This video explains competitive strategy and how to create a long term competitive advantage. For more information about strategic planning frameworks, visit: [ Ссылка ]
As part of the strategic planning process it's valuable to outline your core competencies (The things you are good at) as well as your competitive advantages (What you're better at than everyone else).
In this model for creating a sustainable competitive advantage, we use the acronym VIRO. Which stands for valuable, imitable, rare and organizational. Creating a competitive advantage is an important part of your business strategy.
For more tools and templates to help guide you through the strategic planning process, visit: [ Ссылка ]
