Some examples of resources and capabilities that can give an organization a long-term competitive advantage include unique technology, skilled human resources, strong brand recognition, efficient supply chain, and access to large capital. These resources and capabilities can be identified through a VRIO analysis, which stands for Value, Rarity, Imitability, and Organization. This analysis helps to determine if the business is well equipped with the resources to be competitive.
How do you know if a venture is worth your time, investment, and resources? Value, rareness, imitabi...
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