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Compare and contrast SWOT Analysis and VRIO model

Essay specific features

 

Issue:

Business

 

Written by:

Sue W

 

Date added:

June 2, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 805

 

Was viewed:

4472 times

 

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Essay content:

This analysis allows managers to decide if they should invest their resources to better their strengths or on their “weaknesses to at least make them competitive” (Hunger & Wheelen, 2002, p. 109). The two main advantages of the SWOT analysis are that it recognizes the impact the external environment can have on any firm and also when compared to other models, this analysis can be relatively simpler...
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Some disadvantages of this analysis include the fact that this analysis does not “suggest how the firm should go about identifying and assessing its specific strengths and weaknesses and specific environmental opportunities and threats” (Self, Weiner & Dunlop, n.d., n.p.). Criticisms of this analysis also includes the fact that it creates lengthy lists, does not use any weights to illustrate priorities and uses vague words and phrases...
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