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M4a Competitive Advantage Tools

M4a Competitive Advantage Tools

Q In chapter 4 we learn about a firm's ability to gain and sustain competitive advantage. For this assignment we break down assessments used to determine competitive advantage. Here is what I would like you to do: • Compare and Contrast both the VRIO Framework and Porters Five Forces. • Prepare an argument for which you believe is superior. Assignment Instructions Your written assignment needs to be presented in a professional manner, be at least 250 words and include your name, course, the title of assignment, professor's name, date, TEAM NAME and include a list of sources used, if applicable. The Research and Library Tips page will help you properly cite sources using a consistent format (APA, MLA, etc) so that your academic integrity is not called into question. The evaluation of your writing will consider grasp of readings, depth of analysis, content organization, clarity of writing, vocabulary use, and proper grammar. For further explanation please see the Writing Rubric.

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The VRIO Framework provides insights about the ways in which every resource of an organization can be categorized to identify the level or magnitude of value, rarity, imitability, and organization of the resource (Kuznetsova, 2020) This is because there can be understanding of the core competitive advantages of the organization. There can be comprehension and identification of the ways in which there is some special or additional value added for every customer via a resource (Kuznetsova, 2020). However, there can be difficulty in analyzing the effectiveness of the resources if there is no consideration of the changes taking place in industry in which organizations run their operations.