- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
BCG Matrix and VRIO Framework for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony
Posted by Sophia Morgan on Jul-30-2018
BCG Matrix
The BCG matrix is a strategic management tool that was created by the Boston Consulting Group, which helps in analysing the position of a strategic business unit and the potential it has to offer. The matrix consists of 4 classifications that are based on two dimensions. These first of these dimensions is the industry or market growth. The other of these dimensions is the relative market share of the strategic business unit. Strategic business units are placed in one of these 4 classifications. The BCG matrix for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony will help decide on the strategies that can be implemented for its strategic business units.
Strategic business units with high market growth rate and high relative market share are called stars. Businesses should invest in their stars and can implement vertical integration, market penetration, product development, market development, and horizontal integration strategies. Strategic business units with high market growth rate and low relative market share are called question marks. These strategic business units require close considerations whether the business should continue with them or divest. Strategic business units with low market growth rate but with high relative market share are called cash cows. The business should invest in these to maintain their relative market share. Lastly, the strategic business units with low market growth rate and low relative market share are called dogs. The business should divest these strategic business units.
BCG Matrix of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony
The BCG Matrix for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony will help Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony in implementing the business level strategies for its business units. The analysis will first identify where the strategic business units of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony fall within the BCG Matrix for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony.
Stars
- The financial services strategic business unit is a star in the BCG matrix of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. It operates in a market that shows potential in the future. Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony earns a significant amount of its income from this SBU. Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony should vertically integrate by acquiring other firms in the supply chain. This will help it in earning more profits as this Strategic business unit has potential.
- The Number 1 brand Strategic business unit is a star in the BCG matrix of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony, and this is also the product that generates the greatest sales amongst its product portfolio. The potential within this market is also high as consumers are demanding this and similar types of products. Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony should undergo a product development strategy for this SBU, where it develops innovative features on this product through research and development. This will help Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony by attracting more customers and increases its sales.
- The Number 2 brand Strategic business unit is a star in the BCG matrix of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony as Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony has a 20% market share in this category. It also the market leader in this category. The overall category is expected to grow at 5% in the next 5 years, which shows that the market growth rate is expected to remain high. Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony should use its current products to penetrate the market. This could be done by improving its distributions that will help in reaching out to untapped areas. This will help increase the sales of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony.
Cash Cows
- The supplier management service strategic business unit is a cash cow in the BCG matrix of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. This has been in operation for over decades and has earned Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony a significant amount in revenue. The market share for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is high, but the overall market is declining as companies manage their supplier themselves rather than outsourcing it. The recommended strategy for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is to stop further investment in this business and keep operating this strategic business unit as long as its profitable.
- The Number 3 brand strategic business unit is a cash cow in the BCG matrix of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. This is an innovative product that has a market share of 25% in its category. Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is also the market leader in this category. The overall category has been declining slowly in the past few years. Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony has the power to influence the market as well in this category. It should, therefore, invest in research and development so that the brand could be innovated. This will help the category grow and will turn this cash cow into a star. The overall benefit would be an increase in sales of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony.
- The international food strategic business unit is a cash cow in the BCG matrix for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. This business unit has a high market share of 30% within its category, but people are now inclined less towards international food. This change in trends has led to a decline in the growth rate of the market. The recommended strategy for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is to invest enough to keep this strategic business unit under operations. If it no longer remains profitable and turns into a dog, then Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony should divest this strategic business unit.
Question Marks
- The local foods strategic business unit is a question mark in the BCG matrix for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. The recent trends within the market show that consumers are focusing more towards local foods. Therefore, this market is showing a high market growth rate. However, Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony has a low market share in this segment. The recommended strategy for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is to invest in research and development to come up with innovative features. This product development strategy will ensure that this strategic business unit turns into a cash cow and brings profits for the company in the future.
- The Number 4 brand strategic business unit is a question mark in the BCG matrix for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. This strategic business unit is a part of a market that is rapidly growing. However, this strategic business unit has been incurring losses in the past few years. It has also failed in the attempts made at innovation by research and development teams. The recommended strategy for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is to divest and prevent any future losses from occurring.
- The confectionery strategic business unit is a question mark in the BCG matrix for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. The confectionery market is an attractive market that is growing over the years. However, Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony has a low market share in this attractive market. The low sales are as a result of low reach and poor distribution of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony in this segment. The recommended strategy for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is to undergo market penetration, where it pushes to make its product present on more outlets. This will ensure increased sales for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony and convert this strategic business unit into a cash cow.
Dogs
- The plastic bags strategic business unit is a dog in the BCG matrix of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. This strategic business unit has been in the loss for the last 5 years. It also operates in a market that is declining due to greater environmental concerns. The recommended strategy for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is to divest this strategic business unit and minimise its losses.
- The Number 5 brand strategic business unit is a dog in the BCG matrix for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. This is operating in a market segment that is declining in the past 5 years. The company also has negative profits for this strategic business unit. However, it is expected that the market will grow in the future with environmental changes that are occurring. The recommended strategy for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is to invest in the business enough to convert into a cash cow. This will ensure profits for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony if the market starts growing again in the future.
- The synthetic fibre products strategic business unit is a dog in the BCG matrix of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. The market for such products has been declining, and as a result of this decline, Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony has been facing a loss in the past 3 years. The market share for it is also less than 5%. The recommended strategy for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is to divest this strategic business unit to minimise any further losses.
- The artificially flavoured products strategic business unit is a dog in the BCG matrix for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony. These products were launched recently, with the prediction that this segment would grow. However, with increasing health consciousness, people are now refraining from consumption of artificial flavours. The market is shrinking, and Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony has no significant market share. The recommended strategy for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony is to call back this product.
