VRIO Analysis of Uncovering Patterns in Cybershopping

Posted by Zachary Edwards on Mar-22-2018

The VRIO Analysis of Uncovering Patterns in Cybershopping will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Uncovering Patterns in Cybershopping 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 Uncovering Patterns in Cybershopping VRIO Analysis shows that the financial resources of Uncovering Patterns in Cybershopping are highly valuable as these help in investing into external opportunities that arise. These also help Uncovering Patterns in Cybershopping in combating external threats.
• According to the VRIO Analysis of Uncovering Patterns in Cybershopping, 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 Uncovering Patterns in Cybershopping VRIO Analysis shows that Uncovering Patterns in Cybershopping'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 Uncovering Patterns in Cybershopping's products.
• According to the VRIO Analysis of Uncovering Patterns in Cybershopping, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Uncovering Patterns in Cybershopping. These patents also provide Uncovering Patterns in Cybershopping with licensing revenue when it licenses these patents out to other manufacturers.
• The Uncovering Patterns in Cybershopping VRIO Analysis shows that Uncovering Patterns in Cybershopping’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Uncovering Patterns in Cybershopping. It also ensures that promotion activities translate into sales as the products are easily available.
• According to the VRIO Analysis of Uncovering Patterns in Cybershopping, 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 Uncovering Patterns in Cybershopping VRIO Analysis shows that the research and development at Uncovering Patterns in Cybershopping 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 Uncovering Patterns in Cybershopping. It is recommended that the research and development teams are improved, and costs are cut for these.

Rare

• The financial resources of Uncovering Patterns in Cybershopping are found to be rare according to the VRIO Analysis of Uncovering Patterns in Cybershopping. 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 Uncovering Patterns in Cybershopping 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 Uncovering Patterns in Cybershopping and inhibit competitive advantage. This means that the local food products result in competitive parity for Uncovering Patterns in Cybershopping. As this resource is valuable, Uncovering Patterns in Cybershopping can still make use of this resource.
• The employees of Uncovering Patterns in Cybershopping are a rare resource as identified by the VRIO Analysis of Uncovering Patterns in Cybershopping. 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 Uncovering Patterns in Cybershopping are a rare resource as identified by the Uncovering Patterns in Cybershopping VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Uncovering Patterns in Cybershopping to use them without interference from the competition.
• The distribution network of Uncovering Patterns in Cybershopping is a rare resource as identified by the VRIO Analysis of Uncovering Patterns in Cybershopping. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Uncovering Patterns in Cybershopping. These are also possessed by very few firms in the industry.

Imitable

• The financial resources of Uncovering Patterns in Cybershopping are costly to imitate as identified by the Uncovering Patterns in Cybershopping 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 Uncovering Patterns in Cybershopping. 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 Uncovering Patterns in Cybershopping provide it with a temporary competitive advantage that competitors can too acquire in the long run.
• The employees of Uncovering Patterns in Cybershopping are also not costly to imitate as identified by the Uncovering Patterns in Cybershopping VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Uncovering Patterns in Cybershopping by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Uncovering Patterns in Cybershopping a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
• The patents of Uncovering Patterns in Cybershopping are very difficult to imitate as identified by the VRIO Analysis of Uncovering Patterns in Cybershopping. 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 Uncovering Patterns in Cybershopping is also very costly to imitate by competition as identified by the Uncovering Patterns in Cybershopping VRIO Analysis. This has been developed over the years gradually by Uncovering Patterns in Cybershopping. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.

Organisation

• The financial resources of Uncovering Patterns in Cybershopping are organised to capture value as identified by the VRIO Analysis of Uncovering Patterns in Cybershopping. 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 Uncovering Patterns in Cybershopping.
• The Patents of Uncovering Patterns in Cybershopping are not well organised as identified by the Uncovering Patterns in Cybershopping 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 Uncovering Patterns in Cybershopping starts selling patented products before the patents expire.
• The distribution network of Uncovering Patterns in Cybershopping is organised as identified by the VRIO Analysis of Uncovering Patterns in Cybershopping. Uncovering Patterns in Cybershopping 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 Uncovering Patterns in Cybershopping.

From the VRIO Analysis of Uncovering Patterns in Cybershopping, 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 Uncovering Patterns in Cybershopping is a competitive disadvantage. Research and Development is also a competitive disadvantage.