VRIO Analysis for Strategic Planning
The following VRIO framework shows that the model is a strategic analysis tool designed to help businesses uncover and protect the resources and capabilities that give them long-term competitive advantages. As shown below, the framework should be put into play after creating a vision statement but before the strategic planning proceeds. It should be noted here that VRIO analysis forms a part of the strategic analysis toolkit. It suggests looking at the resources and capabilities and deciding which might lead to sustainable competitive advantage. These dimensions assess whether the resource or capability in question is unique, easily replicable, or if there is enough organization in place to capture value.
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