VRIN----SWOT --&-- VALUE CHAIN------ Method for evaluate company...

 ASSALAMMUALAIKUM....

¡hola!!!hye dear friends....my celoteh today ia about a company strategy which is the way to make sure the strategy that plan a going well...so..the first and the foremost thing that should have is the business strategy itself and also the key functional of the strategy.By having this it will be the root of the company to run well. Other than that we must make sure what are the important resource and capabilities for firm competitive...Of course we must make sure the resource, capability also the competitive asset of the firm...and we can identify what must do and don’t for the company..

Another way to identifying the firm resource and capabilities by using the VRIN testing...for those who a not economic background must be weird when hear the VRIN testing right?? U all must thinking what is VRIN?? RING maybe??? For make it clear VRIN testing are framework that determine if a resource is a source of sustainable competitive advantage.. the word VRIN stand for.. 

V - Valuable (they must be  a source of greater value, in term of relative cost and benefit than similar resources in competing firm)

R - Rare (rareness implies that the resources must be rare in the sense that is relative to demands for its use.)

I  - Inimitable ( it is difficult to imitate)

N - Non-substitutable (other different types resource cannot be functional substitutes)..

That the explanation about VRIN testing for those who not familiar with the term..  Through this test we can know as much as the competitive power. Every company want to seize the market opportunity right???tools that we can use by using SWOT analysis because we know that SWOT is already a powerful tool for sizing up the company. Through SWOT we can identify the basis of strategy in the internal strengths, know the deficient capabilities in the internal weakness, do the strategic objective in the market opportunities and make the strategic defenses into the external treats..

By using this both tool VRIN testing and SWOT analysis we can managing the resources and capability dynamically. Even though we also must know the way to create the customer value and to create it we use the Value Chain tool...what is Value Chain???Food chain sure u all know right???

Value Chain are the tools that identifies the primary activities and related support activities that create the customer value..from the value chain the company and firm will know the way on how effectively and efficiently a firm to delivers value to its customer, relatives to its competitor..

By adding the Value Chain tool the method for evaluate the company will be complete and this a way for run the company in the right way.. until here first my celoteh hope u all can get a little bit information on how to evaluate the firm or company..till meet again ya!!  

Adius Amigos