VRIO Analysis of Cardiovascular Systems Inc
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Cardiovascular Systems Inc will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Cardiovascular Systems 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 Cardiovascular Systems Inc VRIO Analysis shows that the financial resources of Cardiovascular Systems Inc are highly valuable as these help in investing into external opportunities that arise. These also help Cardiovascular Systems Inc in combating external threats.
- According to the VRIO Analysis of Cardiovascular Systems 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 Cardiovascular Systems Inc VRIO Analysis shows that Cardiovascular Systems 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 Cardiovascular Systems Inc's products.
- According to the VRIO Analysis of Cardiovascular Systems 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 Cardiovascular Systems Inc. These patents also provide Cardiovascular Systems Inc with licensing revenue when it licenses these patents out to other manufacturers.
- The Cardiovascular Systems Inc VRIO Analysis shows that Cardiovascular Systems Inc’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Cardiovascular Systems Inc. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Cardiovascular Systems 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 Cardiovascular Systems Inc VRIO Analysis shows that the research and development at Cardiovascular Systems 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 Cardiovascular Systems Inc. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Cardiovascular Systems Inc are found to be rare according to the VRIO Analysis of Cardiovascular Systems 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 Cardiovascular Systems 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 Cardiovascular Systems Inc and inhibit competitive advantage. This means that the local food products result in competitive parity for Cardiovascular Systems Inc. As this resource is valuable, Cardiovascular Systems Inc can still make use of this resource.
- The employees of Cardiovascular Systems Inc are a rare resource as identified by the VRIO Analysis of Cardiovascular Systems 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 Cardiovascular Systems Inc are a rare resource as identified by the Cardiovascular Systems Inc VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Cardiovascular Systems Inc to use them without interference from the competition.
- The distribution network of Cardiovascular Systems Inc is a rare resource as identified by the VRIO Analysis of Cardiovascular Systems Inc. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Cardiovascular Systems Inc. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Cardiovascular Systems Inc are costly to imitate as identified by the Cardiovascular Systems 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 Cardiovascular Systems 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 Cardiovascular Systems Inc provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Cardiovascular Systems Inc are also not costly to imitate as identified by the Cardiovascular Systems Inc VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Cardiovascular Systems Inc by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Cardiovascular Systems Inc a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Cardiovascular Systems Inc are very difficult to imitate as identified by the VRIO Analysis of Cardiovascular Systems 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 Cardiovascular Systems Inc is also very costly to imitate by competition as identified by the Cardiovascular Systems Inc VRIO Analysis. This has been developed over the years gradually by Cardiovascular Systems Inc. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Cardiovascular Systems Inc are organised to capture value as identified by the VRIO Analysis of Cardiovascular Systems 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 Cardiovascular Systems Inc.
- The Patents of Cardiovascular Systems Inc are not well organised as identified by the Cardiovascular Systems 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 Cardiovascular Systems Inc starts selling patented products before the patents expire.
- The distribution network of Cardiovascular Systems Inc is organised as identified by the VRIO Analysis of Cardiovascular Systems Inc. Cardiovascular Systems 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 Cardiovascular Systems Inc.
From the VRIO Analysis of Cardiovascular Systems 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 Cardiovascular Systems 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.
Pierre Hector
5.0
I watched for the good expert with appropriate prices and grateful to Almighty for blessing me with this service. There was even not a word in the paper that needed to be managed. Thanks a lot!
Sebastian Dave
5.0
Extremely dedicated to work and professional people. I’m thankful for this service!
Ellie Tim
5.0
The assignment was flawless in every way. Even the plagiarism rate was so low that the software highlighted only 2% pirated content.
Bohai Qi
5.0
These guys absolutely make documents in keeping with students' requirements. Very good and just a perfect assignment!
Next Articles
- Capital Senior Living Corporation Vrio Analysis
- CTI BioPharma Corp. Vrio Analysis
- Catalent, Inc. Vrio Analysis
- CytomX Therapeutics, Inc. Vrio Analysis
- ContraVir Pharmaceuticals, Inc. Vrio Analysis
- Cytosorbents Corporation Vrio Analysis
- Neuralstem, Inc. Vrio Analysis
- Cutera, Inc. Vrio Analysis
- CEL SCI Corporation Vrio Analysis
- Corindus Vascular Robotics, Inc. Vrio Analysis
Previous Articles
- Champions Oncology, Inc. Vrio Analysis
- CryoLife, Inc. Vrio Analysis
- Corvus Pharmaceuticals, Inc. Vrio Analysis
- CRISPR Therapeutics AG Vrio Analysis
- Cardiome Pharma Corp. Vrio Analysis
- CorMedix, Inc. Vrio Analysis
- Charles River Laboratories International, Inc. Vrio Analysis
- Curis, Inc. Vrio Analysis
- Corbus Pharmaceuticals Holdings, Inc. Vrio Analysis
- Catalyst Pharmaceuticals, Inc. 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!