How can you align your VR strategy with the McKinsey 7S framework?

1 VRIO framework

The VRIO framework is a tool that helps you analyze the value, rarity, imitability, and organization of your resources and capabilities. It can be used to identify which of them are sources of competitive advantage and which ones need improvement. When applying the VRIO framework to VR, you should ask yourself if your VR product or service offers something valuable to customers that meets their needs and preferences. Additionally, consider if it is unique or scarce in the market, or if it can be easily replicated by competitors. Furthermore, assess how difficult or costly it is for competitors to imitate your VR product or service, or to substitute it with something else. Lastly, evaluate if your organization is able to exploit your VR product or service effectively and efficiently, and to adapt to changing market conditions.

2 McKinsey 7S framework

The McKinsey 7S framework is a tool that helps you assess and align the seven elements of your organization: strategy, structure, systems, skills, style, staff, and shared values. This framework can be used to ensure that your organization is coherent and consistent in pursuing its goals and objectives. When applying the McKinsey 7S framework to VR, you should consider questions such as: what is your vision and mission for your VR product or service, and how is your organization organized and coordinated to deliver it? Additionally, you should think about the processes, procedures, and tools you use to manage and monitor your VR product or service, as well as the competencies and capabilities you need to develop and maintain it. Furthermore, you should consider the culture and leadership style of your organization, and the people involved in your VR product or service. Lastly, you should reflect on the core values and beliefs that guide your VR product or service, and how to embed them in your organization.

3 Aligning VR strategy with McKinsey 7S

To align your VR strategy with the McKinsey 7S framework, you need to ensure that all the seven elements are consistent and supportive of your VR product or service. You can use the VRIO framework to identify your strengths and weaknesses in each element, and to prioritize the areas that need improvement. Additionally, you can take the following steps to align your VR strategy with the McKinsey 7S framework: define your VR value proposition and competitive advantage, set clear and realistic goals and objectives, align your VR structure and systems, and develop and nurture the human and cultural resources that enable your VR product or service.

4 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?