- 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 Hancock Land Co and Hancock Lumber Co B
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Hancock Land Co and Hancock Lumber Co B will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Hancock Land Co and Hancock Lumber Co B 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 Hancock Land Co and Hancock Lumber Co B VRIO Analysis shows that the financial resources of Hancock Land Co and Hancock Lumber Co B are highly valuable as these help in investing into external opportunities that arise. These also help Hancock Land Co and Hancock Lumber Co B in combating external threats.
- According to the VRIO Analysis of Hancock Land Co and Hancock Lumber Co B, 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 Hancock Land Co and Hancock Lumber Co B VRIO Analysis shows that Hancock Land Co and Hancock Lumber Co B'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 Hancock Land Co and Hancock Lumber Co B's products.
- According to the VRIO Analysis of Hancock Land Co and Hancock Lumber Co B, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Hancock Land Co and Hancock Lumber Co B. These patents also provide Hancock Land Co and Hancock Lumber Co B with licensing revenue when it licenses these patents out to other manufacturers.
- The Hancock Land Co and Hancock Lumber Co B VRIO Analysis shows that Hancock Land Co and Hancock Lumber Co B’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Hancock Land Co and Hancock Lumber Co B. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Hancock Land Co and Hancock Lumber Co B, 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 Hancock Land Co and Hancock Lumber Co B VRIO Analysis shows that the research and development at Hancock Land Co and Hancock Lumber Co B 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 Hancock Land Co and Hancock Lumber Co B. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Hancock Land Co and Hancock Lumber Co B are found to be rare according to the VRIO Analysis of Hancock Land Co and Hancock Lumber Co B. 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 Hancock Land Co and Hancock Lumber Co B 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 Hancock Land Co and Hancock Lumber Co B and inhibit competitive advantage. This means that the local food products result in competitive parity for Hancock Land Co and Hancock Lumber Co B. As this resource is valuable, Hancock Land Co and Hancock Lumber Co B can still make use of this resource.
- The employees of Hancock Land Co and Hancock Lumber Co B are a rare resource as identified by the VRIO Analysis of Hancock Land Co and Hancock Lumber Co B. 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 Hancock Land Co and Hancock Lumber Co B are a rare resource as identified by the Hancock Land Co and Hancock Lumber Co B VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Hancock Land Co and Hancock Lumber Co B to use them without interference from the competition.
- The distribution network of Hancock Land Co and Hancock Lumber Co B is a rare resource as identified by the VRIO Analysis of Hancock Land Co and Hancock Lumber Co B. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Hancock Land Co and Hancock Lumber Co B. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Hancock Land Co and Hancock Lumber Co B are costly to imitate as identified by the Hancock Land Co and Hancock Lumber Co B 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 Hancock Land Co and Hancock Lumber Co B. 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 Hancock Land Co and Hancock Lumber Co B provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Hancock Land Co and Hancock Lumber Co B are also not costly to imitate as identified by the Hancock Land Co and Hancock Lumber Co B VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Hancock Land Co and Hancock Lumber Co B by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Hancock Land Co and Hancock Lumber Co B a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Hancock Land Co and Hancock Lumber Co B are very difficult to imitate as identified by the VRIO Analysis of Hancock Land Co and Hancock Lumber Co B. 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 Hancock Land Co and Hancock Lumber Co B is also very costly to imitate by competition as identified by the Hancock Land Co and Hancock Lumber Co B VRIO Analysis. This has been developed over the years gradually by Hancock Land Co and Hancock Lumber Co B. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Hancock Land Co and Hancock Lumber Co B are organised to capture value as identified by the VRIO Analysis of Hancock Land Co and Hancock Lumber Co B. 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 Hancock Land Co and Hancock Lumber Co B.
- The Patents of Hancock Land Co and Hancock Lumber Co B are not well organised as identified by the Hancock Land Co and Hancock Lumber Co B 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 Hancock Land Co and Hancock Lumber Co B starts selling patented products before the patents expire.
- The distribution network of Hancock Land Co and Hancock Lumber Co B is organised as identified by the VRIO Analysis of Hancock Land Co and Hancock Lumber Co B. Hancock Land Co and Hancock Lumber Co B 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 Hancock Land Co and Hancock Lumber Co B.
From the VRIO Analysis of Hancock Land Co and Hancock Lumber Co B, 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 Hancock Land Co and Hancock Lumber Co B 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.
Emilie Yoann
5.0
This service is really essential for those students who are seeking out a good service with modest fees.
Ajay Dikshit
5.0
These guys helped me a lot and I received an A+. They also provided me with the pirated content report free and I appreciate this professionalism. Thanks!
Marie Adam
5.0
This assignment writing service works as advertised. Turnitin report was attached to my assignment that was the proof of this service’s professionalism. Highly recommended service!
Mihaela Ebrahimi Javidi
5.0
The best work ever
Next Articles
- MD Foods Amba Vrio Analysis
- Kellogg And Wilmar International: A Partnership Under Fire Vrio Analysis
- Al Islami Foods: Beyond Dubai Vrio Analysis
- Unilever: Combatting Global Food Waste Vrio Analysis
- Forest Stewardship Council Vrio Analysis
- Mexican Foundation For Rural Development Vrio Analysis
- Cigarette Wars (B) Vrio Analysis
- Corn Products International, Inc. Vrio Analysis
- Hariyali Kisaan Bazaar: A Rural Business Initiative Vrio Analysis
- Yara International: Africa Strategy Vrio Analysis
Previous Articles
- BRL Hardy: Globalizing An Australian Wine Company: Interviews With Steve Millar And Christopher Carson, Video Vrio Analysis
- The Exxon Valdez Revisited: The Untold Story (A) Vrio Analysis
- Migros Vrio Analysis
- Case Corp. Vrio Analysis
- Alcoma: The Strategic Use Of Frozen Concentrated Orange Juice Futures Vrio Analysis
- Chateau Pontet Canet Vrio Analysis
- Malaysia: Standing On A Single Leaf Vrio Analysis
- Bay State Milling Co. Vrio Analysis
- Southwest Lumber Distributors Vrio Analysis
- Philip Morris K.K. 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!