Cutthroat. Ruthless. Dog-eat-dog.
No, I’m not introducing this year’s hottest action movie – I’m talking about the world of business.
Nowadays, it’s quicker and easier than ever to get a business up and running. Hell, with the emergence of low code and no-code platforms, it’s not just quick and easy but downright simple.
But only 3 out of 4 companies featured in the S&P 500 list will still be relevant – and even exist – in 2027.
With this stark realization, how do startup hopefuls and the Fortune 500 alike know if they’ve got the resources and capabilities to not only stay in the game for the long-haul, but have an overall competitive advantage?
I last discussed VRIO in my post What is VRIO? The 4-Step Framework for Continuous Business Success, where I laid the foundation for understanding what VRIO is, where it came from, and how to navigate the framework.
However, in this post, I’ll be taking things one step further.
I’ll recap what VRIO is (handy for those who don’t already know!), discuss the specific benefits of VRIO analysis, and even provide you with a free VRIO analysis checklist – made by us here at Process Street!
Just read through the following sections to get started:
- What is the VRIO definition?
- The benefits of using the VRIO model for business analysis
- Using Process Street’s VRIO analysis checklist
- Tips for undergoing VRIO analysis with our checklist
- Additional resources for a sustained competitive advantage
The clock’s ticking, so let’s jump in! ⏱