Accordingly, this method begins with the identification of a company's core competencies. You can then check these for their value , rarity , imitability and organization (VRIO criteria):
Valuable skills are those that enable your europe rcs data company to exploit opportunities, generate profits or reduce costs.
Rare are skills that only your company has or that few other companies have.
Competencies that are expensive or difficult to replicate, such as patented inventions, cannot be imitated .
A competency is considered organized when your organization can fully exploit the potential of the skill or resource.
Competitive Analysis - VRIO Analysis
Resources must be valuable, rare, non-imitable and organized to provide a competitive advantage.
On this basis, you can make strategic decisions based on your internal strengths to differentiate yourself in the market and secure competitive advantages. your company unique and how you can use this uniqueness. Also analyze your competitors to identify competencies that you may be lacking.