Internal Environment Measurement and Techniques

This week’s topics

Internal Environment Measurement and Techniques

1. Rationale for internal auditing
2. McKinsey 7S framework
3. VRIO analysis and resource evaluation
4. Value Chain Analysis scoring
5. Internal Analysis: The VRIO Framework | Strategic Management | From A Business Professor
6. McKinsey 7S Framework | From A Business Professor
7. Value Chain Analysis EXPLAINED | B2U | Business To You

What you will be able to do

• 3.2 Explain why it is important to measure a business’s internal environment.
• 3.3 Apply a technique to quantify a business’s internal environment.
• 3.4 Assess a business’s internal environment.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain why it is important to measure a business’s internal environment.

Study materials

Videos

• Internal Analysis: The VRIO Framework | Strategic Management | From A Business Professor · YouTube · Business School 101 · 9 min · for registered students
• McKinsey 7S Framework | From A Business Professor · YouTube · Business School 101 · 10 min · for registered students
• Value Chain Analysis EXPLAINED | B2U | Business To You · YouTube · Business To You · 17 min · for registered students

Further resources

• Mastering Strategic Management, ch. 4: Managing Firm Resources · PDF · Saylor Academy, textbook chapter; pp. 101–134 · for registered students
• Principles of Management, ch. 8.5: The internal environment · PDF · OpenStax, textbook chapter; pp. 231–234 · for registered students