Explain the importance of implementing intuition

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Reference no: EM133345420

Questions:

1. Since we now understand that the acronym VRIO stands for 4 four major parts in a structured approach to competitive advantage; these are Valuable, Rare, Imitable, and organized. All play an integral role in helping us managers understand, identify, and evaluate resources. In your own words, how do you think the VRIO Analysis is used to identify, exploit, and evaluate competitive advantage.?

2. Do you agree or disagree with the resource - based theories that internal resources are more important for a firm than external factors. This is especially in the sequencing of a sustainable competitive advantage.

3. Explain the importance of implementing intuition and in-depth analysis in strategic management. Describe the benefits of this integration.

4. can you describe or discuss the key roles or nature of implementation, strategy formulation and evaluation activities.

Reference no: EM133345420

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