VRIO Analysis of Empire State Realty Trust Inc
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Empire State Realty Trust Inc will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Empire State Realty Trust Inc 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 Empire State Realty Trust Inc VRIO Analysis shows that the financial resources of Empire State Realty Trust Inc are highly valuable as these help in investing into external opportunities that arise. These also help Empire State Realty Trust Inc in combating external threats.
- According to the VRIO Analysis of Empire State Realty Trust Inc, 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 Empire State Realty Trust Inc VRIO Analysis shows that Empire State Realty Trust Inc'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 Empire State Realty Trust Inc's products.
- According to the VRIO Analysis of Empire State Realty Trust Inc, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Empire State Realty Trust Inc. These patents also provide Empire State Realty Trust Inc with licensing revenue when it licenses these patents out to other manufacturers.
- The Empire State Realty Trust Inc VRIO Analysis shows that Empire State Realty Trust Inc’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Empire State Realty Trust Inc. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Empire State Realty Trust Inc, 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 Empire State Realty Trust Inc VRIO Analysis shows that the research and development at Empire State Realty Trust Inc 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 Empire State Realty Trust Inc. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Empire State Realty Trust Inc are found to be rare according to the VRIO Analysis of Empire State Realty Trust Inc. 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 Empire State Realty Trust Inc 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 Empire State Realty Trust Inc and inhibit competitive advantage. This means that the local food products result in competitive parity for Empire State Realty Trust Inc. As this resource is valuable, Empire State Realty Trust Inc can still make use of this resource.
- The employees of Empire State Realty Trust Inc are a rare resource as identified by the VRIO Analysis of Empire State Realty Trust Inc. 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 Empire State Realty Trust Inc are a rare resource as identified by the Empire State Realty Trust Inc VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Empire State Realty Trust Inc to use them without interference from the competition.
- The distribution network of Empire State Realty Trust Inc is a rare resource as identified by the VRIO Analysis of Empire State Realty Trust Inc. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Empire State Realty Trust Inc. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Empire State Realty Trust Inc are costly to imitate as identified by the Empire State Realty Trust Inc 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 Empire State Realty Trust Inc. 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 Empire State Realty Trust Inc provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Empire State Realty Trust Inc are also not costly to imitate as identified by the Empire State Realty Trust Inc VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Empire State Realty Trust Inc by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Empire State Realty Trust Inc a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Empire State Realty Trust Inc are very difficult to imitate as identified by the VRIO Analysis of Empire State Realty Trust Inc. 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 Empire State Realty Trust Inc is also very costly to imitate by competition as identified by the Empire State Realty Trust Inc VRIO Analysis. This has been developed over the years gradually by Empire State Realty Trust Inc. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Empire State Realty Trust Inc are organised to capture value as identified by the VRIO Analysis of Empire State Realty Trust Inc. 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 Empire State Realty Trust Inc.
- The Patents of Empire State Realty Trust Inc are not well organised as identified by the Empire State Realty Trust Inc 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 Empire State Realty Trust Inc starts selling patented products before the patents expire.
- The distribution network of Empire State Realty Trust Inc is organised as identified by the VRIO Analysis of Empire State Realty Trust Inc. Empire State Realty Trust Inc 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 Empire State Realty Trust Inc.
From the VRIO Analysis of Empire State Realty Trust Inc, 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 Empire State Realty Trust Inc 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.
Kalidas Rajeev
5.0
Got poor grades last semester and hired this service in this semester for doing the assignment at the right time. My CGPA is improving this semester. Thanks!
Tanner Slayton
5.0
I am going through a terrible time now and this period, this company is here to tackle my academic papers.
Ludovic Alexis
5.0
Thanks for coordinating with me! I was very skeptical in the beginning but this site changed my views. Will appoint this company in the future. Thank you very much!
ANDRADA ROLEA
5.0
Great service. Waiting for results now
Next Articles
- Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Vrio Analysis
- Encompass Health Corporation Vrio Analysis
- Endava Plc Vrio Analysis
- Endeavour Silver Corporation Vrio Analysis
- Enel Chile S.A. Vrio Analysis
- Energy Transfer L.P. Vrio Analysis
- Energy Transfer Operating, L.P. Vrio Analysis
- Entergy Arkansas, LLC Vrio Analysis
- Entergy Louisiana, Inc. Vrio Analysis
- Entergy Mississippi, LLC Vrio Analysis
Previous Articles
- Emerson Electric Company Vrio Analysis
- Emerald Expositions Events, Inc. Vrio Analysis
- Ellington Residential Mortgage REIT Vrio Analysis
- Ellington Financial LLC Vrio Analysis
- Elevate Credit, Inc. Vrio Analysis
- Elastic N.V. Vrio Analysis
- Elanco Animal Health Incorporated Vrio Analysis
- El Paso Corporation Vrio Analysis
- Eaton Vance Enhance Equity Income Fund Vrio Analysis
- Eaton Vance Corporation 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!