Some of the strategic business units identified in the BCG matrix for Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony have the potential of changing from their current classification. For example, a dog changing to a cash cow. These have been identified in the BCG matrix of Managing Public Dismay and Saving the Image of the Four Seasons Bali The Case of the Karma Cleansing Ceremony and recommended strategies to ensure such change have also been made.
VRIO Framework
The VRIO Framework or VRIO analysis is a strategic management tool that is used to analyse a firm’s internal strengths and resources. It helps identify which one of its internal strengths and resources can be a source of sustained competitive advantage. The analysis is based on the idea that a firm’s internal resources are a source of sustained competitive advantage if they are valuable, rare, cannot be imitated by competition, and are organised to capture value for the organisation. The VRIO analysis requires looking at a firm's resources based on these 4 factors.
Based on the analysis, each resource can either provide a sustained competitive advantage, has a good competitive advantage, temporary competitive advantage, competitive parity or competitive disadvantage. A sustained competitive advantage exists when a resource is valuable, rare, non-imitable and organised. A good competitive advantage occurs if it is valuable, rare, and non-imitable. A temporary competitive advantage exists if it is valuable and rare. A competitive parity occurs if it is only valuable. Lastly, the resource is a competitive disadvantage if it is neither of the 4. The analysis takes place in this order by first assessing whether a resource is valuable, rare, imitable and organised.
References
Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of management, 17(1), 99-120.
Barney, J. (2002). Gaining and Sustaining Competitive Advantage, 2nd ed. Prentice Hall, Upper Saddle River, NJ.
Cardeal, N., & Antonio, N. S. (2012). Valuable, rare, inimitable resources and organization (VRIO) resources or valuable, rare, inimitable resources (VRI) capabilities: What leads to competitive advantage?
Hambrick, D. C., MacMillan, I. C., & Day, D. L. (1982). Strategic attributes and performance in the BCG matrix—A PIMS-based analysis of industrial product businesses. Academy of Management Journal, 25(3), 510-531.
Jurevicius, O. (2013a). VRIO Framework. Retrieved from https://www.strategicmanagementinsight.com/tools/vrio.html
Jurevicius, O. (2013b). BCG growth-share matrix. Retrieved from https://www.strategicmanagementinsight.com/tools/bcg-matrix-growth-share.html
Knott, P. J. (2015). Does VRIO help managers evaluate a firm’s resources? Management Decision, 53(8), 1806-1822.
Seeger, J. A. (1984). Research note and communication. Reversing the images of BCG's growth/share matrix. Strategic Management Journal, 5(1), 93-97.
Smith, M. (2002). Derrick's Ice–Cream Company: applying the BCG matrix in customer profitability analysis. Accounting education, 11(4), 365-375.
Warning! This article is only an example and cannot be used for research or reference purposes. If you need help with something similar, please submit your details here.
Mauricio Aguayo
5.0
It's difficult to imagine what I would have done without the help of the writer but grateful to God, who let me be in the view of this service. Thanks!
Mackenzie Sebastian
5.0
Such a good paper I got from this service. Timely delivery and affordable prices!
Nicole Andrew
5.0
They cleared my doubts and delivered the assignment to me in a simple way: no plagiarism and evidence-based explanation.
Dorina Zdroie
5.0
thank you
Next Articles
- Accountants And The Ethics Of Profit: The Case Of The Australian Retail Industry Bcg Matrix
- Safe Home, Inc A Case Exercise In Business Ethics Bcg Matrix
- Smokers: To Hire Or Not? A Human Resources Ethics Issue: Case Scenario And Good Practices For Human Resources Ethics Consideration Bcg Matrix
- Utilitarianism, Deontology And Virtue Ethics: Teaching Ethical Philosophy By Means Of A Case Study Bcg Matrix
- Creating Community Based Learning Opportunities In Sustainable Supply Chain Management Curriculum Bcg Matrix
- Teaching Business Ethics Through Narrative Film Bcg Matrix
- Using Debate To Understand How Unethical Decisions Can Be Made By Ethical Organizations Bcg Matrix
- Creation Of Shared Value In Action: The Case Of A Living Lab Using Transformative Learning Bcg Matrix
- Teaching Catholic Stakeholder Thinking Using The Open Ended Case Method Bcg Matrix
- The Ethics Project: Teaching Business Ethics Through Student Created Entrepreneurial Action Bcg Matrix
Previous Articles
- State Bank Of India's Osaka Experience Bcg Matrix
- Bridging The Rural Urban Divide In Developing Nations: SBI Youth For India Model Bcg Matrix
- Grandage Services India Ltd: Start Up Growing Pains In Elderly Care Bcg Matrix
- Aptech Limited: Hedging Uncertainty And Achieving Service Excellence Bcg Matrix
- Six Sigma Deployment At Tata Communications Limited, India A Case Study Bcg Matrix
- The Creation Of A Cryptocurrency To Support Disintermediation Bcg Matrix
- Medicine Supply Chain Of The Public Healthcare System In The Punjab Bcg Matrix
- The Well Intentioned Compensation Package Bcg Matrix
- When Cultures Meet: A Case Of Nike And Kukdong In Mexico Bcg Matrix
- State Treasury Management System: A Case Of Sustainability Bcg Matrix
Be a great writer or hire a greater one!
Academic writing has no room for errors and mistakes. If you have BIG dreams to score BIG, think out of the box and hire Case48 with BIG enough reputation.
Our Guarantees
Interesting Fact
Most recent surveys suggest that around 76 % students try professional academic writing services at least once in their lifetime!