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Disadvantages Of Vrio Analysis

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When we talk about resource based view it is necessary to mention that we are referring on a type of a management device which is used as a great tool in order to evaluate quality and the amount of business strategic assets. The amount of useful strategic assets has its purpose by supporting comparative advantage in order to boost performance of the company to the higher level of operation in comparison with competition. Firm capabilities, potential and possibility to run on the competitive market, among others can be measured with SWOT&VCA (strengths, weaknesses, opportunities, and threats/ value chain analysis) analysis, Porter's five forces model, and VRIO framework. We are already well familiar with all of those analysis and their positive …show more content…

The first thing that VRIO analysis will explore is the amount of opportunities for the sake of company and benefit that can be gained in comparison with threats that can be harmful for the company and its core business. Second thing which is in the center of the VRIO framework is information about the uniqueness of the product, in a way that it is important to find out how many companies are providing the same, or similar …show more content…

Also, organizational aspect is really important factor that has to be mentioned and well organized (policy, process, structure, etc.) In case we get a good results for all four above mentioned factors, we can say that we have a good chance to gain certain benefit out of our product. When we take a look at the SWOT analysis of Schneider Electric, we can immediately notice that it is a company that is spread in many different countries across the globe with 31 manufacturing units. Also, it is noticeable that Schneider Electric is well known brand in their field of work with available premium prices as their customers perceives the company to be high valued in regards to the quality of their products. One of the main reasons for such a success is high level of investment in research and development, plus technology that would be superior to others in that specific type of industry. Last but not least it's important to mention that Schneider Electric is able to lower risk in a certain aspects as they are great in size which is one of the most important benefits because it is a lot easier job to defend themselves while entering new

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