VRIO Analysis of EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist

Posted by Zachary Edwards on Mar-22-2018

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

Rare

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

Imitable

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

Organisation

• The financial resources of EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist are organised to capture value as identified by the VRIO Analysis of EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist. 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 EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist.
• The Patents of EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist are not well organised as identified by the EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist 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 EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist starts selling patented products before the patents expire.
• The distribution network of EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist is organised as identified by the VRIO Analysis of EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist. EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist 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 EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist.

From the VRIO Analysis of EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist, 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 EAZY S GARAGE - Confidential Instructions for the Counsel of Dr Susan Garfield Psychiatrist is a competitive disadvantage. Research and Development is also a competitive disadvantage.