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 to Knott (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
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Internal Organisation of Sainsburry: VRIO and SWOT Analysislg...
|7
|1147
|1
Analysis of Unilever's Internal Resources, External Environment and Competitive Positionlg...
|12
|2663
|64
Planning for Growthlg...
|17
|4690
|46
Business Strategy and Analysis of Coles Private Limitedlg...