- 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 Tufts Health Plan
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Tufts Health Plan will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Tufts Health Plan 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 Tufts Health Plan VRIO Analysis shows that the financial resources of Tufts Health Plan are highly valuable as these help in investing into external opportunities that arise. These also help Tufts Health Plan in combating external threats.
- According to the VRIO Analysis of Tufts Health Plan, 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 Tufts Health Plan VRIO Analysis shows that Tufts Health Plan'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 Tufts Health Plan's products.
- According to the VRIO Analysis of Tufts Health Plan, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Tufts Health Plan. These patents also provide Tufts Health Plan with licensing revenue when it licenses these patents out to other manufacturers.
- The Tufts Health Plan VRIO Analysis shows that Tufts Health Plan’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Tufts Health Plan. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Tufts Health Plan, 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 Tufts Health Plan VRIO Analysis shows that the research and development at Tufts Health Plan 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 Tufts Health Plan. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Tufts Health Plan are found to be rare according to the VRIO Analysis of Tufts Health Plan. 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 Tufts Health Plan 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 Tufts Health Plan and inhibit competitive advantage. This means that the local food products result in competitive parity for Tufts Health Plan. As this resource is valuable, Tufts Health Plan can still make use of this resource.
- The employees of Tufts Health Plan are a rare resource as identified by the VRIO Analysis of Tufts Health Plan. 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 Tufts Health Plan are a rare resource as identified by the Tufts Health Plan VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Tufts Health Plan to use them without interference from the competition.
- The distribution network of Tufts Health Plan is a rare resource as identified by the VRIO Analysis of Tufts Health Plan. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Tufts Health Plan. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Tufts Health Plan are costly to imitate as identified by the Tufts Health Plan 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 Tufts Health Plan. 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 Tufts Health Plan provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Tufts Health Plan are also not costly to imitate as identified by the Tufts Health Plan VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Tufts Health Plan by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Tufts Health Plan a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Tufts Health Plan are very difficult to imitate as identified by the VRIO Analysis of Tufts Health Plan. 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 Tufts Health Plan is also very costly to imitate by competition as identified by the Tufts Health Plan VRIO Analysis. This has been developed over the years gradually by Tufts Health Plan. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Tufts Health Plan are organised to capture value as identified by the VRIO Analysis of Tufts Health Plan. 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 Tufts Health Plan.
- The Patents of Tufts Health Plan are not well organised as identified by the Tufts Health Plan 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 Tufts Health Plan starts selling patented products before the patents expire.
- The distribution network of Tufts Health Plan is organised as identified by the VRIO Analysis of Tufts Health Plan. Tufts Health Plan 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 Tufts Health Plan.
From the VRIO Analysis of Tufts Health Plan, 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 Tufts Health Plan 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.
Rachel Benjamin
5.0
It's good to work with this service because they respect their customers and deliver a well-marked paper.
Jessie Tang
5.0
I found this service a savior of my complete college life. The credit of good GPA deserves this service. Thanks!
Gherardo Urbano
5.0
Thank you for being honest because everything was done correctly. This service is really okay!
Ashton Joe
5.0
Very meticulous writing service and the brilliant writer. I'm thrilled with the paper!
Next Articles
- Transforming Matsui Securities Vrio Analysis
- Entrepreneurship And IT Complementarity: The Case Of People's Remittance And Exchange Services Vrio Analysis
- Bank Of America (B) Vrio Analysis
- Manzana Insurance: Fruitvale Branch (Abridged) Vrio Analysis
- Evergreen Investments: Mobile CRM (B) Vrio Analysis
- CIGNA Property And Casualty Reengineering (B) Vrio Analysis
- Amagansett Funds (A) Vrio Analysis
- State Street Bank And Trust Co.: New Product Development Vrio Analysis
- Pilgrim Bank (C): Electronic Billpay, Spanish Version Vrio Analysis
- Capital Holding Corp.: Reengineering The Direct Response Group Vrio Analysis
Previous Articles
- WingspanBank.com (A) Vrio Analysis
- Paul Revere Insurance Co. (C): Competing For The Baldrige Award The Malcolm Baldrige National Quality Award Exercise Vrio Analysis
- FleetBoston Financial: Online Banking, Portuguese Version Vrio Analysis
- Pilgrim Bank (B): Customer Retention, Spanish Version Vrio Analysis
- Bank Of America (A) Vrio Analysis
- Charles Schwab Corp. (A), Spanish Version Vrio Analysis
- ING Direct Canada Vrio Analysis
- Lotus MarketPlace: Households Vrio Analysis
- Innovation At Progressive (A): Pay As You Go Insurance Vrio Analysis
- Pilgrim Bank (A): Customer Profitability 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!