God, grant me the serenity to accept the things I cannot change, The courage to change the things I can, And the wisdom to know the difference. (Serenity Prayer, Reinhold Niebuhr)

Competency Assessment & VRIO Analysis

core competency is a concept in management theory introduced by, C. K. Prahalad and Gary Hamel (1990). It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" (Wikipedia).

VRIO is an initialism for the four question framework asked about a resource or capability to determine its competitive potential: the question of Value, the question of Rarity, the question of Imitability (Ease/Difficulty to Imitate), and the question of Organization (ability to exploit the resource or capability) (Barney, 1991) (Wikipedia).