VRIO Analysis of Ask Funding Limited
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Ask Funding Limited will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Ask Funding Limited 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 Ask Funding Limited VRIO Analysis shows that the financial resources of Ask Funding Limited are highly valuable as these help in investing into external opportunities that arise. These also help Ask Funding Limited in combating external threats.
- According to the VRIO Analysis of Ask Funding Limited, 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 Ask Funding Limited VRIO Analysis shows that Ask Funding Limited'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 Ask Funding Limited's products.
- According to the VRIO Analysis of Ask Funding Limited, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Ask Funding Limited. These patents also provide Ask Funding Limited with licensing revenue when it licenses these patents out to other manufacturers.
- The Ask Funding Limited VRIO Analysis shows that Ask Funding Limited’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Ask Funding Limited. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Ask Funding Limited, 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 Ask Funding Limited VRIO Analysis shows that the research and development at Ask Funding Limited 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 Ask Funding Limited. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Ask Funding Limited are found to be rare according to the VRIO Analysis of Ask Funding Limited. 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 Ask Funding Limited 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 Ask Funding Limited and inhibit competitive advantage. This means that the local food products result in competitive parity for Ask Funding Limited. As this resource is valuable, Ask Funding Limited can still make use of this resource.
- The employees of Ask Funding Limited are a rare resource as identified by the VRIO Analysis of Ask Funding Limited. 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 Ask Funding Limited are a rare resource as identified by the Ask Funding Limited VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Ask Funding Limited to use them without interference from the competition.
- The distribution network of Ask Funding Limited is a rare resource as identified by the VRIO Analysis of Ask Funding Limited. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Ask Funding Limited. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Ask Funding Limited are costly to imitate as identified by the Ask Funding Limited 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 Ask Funding Limited. 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 Ask Funding Limited provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Ask Funding Limited are also not costly to imitate as identified by the Ask Funding Limited VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Ask Funding Limited by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Ask Funding Limited a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Ask Funding Limited are very difficult to imitate as identified by the VRIO Analysis of Ask Funding Limited. 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 Ask Funding Limited is also very costly to imitate by competition as identified by the Ask Funding Limited VRIO Analysis. This has been developed over the years gradually by Ask Funding Limited. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Ask Funding Limited are organised to capture value as identified by the VRIO Analysis of Ask Funding Limited. 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 Ask Funding Limited.
- The Patents of Ask Funding Limited are not well organised as identified by the Ask Funding Limited 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 Ask Funding Limited starts selling patented products before the patents expire.
- The distribution network of Ask Funding Limited is organised as identified by the VRIO Analysis of Ask Funding Limited. Ask Funding Limited 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 Ask Funding Limited.
From the VRIO Analysis of Ask Funding Limited, 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 Ask Funding Limited 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.
Maya Jackson
5.0
I want to get the same appreciation from the teacher for a research paper as she appreciated me in the matter of the report. I'm hopeful that this service will form the assignment just as earliers.
Alara Guler
5.0
No wordiness and repetition in the assignment and that made me to rely on this service for any kind of college paper.
Yang Leo
5.0
The author made everything on time. Finally, I got the opportunity to complete the assignment on time. Thank you!
ESMAEIL GHAFFARIPOUR
5.0
Hello In my opinion, your team was very professional and responsible in carrying out and delivering the order, for which I am very grateful to you and the management of the collection. Sincerely ESMAEIL GHAFFARI POUR
Next Articles
- Asx Limited Vrio Analysis
- Aurora Global Income Trust Vrio Analysis
- Australian Ethical Investment Limited Vrio Analysis
- Australian Governance Masters Index Fund Limited Vrio Analysis
- Australian Leaders Fund Limited Vrio Analysis
- Australian Rural Capital Limited Vrio Analysis
- Australian United Investment Company Limited Vrio Analysis
- Axsesstoday Limited Vrio Analysis
- Bailador Technology Investments Limited Vrio Analysis
- Bell Financial Group Limited Vrio Analysis
Previous Articles
- Asian Masters Fund Limited Vrio Analysis
- Asf Group Limited Vrio Analysis
- Argo Global Listed Infrastructure Limited Vrio Analysis
- Apn Property Group Limited Vrio Analysis
- Amcil Limited Vrio Analysis
- Advanced Share Registry Limited Vrio Analysis
- Aberdeen Leaders Limited Vrio Analysis
- A1 Investments & Resources Ltd Vrio Analysis
- 8I Holdings Ltd Vrio Analysis
- Viagold Capital Limited 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!