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Assignment on Management PDF

Added on - 11 Nov 2021

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Running head: MANAGEMENT
Management
Name of Student
Name of University
Author Note
1MANAGEMENT
Table of Contents
How to access opportunity VRIO..............................................................................................2
SWOT analysis...........................................................................................................................3
Cost benefit or benefit effort......................................................................................................5
Needs analysis............................................................................................................................6
Bibliography...............................................................................................................................8
2MANAGEMENT
How to access opportunity VRIO
According toKnott (2015),the VRIO analysis is done to identify a large strategic
scheme of an organisation. It has been stated that the basic process that undergoes in a firm
starts with a vision statement. In the case of Business House Groups, the aim of the
organisation is to ensure that an online business educational program for SME focused in the
field of construction is developed. Therefore, the value that is provided by the organisation is
that it can provide opportunities for growth in the economy so that any external threat can be
restricted. The gap in the market can be solved by providing expertise based on degrees that
are required by the people.
One of the advantages that can be gained by Business House Group is the fact that the
courses offered are rare. The main competition that may arise is from IBIS and the other
universities may take a longer time in the completion of the course. Hence, it can be said that
with a strategy which implies low cost and high effective programme the Business House
Group can excel in the market by providing opportunities for growth of new types of courses.
With the rise of online courses all over the country and the world, the courses provided by
Business House Group can be imitable.
The case study points to the fact that the barriers, which exist in the industry are
medium. This is because the cost of establishing and delivering the product is high. This can
help in the growth of Business House Group, as competitors may not be able to gain
effectiveness in the market as quickly as it expects. Despite the increasing number of
competitors, several factors need to be kept in mind such as the price of the courses, brand
name, reputation it hold in the market and the service provided by the courses (Moore &
Dutton, 2018). Hence, the aim of the organisation of providing unique learning experience
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