The great Roman philosopher Seneca said that no wind is favorable for those who do not know which port they are heading for. Strategic planning is a very powerful tool that helps us locate where we are and where we should go to reach our destination. It is like a kind of rope that is thrown from the bank of a river to cross to the other. Bank and helps us maintain our course, even though the current of the river tries to drag us in another direction. The power of a vision of the future, of a strategy.
Works like a mental compass
That guides us towards that destination that. We have set and the lines of action to reach it, without losing sight of the port to which we are heading. However, Success lies in strategy. And, in defining a strategy, knowing the Mexico WhatsApp Number List strengths of a company is a way to move forward with firmer steps in a world that is as changing as it is competitive. There are many ways to do it and one of them is VRIO analysis, a study within the business. That allows you to make strategic decisions to guide the organization towards success.
VRIO is an internal business
Analysis technique that allows you to identify and evaluate which resources provide the organization with a competitive advantage. VRIO analysis was first Mexico Whatsapp Number introduced by Jay Barney. Professor of strategic management, in his paper Firm Resources and Sustained Competitive Advantage. In which he suggests. That analyzing external factors is not enough. To truly find a sustained competitive advantage. However, According to Barney, companies must also adopt a view based on the analysis of internal resources.
