- 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 Hospital Equipment Corp
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Hospital Equipment Corp will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Hospital Equipment Corp 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 Hospital Equipment Corp VRIO Analysis shows that the financial resources of Hospital Equipment Corp are highly valuable as these help in investing into external opportunities that arise. These also help Hospital Equipment Corp in combating external threats.
- According to the VRIO Analysis of Hospital Equipment Corp, 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 Hospital Equipment Corp VRIO Analysis shows that Hospital Equipment Corp'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 Hospital Equipment Corp's products.
- According to the VRIO Analysis of Hospital Equipment Corp, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Hospital Equipment Corp. These patents also provide Hospital Equipment Corp with licensing revenue when it licenses these patents out to other manufacturers.
- The Hospital Equipment Corp VRIO Analysis shows that Hospital Equipment Corp’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Hospital Equipment Corp. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Hospital Equipment Corp, 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 Hospital Equipment Corp VRIO Analysis shows that the research and development at Hospital Equipment Corp 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 Hospital Equipment Corp. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Hospital Equipment Corp are found to be rare according to the VRIO Analysis of Hospital Equipment Corp. 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 Hospital Equipment Corp 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 Hospital Equipment Corp and inhibit competitive advantage. This means that the local food products result in competitive parity for Hospital Equipment Corp. As this resource is valuable, Hospital Equipment Corp can still make use of this resource.
- The employees of Hospital Equipment Corp are a rare resource as identified by the VRIO Analysis of Hospital Equipment Corp. 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 Hospital Equipment Corp are a rare resource as identified by the Hospital Equipment Corp VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Hospital Equipment Corp to use them without interference from the competition.
- The distribution network of Hospital Equipment Corp is a rare resource as identified by the VRIO Analysis of Hospital Equipment Corp. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Hospital Equipment Corp. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Hospital Equipment Corp are costly to imitate as identified by the Hospital Equipment Corp 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 Hospital Equipment Corp. 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 Hospital Equipment Corp provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Hospital Equipment Corp are also not costly to imitate as identified by the Hospital Equipment Corp VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Hospital Equipment Corp by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Hospital Equipment Corp a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Hospital Equipment Corp are very difficult to imitate as identified by the VRIO Analysis of Hospital Equipment Corp. 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 Hospital Equipment Corp is also very costly to imitate by competition as identified by the Hospital Equipment Corp VRIO Analysis. This has been developed over the years gradually by Hospital Equipment Corp. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Hospital Equipment Corp are organised to capture value as identified by the VRIO Analysis of Hospital Equipment Corp. 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 Hospital Equipment Corp.
- The Patents of Hospital Equipment Corp are not well organised as identified by the Hospital Equipment Corp 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 Hospital Equipment Corp starts selling patented products before the patents expire.
- The distribution network of Hospital Equipment Corp is organised as identified by the VRIO Analysis of Hospital Equipment Corp. Hospital Equipment Corp 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 Hospital Equipment Corp.
From the VRIO Analysis of Hospital Equipment Corp, 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 Hospital Equipment Corp 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.
Felix Selax
5.0
Wanted to write the Term Paper that consisted of 7k words. The impossible situation for me was to write this within ten days. I hopelessly arrived on this service and let them eight days for the completion of the work. Received the work and started to read it. Thank you so much everyone of this service because the work was without any faults! Highly recommend this service for every student of any class and world.
Frankie Cooper
5.0
I can say without hesitation that this service is a perfect choice if you want to reduce the tension of college papers. Good Luck guys!
Awad Raseel
5.0
Found no cheating and pirated data in the project and the prices were good. Hope this service will remain the same. I pray for its progress. Thank you!
Jack
5.0
Up to standard Paper every time and the communication system as well and have made the third-order here. Hopeful for another great paper!
Next Articles
- E Healthcare In ABC County Health Department (ABCCHD): Trade Offs Analysis And Evaluation Vrio Analysis
- Patient Care Delivery Model At The Massachusetts General Hospital, Portuguese Version Vrio Analysis
- Medical Errors And Quality Of Care: From Control To Commitment Vrio Analysis
- Continuous Quality Improvement Initiatives At Queen Mary Hospital Vrio Analysis
- Reading Rehabilitation Hospital: Implementing Patient Focused Care (A) (Abridged) Vrio Analysis
- Partners In Health: The PACT Project Vrio Analysis
- The Cleveland Clinic: Improving The Patient Experience (Abridged) Vrio Analysis
- Reading Rehabilitation Hospital: Implementing Patient Focused Care (B) Vrio Analysis
- Role Of The Internet In Physician Patient Relationships: The Issue Of Trust Vrio Analysis
- Carl Zeiss And Free Form Production: Can We See Clearly Yet? Vrio Analysis
Previous Articles
- Disruptive Technology A Heartbeat Away: Ecton, Inc. Vrio Analysis
- Mount Auburn Hospital: Physician Order Entry Vrio Analysis
- Six Sigma At Academic Medical Hospital (A) Vrio Analysis
- Electronic Medical Records System Implementation At Stanford Hospital And Clinics Vrio Analysis
- Partners Healthcare System (PHS): Transforming Health Care Services Delivery Through Information Management Vrio Analysis
- We've Got Rhythm! Medtronic Corp.'s Cardiac Pacemaker Business Vrio Analysis
- Duke Heart Failure Program Vrio Analysis
- Istituto Clinico Humanitas (A) Vrio Analysis
- CareGroup Vrio Analysis
- Pharmacy Service Improvement At CVS (A) 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!