VRIO Analysis of Wells Fargo Income Opportunities Fund
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Wells Fargo Income Opportunities Fund will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Wells Fargo Income Opportunities Fund 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 Wells Fargo Income Opportunities Fund VRIO Analysis shows that the financial resources of Wells Fargo Income Opportunities Fund are highly valuable as these help in investing into external opportunities that arise. These also help Wells Fargo Income Opportunities Fund in combating external threats.
- According to the VRIO Analysis of Wells Fargo Income Opportunities Fund, 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 Wells Fargo Income Opportunities Fund VRIO Analysis shows that Wells Fargo Income Opportunities Fund'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 Wells Fargo Income Opportunities Fund's products.
- According to the VRIO Analysis of Wells Fargo Income Opportunities Fund, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Wells Fargo Income Opportunities Fund. These patents also provide Wells Fargo Income Opportunities Fund with licensing revenue when it licenses these patents out to other manufacturers.
- The Wells Fargo Income Opportunities Fund VRIO Analysis shows that Wells Fargo Income Opportunities Fund’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Wells Fargo Income Opportunities Fund. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Wells Fargo Income Opportunities Fund, 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 Wells Fargo Income Opportunities Fund VRIO Analysis shows that the research and development at Wells Fargo Income Opportunities Fund 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 Wells Fargo Income Opportunities Fund. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Wells Fargo Income Opportunities Fund are found to be rare according to the VRIO Analysis of Wells Fargo Income Opportunities Fund. 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 Wells Fargo Income Opportunities Fund 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 Wells Fargo Income Opportunities Fund and inhibit competitive advantage. This means that the local food products result in competitive parity for Wells Fargo Income Opportunities Fund. As this resource is valuable, Wells Fargo Income Opportunities Fund can still make use of this resource.
- The employees of Wells Fargo Income Opportunities Fund are a rare resource as identified by the VRIO Analysis of Wells Fargo Income Opportunities Fund. 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 Wells Fargo Income Opportunities Fund are a rare resource as identified by the Wells Fargo Income Opportunities Fund VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Wells Fargo Income Opportunities Fund to use them without interference from the competition.
- The distribution network of Wells Fargo Income Opportunities Fund is a rare resource as identified by the VRIO Analysis of Wells Fargo Income Opportunities Fund. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Wells Fargo Income Opportunities Fund. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Wells Fargo Income Opportunities Fund are costly to imitate as identified by the Wells Fargo Income Opportunities Fund 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 Wells Fargo Income Opportunities Fund. 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 Wells Fargo Income Opportunities Fund provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Wells Fargo Income Opportunities Fund are also not costly to imitate as identified by the Wells Fargo Income Opportunities Fund VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Wells Fargo Income Opportunities Fund by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Wells Fargo Income Opportunities Fund a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Wells Fargo Income Opportunities Fund are very difficult to imitate as identified by the VRIO Analysis of Wells Fargo Income Opportunities Fund. 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 Wells Fargo Income Opportunities Fund is also very costly to imitate by competition as identified by the Wells Fargo Income Opportunities Fund VRIO Analysis. This has been developed over the years gradually by Wells Fargo Income Opportunities Fund. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Wells Fargo Income Opportunities Fund are organised to capture value as identified by the VRIO Analysis of Wells Fargo Income Opportunities Fund. 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 Wells Fargo Income Opportunities Fund.
- The Patents of Wells Fargo Income Opportunities Fund are not well organised as identified by the Wells Fargo Income Opportunities Fund 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 Wells Fargo Income Opportunities Fund starts selling patented products before the patents expire.
- The distribution network of Wells Fargo Income Opportunities Fund is organised as identified by the VRIO Analysis of Wells Fargo Income Opportunities Fund. Wells Fargo Income Opportunities Fund 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 Wells Fargo Income Opportunities Fund.
From the VRIO Analysis of Wells Fargo Income Opportunities Fund, 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 Wells Fargo Income Opportunities Fund 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.
Miles Richard
5.0
I was confused about which type of topic I should choose for the Dissertation Proposal but I just appointed this service and forgot everything. I received the paper on time and pleased because everything was in such a explained way!
Jennifer Medina
5.0
Thanks!
Mia
5.0
Tried many services but all provided me. Received the assignment with the fastest turnaround—very good writing style.
Bekhan Aleksie
5.0
Incredible service for the dissertation writing. I am very happy with my paper. Grateful!
Next Articles
- Wells Fargo Multi Sector Income Fund Vrio Analysis
- Wells Fargo Utilities And High Income Fund Vrio Analysis
- Zomedica Pharmaceuticals Corp. Vrio Analysis
- A.O Smith Corporation Vrio Analysis
- Aaron's, Inc. Vrio Analysis
- Aberdeen Global Dynamic Dividend Fund Vrio Analysis
- Aberdeen Global Premier Properties Fund Vrio Analysis
- Aberdeen Income Credit Strategies Fund Vrio Analysis
- Aberdeen Japan Equity Fund, Inc. Vrio Analysis
- Aberdeen Total Dynamic Dividend Fund Vrio Analysis
Previous Articles
- Vista Gold Corporation Vrio Analysis
- Ur Energy Inc Vrio Analysis
- Trinity Place Holdings Inc. Vrio Analysis
- The Gabelli Go Anywhere Trust Vrio Analysis
- The Gabelli Global Utility And Income Trust Vrio Analysis
- Talos Energy, Inc. Vrio Analysis
- Takung Art Co., Ltd. Vrio Analysis
- Standard Diversified Inc. Vrio Analysis
- Southern California Edison Company Vrio Analysis
- Solitario Zinc Corp. 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!