{"id":21150,"date":"2020-01-16T10:00:28","date_gmt":"2020-01-16T10:00:28","guid":{"rendered":"https:\/\/www.process.st\/templates\/vrio-analysis\/"},"modified":"2024-02-29T01:03:33","modified_gmt":"2024-02-29T01:03:33","slug":"vrio-analysis","status":"publish","type":"post","link":"https:\/\/www.process.st\/templates\/vrio-analysis\/","title":{"rendered":"VRIO Analysis Checklist"},"content":{"rendered":"
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Introduction:<\/h2>\n
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Business success takes continuous effort.<\/p>\n

But it needn't be a slog.<\/p>\n

In fact, it can be quick and easy with VRIO analysis<\/strong><\/a>!<\/p>\n

VRIO<\/a> analysis makes use of the 4-step VRIO framework (v<\/strong>alue, r<\/strong>arity, i<\/strong>mitability, and o<\/strong>rganization) to look at your company's resources and capabilities<\/a>. <\/p>\n

Once the resource or capability has been analyzed, you'll know if it's providing your business with a competitive disadvantage, competitive parity, a temporary competitive advantage, an unused competitive advantage, or a sustained competitive advantage<\/strong>! <\/p>\n

To make analysis even simpler<\/strong> for you, we've created this VRIO analysis checklist<\/strong>.<\/p>\n

It's been built with conditional logic<\/a>, so if the resource or capability doesn't make it past the value, rarity, imitability, or organization dimension, the checklist will act accordingly.<\/p>\n

This means you can run all of your business' important resources and capabilities through this process, and understand exactly how they're impacting your business - for better or worse.<\/p>\n

Now, let's achieve sustained competitive advantage <\/strong>with this checklist made by the team at Process Street<\/a> - which is, if you don't already, state-of-the-art BPM software<\/a>!<\/p>\n<\/p><\/div>\n<\/section>\n

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Define the resource\/capability<\/h2>\n
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Define the resource\/capability you're performing VRIO analysis on.<\/strong><\/p>\n

The first step of VRIO analysis is to define what resource\/capability <\/strong>you'll be analyzing<\/strong> in<\/strong> the text box<\/strong> below.<\/p>\n

Whatever single resource\/capability you choose is down to you - for instance, it could be the most important resource or the latest capability.<\/p>\n

Keep in mind that, while it's possible to run (and rerun) multiple resources\/capabilities through this process, do launch a new checklist for each<\/em> resource\/capability.<\/p>\n

You often see 'inimitable'<\/em> and 'imitable'<\/em> used interchangeably in VRIO content but they do<\/strong> mean different things. Inimitable, like in the image below, means something is difficult to copy. Imitable, used in this checklist, means easy to copy. Try not to get tripped up by the two!<\/p>\n<\/p><\/div>\n

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Value:<\/h2>\n
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The task in this section will help you analyze the resource\/capability's value<\/strong> for customers and consumers.<\/p>\n

In addition to conditional logic<\/a>, many tasks in this process have stop tasks attached. This means you can't skip important tasks without doing what's required of you first.<\/p>\n

To learn more about stop tasks<\/a>, watch the video below.<\/p>\n<\/p><\/div>\n

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