VRIO Analysis of Golden Mile Resources Ltd
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Golden Mile Resources Ltd will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Golden Mile Resources Ltd VRIO Analysis also mentions at each stage whether these resources could be improved to provide a greater competitive advantage. Lastly, the resources analysed are summarised as to whether they offer sustained competitive advantage, has an unused competitive advantage, temporary competitive advantage, competitive parity or competitive disadvantage.
Valuable
- The Golden Mile Resources Ltd VRIO Analysis shows that the financial resources of Golden Mile Resources Ltd are highly valuable as these help in investing into external opportunities that arise. These also help Golden Mile Resources Ltd in combating external threats.
- According to the VRIO Analysis of Golden Mile Resources Ltd, its local food products are a valuable resource as these are highly differentiated. This makes the perceived value for these by customers high. These are also valued more than the competition by customers due to the differentiation in these products.
- The Golden Mile Resources Ltd VRIO Analysis shows that Golden Mile Resources Ltd's employees are a valuable resource to the firm. A significant portion of the workforce is highly trained, and this leads to more productive output for the organisation. The employees are also loyal, and retention levels for the organisation are high. All of this translates into greater value for the end consumers of Golden Mile Resources Ltd's products.
- According to the VRIO Analysis of Golden Mile Resources Ltd, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Golden Mile Resources Ltd. These patents also provide Golden Mile Resources Ltd with licensing revenue when it licenses these patents out to other manufacturers.
- The Golden Mile Resources Ltd VRIO Analysis shows that Golden Mile Resources Ltd’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Golden Mile Resources Ltd. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Golden Mile Resources Ltd, its cost structure is not a valuable resource. This is because the methods of production lead to greater costs than that of competition, which affects the overall profits of the firm. Therefore, its cost structure is a competitive disadvantage that needs to be worked on.
- The Golden Mile Resources Ltd VRIO Analysis shows that the research and development at Golden Mile Resources Ltd is not a valuable resource. This is because research and development are costing more than the benefits it provides in the form of innovation. There have been very few innovative features and breakthrough products in the past few years. Therefore, research and development are a competitive disadvantage for Golden Mile Resources Ltd. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Golden Mile Resources Ltd are found to be rare according to the VRIO Analysis of Golden Mile Resources Ltd. Strong financial resources are only possessed by a few companies in the industry.
- The local food products are found to be not rare as identified by Golden Mile Resources Ltd VRIO Analysis. These are easily provided in the market by other competitors. This means that competitors can use these resources in the same way as Golden Mile Resources Ltd and inhibit competitive advantage. This means that the local food products result in competitive parity for Golden Mile Resources Ltd. As this resource is valuable, Golden Mile Resources Ltd can still make use of this resource.
- The employees of Golden Mile Resources Ltd are a rare resource as identified by the VRIO Analysis of Golden Mile Resources Ltd. These employees are highly trained and skilled, which is not the case with employees in other firms. The better compensation and work environment ensure that these employees do not leave for other firms.
- The patents of Golden Mile Resources Ltd are a rare resource as identified by the Golden Mile Resources Ltd VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Golden Mile Resources Ltd to use them without interference from the competition.
- The distribution network of Golden Mile Resources Ltd is a rare resource as identified by the VRIO Analysis of Golden Mile Resources Ltd. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Golden Mile Resources Ltd. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Golden Mile Resources Ltd are costly to imitate as identified by the Golden Mile Resources Ltd VRIO Analysis. These resources have been acquired by the company through prolonged profits over the years. New entrants and competitors would require similar profits for a long period of time to accumulate these amounts of financial resources.
- The local food products are not that costly to imitate as identified by the VRIO Analysis of Golden Mile Resources Ltd. These can be acquired by competitors as well if they invest a significant amount in research and development. These also do not require years long experience. Therefore, the local food products by Golden Mile Resources Ltd provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Golden Mile Resources Ltd are also not costly to imitate as identified by the Golden Mile Resources Ltd VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Golden Mile Resources Ltd by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Golden Mile Resources Ltd a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Golden Mile Resources Ltd are very difficult to imitate as identified by the VRIO Analysis of Golden Mile Resources Ltd. This is because it is not legally allowed to imitate a patented product. Similar resources to be developed and getting a patent for them is also a costly process.
- The distribution network of Golden Mile Resources Ltd is also very costly to imitate by competition as identified by the Golden Mile Resources Ltd VRIO Analysis. This has been developed over the years gradually by Golden Mile Resources Ltd. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Golden Mile Resources Ltd are organised to capture value as identified by the VRIO Analysis of Golden Mile Resources Ltd. These resources are used strategically to invest in the right places; making use of opportunities and combatting threats. Therefore, these resources prove to be a source of sustained competitive advantage for Golden Mile Resources Ltd.
- The Patents of Golden Mile Resources Ltd are not well organised as identified by the Golden Mile Resources Ltd VRIO Analysis. This means that the organisation is not using these patents to their full potential. An unused competitive advantage exists that can be changed into a sustainable competitive advantage if Golden Mile Resources Ltd starts selling patented products before the patents expire.
- The distribution network of Golden Mile Resources Ltd is organised as identified by the VRIO Analysis of Golden Mile Resources Ltd. Golden Mile Resources Ltd uses this network to reach out to its customers by ensuring that products are available on all of its outlets. Therefore, these resources prove to be a source of sustained competitive advantage for Golden Mile Resources Ltd.
From the VRIO Analysis of Golden Mile Resources Ltd, it was identified that the financial resources and distribution network provide a sustained competitive advantage. The patents are a source of unused competitive advantage. There exists a temporary competitive advantage for employees. There exists a competitive parity for local food products. Lastly, the cost structure of Golden Mile Resources Ltd is a competitive disadvantage. Research and Development is also a competitive disadvantage.
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.
Joanne Bryant
5.0
These guys are turning academic life into heaven, where students are hassle-free and stress-free. Every point of the report was clarified!
Mariam Marco
5.0
I started to get help from this service during the last two semesters that upgraded the CGPA. Thank the lord because I don’t feel shy now to tell others about the CGPA.
Maxime Beaugard
5.0
I was late in submitting the paper so the fellow told me about this paper. Thank you Sacha for suggesting this service that removed all my troubles.
Achille Eden
5.0
This is the highest standard writing service that is offered me a lot of discounts. This service protected me from the falling of grades.
Next Articles
- Golden Rim Resources Ltd Vrio Analysis
- Gondwana Resources Limited Vrio Analysis
- Gr Engineering Services Limited Vrio Analysis
- Grange Resources Limited. Vrio Analysis
- Graphex Mining Limited Vrio Analysis
- Graphitecorp Limited Vrio Analysis
- Great Boulder Resources Limited Vrio Analysis
- Great Western Exploration Limited. Vrio Analysis
- Greenland Minerals And Energy Limited Vrio Analysis
- Gti Resources Limited Vrio Analysis
Previous Articles
- Golden Deeps Limited. Vrio Analysis
- Golden Cross Resources Ltd Vrio Analysis
- Gold Road Resources Limited Vrio Analysis
- Gold Mountain Limited Vrio Analysis
- Gme Resources Limited Vrio Analysis
- Globe Metals & Mining Limited Vrio Analysis
- Global Geoscience Limited Vrio Analysis
- Global Fortune Investment Limited Vrio Analysis
- Gladiator Resources Limited Vrio Analysis
- Gindalbie Metals Ltd Vrio Analysis
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!