1. Discuss in detail how the VRIO Framework can be used to evaluate a business’ competencies. Explain which of the VRIO factors would allow a firm to achieve a sustainable advantage over its competitors, and why? (In your own words)
2. As a small business owner, outline in two paragraphs or so the kind of corporate culture that you would like to adopt for your business enterprise. Emphasize in your answer at least six components of cultural attributes. An example of a cultural attribute is Honesty.