- 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 Innovation at Progressive A Pay-As-You-Go Insurance
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Innovation at Progressive A Pay-As-You-Go Insurance 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 Innovation at Progressive A Pay-As-You-Go Insurance VRIO Analysis shows that the financial resources of Innovation at Progressive A Pay-As-You-Go Insurance are highly valuable as these help in investing into external opportunities that arise. These also help Innovation at Progressive A Pay-As-You-Go Insurance in combating external threats.
- According to the VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance, 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 Innovation at Progressive A Pay-As-You-Go Insurance VRIO Analysis shows that Innovation at Progressive A Pay-As-You-Go Insurance'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 Innovation at Progressive A Pay-As-You-Go Insurance's products.
- According to the VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Innovation at Progressive A Pay-As-You-Go Insurance. These patents also provide Innovation at Progressive A Pay-As-You-Go Insurance with licensing revenue when it licenses these patents out to other manufacturers.
- The Innovation at Progressive A Pay-As-You-Go Insurance VRIO Analysis shows that Innovation at Progressive A Pay-As-You-Go Insurance’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Innovation at Progressive A Pay-As-You-Go Insurance. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance, 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 Innovation at Progressive A Pay-As-You-Go Insurance VRIO Analysis shows that the research and development at Innovation at Progressive A Pay-As-You-Go Insurance 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 Innovation at Progressive A Pay-As-You-Go Insurance. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Innovation at Progressive A Pay-As-You-Go Insurance are found to be rare according to the VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance. 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 Innovation at Progressive A Pay-As-You-Go Insurance 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 Innovation at Progressive A Pay-As-You-Go Insurance and inhibit competitive advantage. This means that the local food products result in competitive parity for Innovation at Progressive A Pay-As-You-Go Insurance. As this resource is valuable, Innovation at Progressive A Pay-As-You-Go Insurance can still make use of this resource.
- The employees of Innovation at Progressive A Pay-As-You-Go Insurance are a rare resource as identified by the VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance. 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 Innovation at Progressive A Pay-As-You-Go Insurance are a rare resource as identified by the Innovation at Progressive A Pay-As-You-Go Insurance VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Innovation at Progressive A Pay-As-You-Go Insurance to use them without interference from the competition.
- The distribution network of Innovation at Progressive A Pay-As-You-Go Insurance is a rare resource as identified by the VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Innovation at Progressive A Pay-As-You-Go Insurance. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Innovation at Progressive A Pay-As-You-Go Insurance are costly to imitate as identified by the Innovation at Progressive A Pay-As-You-Go Insurance 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 Innovation at Progressive A Pay-As-You-Go Insurance. 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 Innovation at Progressive A Pay-As-You-Go Insurance provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Innovation at Progressive A Pay-As-You-Go Insurance are also not costly to imitate as identified by the Innovation at Progressive A Pay-As-You-Go Insurance VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Innovation at Progressive A Pay-As-You-Go Insurance by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Innovation at Progressive A Pay-As-You-Go Insurance a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Innovation at Progressive A Pay-As-You-Go Insurance are very difficult to imitate as identified by the VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance. 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 Innovation at Progressive A Pay-As-You-Go Insurance is also very costly to imitate by competition as identified by the Innovation at Progressive A Pay-As-You-Go Insurance VRIO Analysis. This has been developed over the years gradually by Innovation at Progressive A Pay-As-You-Go Insurance. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Innovation at Progressive A Pay-As-You-Go Insurance are organised to capture value as identified by the VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance. 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 Innovation at Progressive A Pay-As-You-Go Insurance.
- The Patents of Innovation at Progressive A Pay-As-You-Go Insurance are not well organised as identified by the Innovation at Progressive A Pay-As-You-Go Insurance 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 Innovation at Progressive A Pay-As-You-Go Insurance starts selling patented products before the patents expire.
- The distribution network of Innovation at Progressive A Pay-As-You-Go Insurance is organised as identified by the VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance. Innovation at Progressive A Pay-As-You-Go Insurance 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 Innovation at Progressive A Pay-As-You-Go Insurance.
From the VRIO Analysis of Innovation at Progressive A Pay-As-You-Go Insurance, 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 Innovation at Progressive A Pay-As-You-Go Insurance 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.
David Taylor
5.0
Let me share something. I’m a hardworking student but to do a part-time job with academics is really difficult. I made the timetable to carry the study many times but because of overwork, it was not seeming to act upon this. I appointed this service with the intention that if they demand high charges, I’ll move on to the next service. Thank you so much for the perfect work with the manageable charges.
Li Chen
5.0
I'm so appreciative when the professor checked the document. Will continue to appoint this service.
Lucia Santi
5.0
Provided paper was fully fabulous. Many times I got A+ because of the help of this service.
Annie Nick
5.0
Delivery is always on time and sometimes before the committed time frame. Prices are also budget-friendly and I'm absolutely pleased. Thank you!
Next Articles
- Lotus MarketPlace: Households Vrio Analysis
- ING Direct Canada Vrio Analysis
- Charles Schwab Corp. (A), Spanish Version Vrio Analysis
- Bank Of America (A) Vrio Analysis
- Pilgrim Bank (B): Customer Retention, Spanish Version Vrio Analysis
- FleetBoston Financial: Online Banking, Portuguese Version Vrio Analysis
- Paul Revere Insurance Co. (C): Competing For The Baldrige Award The Malcolm Baldrige National Quality Award Exercise Vrio Analysis
- WingspanBank.com (A) Vrio Analysis
- Tufts Health Plan Vrio Analysis
- Transforming Matsui Securities Vrio Analysis
Previous Articles
- Pilgrim Bank (A): Customer Profitability Vrio Analysis
- Providian Trust: Tradition And Technology (A) Vrio Analysis
- Commerce Bank Vrio Analysis
- Tong Yang Cement (A): Logistics And Incentives Vrio Analysis
- Rating Environmental Performance In The Building Industry: Leadership In Energy And Environmental Design (LEED) Vrio Analysis
- CEMEX: Global Growth Through Superior Information Capabilities (Abridged) Vrio Analysis
- U.S. Plastic Lumber Vrio Analysis
- Unicon Concrete Products (H.K.) Ltd. Vrio Analysis
- New Technology Adoption At Century Real Estate Vrio Analysis
- Rockwell Automation: The Channel Challenge 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!