- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The ITC LTD Toward a Triple Bottom Line Performance 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 ITC LTD Toward a Triple Bottom Line Performance VRIO Analysis shows that the financial resources of ITC LTD Toward a Triple Bottom Line Performance are highly valuable as these help in investing into external opportunities that arise. These also help ITC LTD Toward a Triple Bottom Line Performance in combating external threats.
- According to the VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance, 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 ITC LTD Toward a Triple Bottom Line Performance VRIO Analysis shows that ITC LTD Toward a Triple Bottom Line Performance'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 ITC LTD Toward a Triple Bottom Line Performance's products.
- According to the VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for ITC LTD Toward a Triple Bottom Line Performance. These patents also provide ITC LTD Toward a Triple Bottom Line Performance with licensing revenue when it licenses these patents out to other manufacturers.
- The ITC LTD Toward a Triple Bottom Line Performance VRIO Analysis shows that ITC LTD Toward a Triple Bottom Line Performance’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for ITC LTD Toward a Triple Bottom Line Performance. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance, 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 ITC LTD Toward a Triple Bottom Line Performance VRIO Analysis shows that the research and development at ITC LTD Toward a Triple Bottom Line Performance 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 ITC LTD Toward a Triple Bottom Line Performance. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of ITC LTD Toward a Triple Bottom Line Performance are found to be rare according to the VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance. 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 ITC LTD Toward a Triple Bottom Line Performance 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 ITC LTD Toward a Triple Bottom Line Performance and inhibit competitive advantage. This means that the local food products result in competitive parity for ITC LTD Toward a Triple Bottom Line Performance. As this resource is valuable, ITC LTD Toward a Triple Bottom Line Performance can still make use of this resource.
- The employees of ITC LTD Toward a Triple Bottom Line Performance are a rare resource as identified by the VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance. 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 ITC LTD Toward a Triple Bottom Line Performance are a rare resource as identified by the ITC LTD Toward a Triple Bottom Line Performance VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows ITC LTD Toward a Triple Bottom Line Performance to use them without interference from the competition.
- The distribution network of ITC LTD Toward a Triple Bottom Line Performance is a rare resource as identified by the VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of ITC LTD Toward a Triple Bottom Line Performance. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of ITC LTD Toward a Triple Bottom Line Performance are costly to imitate as identified by the ITC LTD Toward a Triple Bottom Line Performance 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 ITC LTD Toward a Triple Bottom Line Performance. 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 ITC LTD Toward a Triple Bottom Line Performance provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of ITC LTD Toward a Triple Bottom Line Performance are also not costly to imitate as identified by the ITC LTD Toward a Triple Bottom Line Performance VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from ITC LTD Toward a Triple Bottom Line Performance by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of ITC LTD Toward a Triple Bottom Line Performance a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of ITC LTD Toward a Triple Bottom Line Performance are very difficult to imitate as identified by the VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance. 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 ITC LTD Toward a Triple Bottom Line Performance is also very costly to imitate by competition as identified by the ITC LTD Toward a Triple Bottom Line Performance VRIO Analysis. This has been developed over the years gradually by ITC LTD Toward a Triple Bottom Line Performance. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of ITC LTD Toward a Triple Bottom Line Performance are organised to capture value as identified by the VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance. 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 ITC LTD Toward a Triple Bottom Line Performance.
- The Patents of ITC LTD Toward a Triple Bottom Line Performance are not well organised as identified by the ITC LTD Toward a Triple Bottom Line Performance 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 ITC LTD Toward a Triple Bottom Line Performance starts selling patented products before the patents expire.
- The distribution network of ITC LTD Toward a Triple Bottom Line Performance is organised as identified by the VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance. ITC LTD Toward a Triple Bottom Line Performance 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 ITC LTD Toward a Triple Bottom Line Performance.
From the VRIO Analysis of ITC LTD Toward a Triple Bottom Line Performance, 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 ITC LTD Toward a Triple Bottom Line Performance 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.
Sienna Finley
5.0
I was depressed because I was not getting enough time to write a dissertation. The writer made the work under my instruction and I didn’t get any weak points regarding writing style, reference and explanation. Thanks a lot!
Christina Max
5.0
This service supplies every type of paper on the fixed timeline. Thank you so much!
Julian Sebastian
5.0
The edition was very good and it was a good job. This company is the real one to the specifications of students.
Austin Nathan
5.0
Working with this service is the best experience that I have. I am so happy to rely on this service for college assignments. I’m completely grateful!
Next Articles
- Los Grobo: Farming's Future?, Spanish Version Vrio Analysis
- Bayer CropScience In India (A): Against Child Labor Vrio Analysis
- Reporting On Agribusiness In The 21st Century Vrio Analysis
- McKay Nursery Co. (B) Vrio Analysis
- International Agribusiness In China: Charoen Pokphand Group Vrio Analysis
- Blue River Technology (B) Vrio Analysis
- PepsiCo Peru Foods: More Than Small Potatoes Vrio Analysis
- DuPont NASCAR Marketing Vrio Analysis
- Coach K: A Matter Of The Heart Vrio Analysis
- Coach Knight: The Will To Win Vrio Analysis
Previous Articles
- Viterra Vrio Analysis
- The US USSR Grain Agreement Vrio Analysis
- ITC Limited: India First Vrio Analysis
- Hawaii Best, Inc. (B) Vrio Analysis
- BSE In Canada Vrio Analysis
- Delta & Pine Land: Measuring The Value Of Transgenic Cotton Vrio Analysis
- The Millennium Challenge Corporation And Ghana Vrio Analysis
- Hawaii Best, Inc. (A) Vrio Analysis
- Maria Yee Inc.: Making 'Green' Furniture In China Vrio Analysis
- Marine Stewardship Council (B): Departing In Uncharted Waters 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!