- 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 Note on Setting the Scope of Your Business
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Note on Setting the Scope of Your Business will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Note on Setting the Scope of Your Business 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 Note on Setting the Scope of Your Business VRIO Analysis shows that the financial resources of Note on Setting the Scope of Your Business are highly valuable as these help in investing into external opportunities that arise. These also help Note on Setting the Scope of Your Business in combating external threats.
- According to the VRIO Analysis of Note on Setting the Scope of Your Business, 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 Note on Setting the Scope of Your Business VRIO Analysis shows that Note on Setting the Scope of Your Business'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 Note on Setting the Scope of Your Business's products.
- According to the VRIO Analysis of Note on Setting the Scope of Your Business, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Note on Setting the Scope of Your Business. These patents also provide Note on Setting the Scope of Your Business with licensing revenue when it licenses these patents out to other manufacturers.
- The Note on Setting the Scope of Your Business VRIO Analysis shows that Note on Setting the Scope of Your Business’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Note on Setting the Scope of Your Business. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Note on Setting the Scope of Your Business, 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 Note on Setting the Scope of Your Business VRIO Analysis shows that the research and development at Note on Setting the Scope of Your Business 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 Note on Setting the Scope of Your Business. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Note on Setting the Scope of Your Business are found to be rare according to the VRIO Analysis of Note on Setting the Scope of Your Business. 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 Note on Setting the Scope of Your Business 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 Note on Setting the Scope of Your Business and inhibit competitive advantage. This means that the local food products result in competitive parity for Note on Setting the Scope of Your Business. As this resource is valuable, Note on Setting the Scope of Your Business can still make use of this resource.
- The employees of Note on Setting the Scope of Your Business are a rare resource as identified by the VRIO Analysis of Note on Setting the Scope of Your Business. 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 Note on Setting the Scope of Your Business are a rare resource as identified by the Note on Setting the Scope of Your Business VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Note on Setting the Scope of Your Business to use them without interference from the competition.
- The distribution network of Note on Setting the Scope of Your Business is a rare resource as identified by the VRIO Analysis of Note on Setting the Scope of Your Business. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Note on Setting the Scope of Your Business. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Note on Setting the Scope of Your Business are costly to imitate as identified by the Note on Setting the Scope of Your Business 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 Note on Setting the Scope of Your Business. 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 Note on Setting the Scope of Your Business provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Note on Setting the Scope of Your Business are also not costly to imitate as identified by the Note on Setting the Scope of Your Business VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Note on Setting the Scope of Your Business by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Note on Setting the Scope of Your Business a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Note on Setting the Scope of Your Business are very difficult to imitate as identified by the VRIO Analysis of Note on Setting the Scope of Your Business. 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 Note on Setting the Scope of Your Business is also very costly to imitate by competition as identified by the Note on Setting the Scope of Your Business VRIO Analysis. This has been developed over the years gradually by Note on Setting the Scope of Your Business. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Note on Setting the Scope of Your Business are organised to capture value as identified by the VRIO Analysis of Note on Setting the Scope of Your Business. 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 Note on Setting the Scope of Your Business.
- The Patents of Note on Setting the Scope of Your Business are not well organised as identified by the Note on Setting the Scope of Your Business 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 Note on Setting the Scope of Your Business starts selling patented products before the patents expire.
- The distribution network of Note on Setting the Scope of Your Business is organised as identified by the VRIO Analysis of Note on Setting the Scope of Your Business. Note on Setting the Scope of Your Business 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 Note on Setting the Scope of Your Business.
From the VRIO Analysis of Note on Setting the Scope of Your Business, 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 Note on Setting the Scope of Your Business 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.
Anam Aziz
5.0
The expert utilized the 36+ resources for the assignment of seven pages. I’m impressed bu him.
Imogen Ali
5.0
I’ve received a plagiarism-free paper. Highly recommended!
Sara Victor
5.0
The delivery was on time. I am really satisfied and pleased with this writing service. Thank you very much!
Tegan Alex
5.0
I have used this service for my research paper and it was awesome with its job. These guys are the best. Highly recommended!
Next Articles
- Alfa Laval Agri (B): Launching The "Green Circle" Vrio Analysis
- Pepsi Grows Potatoes In China Vrio Analysis
- Fishery Products International Ltd.: A New Challenge Vrio Analysis
- McDonald's: The Hamburger Price Wars Vrio Analysis
- BAKRA BEVERAGE Confidential Instructions For Bakra Beverage's Sales Director Vrio Analysis
- Anheuser Busch Versus SABMiller: Bidding War In China's Beer Industry Vrio Analysis
- Jamba Juice (B) Vrio Analysis
- Adam Baxter Co./Local 190: 1985 Negotiation, Local 190 Confidential Information Vrio Analysis
- PepsiCo: The Challenge Of Growth Through Innovation Vrio Analysis
- Marks And Spencer Ltd. (A) Vrio Analysis
Previous Articles
- Hundred Year War: Coke Vs. Pepsi 1890s 1990s Vrio Analysis
- PACRIM DISPUTE Confidential Instructions For The Representative Of Fuji Vrio Analysis
- Cola Wars: Going Global Vrio Analysis
- Harmon Foods, Inc., Spanish Version Vrio Analysis
- Bitter Competition: The Holland Sweetener Co. Vs. NutraSweet (D), Spanish Version Vrio Analysis
- PACRIM DISPUTE General Instructions Vrio Analysis
- Cadbury Schweppes (C): The Performance Management Process Vrio Analysis
- Sula Vineyards Vrio Analysis
- Illycaffe And Gruppo Illy (A): Expanding Beyond Gourmet Coffee Vrio Analysis
- Adam Baxter Co./Local 190: 1983 Negotiation, Baxter Management Confidential Information 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!