Carlos is doing a VRIO analysis for a product his company is thinking about producing. The first question he asks is, "Does this new capability allow us to minimize the threat of the main competitor gaining more market share?" He decides the answer to this question is "yes." Which aspect of the VRIO analysis does this question answer?

Question

21-04-2020
Business

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Carlos is doing a VRIO analysis for a product his company is thinking about producing. The first question he asks is, "Does this new capability allow us to minimize the threat of the main competitor gaining more market share?" He decides the answer to this question is "yes." Which aspect of the VRIO analysis does this question answer?

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topeadeniran2 topeadeniran2 · Answer 1 · 2020-04-26T04:49:26+02:00

Answer: value

Explanation:

VRIO is an internal analysis that is used to identify and evaluate the resources in a company. VRIO

is an acronym that stands for Value, Rareness, Imitability, Organization.

The VRIO Analysis is a technique for the evaluation of a company's resources to give the company competitive advantage.

Asking a question on whether a new capability reduces the threat of the main competitor enjoying more market share is part of value under the VRIO analysis.