
effort to create organizational ability
– A conscious effort to create intellectual capital
7. Core Competencies -- A
Valuable Company Resource
• A competence becomes a core competence when the
well-performed activity is central to a company’s
competitiveness and profitability
• Often, a core competence results from collaboration
among different parts of a company
• Typically, core competencies reside in a company’s
people, not in assets on a balance sheet
• A core competence gives a company a
potentially valuable competitive capability
and represents a definite competitive asset
8. Examples: Core Competencies
• Expertise in integrating multiple technologies
to create families of new products
• Know-how in creating operating systems
for cost efficient supply chain management
• Speeding new/next-generation products to market
• Better after-sale service capability
• Skills in manufacturing a high quality product
• System to fill customer orders accurately and swiftly
9. Distinctive Competence -- A
Competitively Superior Resource
• A distinctive competence is a competitively
significant activity that a company performs better
than its competitors
• A distinctive competence
– Represents a competitively valuable
capability rivals do not have
– Presents attractive potential for
being a cornerstone of strategy
– Can provide a competitive edge in the marketplace —
because it represents a competitively superior resource
strength
# 1
10. Examples: Distinctive Competencies
• Sharp Corporation
– Expertise in flat-panel display technology
• Toyota and Honda
– Low-cost, high-quality manufacturing
capability and short design-to-market cycles
• Intel
– Ability to design and manufacture
ever more powerful microprocessors for PCs
• Wal-Mart
– Low-cost distribution and use of
state-of-the-art retail technology
11. Determining the Competitive
Value of a Company Resource
• To qualify as competitively valuable or to be
the basis for sustainable competitive
advantage, a “resource” must pass 4 tests:
1. Is the resource hard to copy?
2. Does the resource have staying power –
is it durable?
3. Is the resource really competitively superior?
4. Can the resource be trumped by
the different capabilities of rivals?
12. Identifying Resource Weaknesses
and Competitive Deficiencies
• A weakness is something a firm lacks, does poorly,
or a condition placing it at a disadvantage
• Resource weaknesses relate to
– Inferior or unproven skills,
expertise, or intellectual capital
– Lack of important physical,
organizational, or intangible assets
– Missing capabilities in key areas
Resource weaknesses and deficiencies
are competitive liabilities!
13. Role of SWOT Analysis in
Crafting a Better Strategy
• The most important part of S W O TS W O T analysis is not
developing the 4 lists of strengths, weaknesses,
opportunities, and threats, but rather
– Using the 4 lists to draw conclusions
about a company’s overall situation and
– Acting on the conclusions to
• Better match a company’s strategy to its
resource strengths and market opportunities,
• Correct the important weaknesses, and
• Defend against external threats
14. Identifying a Company’s
Market Opportunities
• Opportunities most relevant to a
company are those offering
– Good match with its financial and
organizational resource capabilities
– Best prospects for profitable
long-term growth
– Potential for competitive advantage
15. Role of SWOT Analysis in
Crafting a Better Strategy
• The most important part of S W O TS W O T analysis is not
developing the 4 lists of strengths, weaknesses,
opportunities, and threats, but rather
– Using the 4 lists to draw conclusions
about a company’s overall situation and
– Acting on the conclusions to
• Better match a company’s strategy to its
resource strengths and market opportunities,
• Correct the important weaknesses, and
• Defend against external threats