What firm-specific strengths should the company focus

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Reference no: EM133671700

Question: Briefly analyze the internal environment of a company of your choice by answering each of the following questions- this could be a company you work for, have worked for, or would like to work for in the future! This can be the same company that you completed an external analysis for in your second discussion post. Remember to think about both strengths and weaknesses.

1. VRIO Framework- Does the company have any resources that are valuable, rare, inimitable, and organized in a way that make them unique strengths? (these can be basic and/or advanced factors of production)

2. Value Chain- What are the strengths and weaknesses of the company's value chain activities?

3. The Building Blocks of Competitive Advantage- Evaluate the company across the four building blocks of competitive advantage: superior efficiency, quality, innovation, and customer responsiveness.

4. Strategy- Based on your analysis in the first three questions, do you believe the firm to have competitive advantage over its rivals? (If so, is it sustained competitive advantage?)

If not, what firm-specific strengths should the company focus on/attain in order to either differentiate its products and/or achieve substantially lower its costs?

Reference no: EM133671700

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