Internal Environmental Analysis in Business

Achieving stated financial and strategic objectives, financial performance above industry average, gaining customers and increasing market share

Resources are competitive assets owned and controlled by the company, while capabilities refer to the firm's capacity to perform internal activities competently.

Competitively important resources and capabilities are the firm's assets that enable it to compete and succeed in the marketplace.

<p>Tangible physical resources are visible assets like buildings, factories, and machines that a company uses to create and deliver products/services.</p> Signup and view all the answers

<p>Financial resources, such as money, investments, and credit ratings, impact the company's financial health and ability to obtain more resources.</p> Signup and view all the answers

<p>By evaluating its resources, capabilities, and performance relative to its competitors.</p> Signup and view all the answers

<p>Tools and know-how such as patents and copyright used by the company.</p> Signup and view all the answers

<p>A collection of different assets like physical resources, human capital, and intellectual property that work together to give the company a competitive advantage.</p> Signup and view all the answers

<p>To determine if a resource is valuable, rare, inimitable, and non-substitutable.</p> Signup and view all the answers

<p>It includes company culture, interpersonal relationships, trust-based relations with customers or suppliers, and causal ambiguity.</p> Signup and view all the answers

<p>It refers to resources or capabilities that are hard to copy, making it costly for rivals to imitate.</p> Signup and view all the answers

<p>By forming connections and partnerships that enhance the company's network and alliances.</p> Signup and view all the answers