Business, 22.07.2021 15:50 Pandorasbx2657

Companies must evaluate the relevancy of their internal resources. This happens in two ways: they test whether resources are (1) similar to those the firm needs to develop and (2) superior to those of competitors in the targeted area. Which of the following is the best way in which firms assess the second test? a. Firms can employ external analysis tool like PESTEL and Porters Five Forces.
b. Firms can apply the VRIO framework for the second test.
c. Firms can implement various financial metrics like NPV and IRR.
d. Firms can use an international framework to determine global relevancy.

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Companies must evaluate the relevancy of their internal resources. This happens in two ways: they te...

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