- 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 Implementing an Electronic Health Record at the Central City Medical Group
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Implementing an Electronic Health Record at the Central City Medical Group 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 Implementing an Electronic Health Record at the Central City Medical Group VRIO Analysis shows that the financial resources of Implementing an Electronic Health Record at the Central City Medical Group are highly valuable as these help in investing into external opportunities that arise. These also help Implementing an Electronic Health Record at the Central City Medical Group in combating external threats.
- According to the VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group, 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 Implementing an Electronic Health Record at the Central City Medical Group VRIO Analysis shows that Implementing an Electronic Health Record at the Central City Medical Group'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 Implementing an Electronic Health Record at the Central City Medical Group's products.
- According to the VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Implementing an Electronic Health Record at the Central City Medical Group. These patents also provide Implementing an Electronic Health Record at the Central City Medical Group with licensing revenue when it licenses these patents out to other manufacturers.
- The Implementing an Electronic Health Record at the Central City Medical Group VRIO Analysis shows that Implementing an Electronic Health Record at the Central City Medical Group’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Implementing an Electronic Health Record at the Central City Medical Group. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group, 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 Implementing an Electronic Health Record at the Central City Medical Group VRIO Analysis shows that the research and development at Implementing an Electronic Health Record at the Central City Medical Group 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 Implementing an Electronic Health Record at the Central City Medical Group. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Implementing an Electronic Health Record at the Central City Medical Group are found to be rare according to the VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group. 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 Implementing an Electronic Health Record at the Central City Medical Group 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 Implementing an Electronic Health Record at the Central City Medical Group and inhibit competitive advantage. This means that the local food products result in competitive parity for Implementing an Electronic Health Record at the Central City Medical Group. As this resource is valuable, Implementing an Electronic Health Record at the Central City Medical Group can still make use of this resource.
- The employees of Implementing an Electronic Health Record at the Central City Medical Group are a rare resource as identified by the VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group. 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 Implementing an Electronic Health Record at the Central City Medical Group are a rare resource as identified by the Implementing an Electronic Health Record at the Central City Medical Group VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Implementing an Electronic Health Record at the Central City Medical Group to use them without interference from the competition.
- The distribution network of Implementing an Electronic Health Record at the Central City Medical Group is a rare resource as identified by the VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Implementing an Electronic Health Record at the Central City Medical Group. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Implementing an Electronic Health Record at the Central City Medical Group are costly to imitate as identified by the Implementing an Electronic Health Record at the Central City Medical Group 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 Implementing an Electronic Health Record at the Central City Medical Group. 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 Implementing an Electronic Health Record at the Central City Medical Group provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Implementing an Electronic Health Record at the Central City Medical Group are also not costly to imitate as identified by the Implementing an Electronic Health Record at the Central City Medical Group VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Implementing an Electronic Health Record at the Central City Medical Group by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Implementing an Electronic Health Record at the Central City Medical Group a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Implementing an Electronic Health Record at the Central City Medical Group are very difficult to imitate as identified by the VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group. 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 Implementing an Electronic Health Record at the Central City Medical Group is also very costly to imitate by competition as identified by the Implementing an Electronic Health Record at the Central City Medical Group VRIO Analysis. This has been developed over the years gradually by Implementing an Electronic Health Record at the Central City Medical Group. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Implementing an Electronic Health Record at the Central City Medical Group are organised to capture value as identified by the VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group. 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 Implementing an Electronic Health Record at the Central City Medical Group.
- The Patents of Implementing an Electronic Health Record at the Central City Medical Group are not well organised as identified by the Implementing an Electronic Health Record at the Central City Medical Group 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 Implementing an Electronic Health Record at the Central City Medical Group starts selling patented products before the patents expire.
- The distribution network of Implementing an Electronic Health Record at the Central City Medical Group is organised as identified by the VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group. Implementing an Electronic Health Record at the Central City Medical Group 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 Implementing an Electronic Health Record at the Central City Medical Group.
From the VRIO Analysis of Implementing an Electronic Health Record at the Central City Medical Group, 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 Implementing an Electronic Health Record at the Central City Medical Group 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.
Craig William
5.0
Writer #789374 always does excellent work. Thanks a lot!
Neha Chauhan
5.0
Nice work but the Professor commented about the assignment: “If you theorize the paper by following some more perspectives of the topic, it will be outstanding”. I think the teacher stated this to enhance my abilities so I’m satisfied with the service and wanna rate to five stars
Joseph Beaufort
5.0
I was facing some family issues and as per those facts; I was unable to write three assignments at once. This service handled all my papers timely and the surprising point is that I didn't feel the need for alteration.
Emma David
5.0
Everything is wonderful and on time. This is the best service that I ever thought of. Grateful!
Next Articles
- Apollo Hospitals Of India (A) Vrio Analysis
- Middletown General Hospital Emergency Department Observation Unit Analysis Exercise Vrio Analysis
- Nanjing Gulou Hospital: Honoring The Heritage And Building The Future Vrio Analysis
- Press Ganey And HCAHPS Vrio Analysis
- American Medical Association Sunbeam Deal (A): Serpent On The Staff Meets Chainsaw Al Vrio Analysis
- Lean Process Improvements At Cleveland Clinic Vrio Analysis
- West German Headache Center: Integrated Migraine Care Vrio Analysis
- Abiomed And The AbioCor Clinical Trials (A) Vrio Analysis
- Structural And Organizational Issues In Patient Safety: A Comparison Of Health Care To Other High Hazard Industries Vrio Analysis
- Paediatric Orthopaedic Clinic At The Children's Hospital Of Western Ontario Vrio Analysis
Previous Articles
- Oxford Health Plans (A): Specialty Management Vrio Analysis
- Complexity And Error In Medicine Vrio Analysis
- Measuring Physician Contribution To The Healthcare Safety Net Vrio Analysis
- Aspect Medical Systems Vrio Analysis
- Note On Managed Care Vrio Analysis
- Reading Rehabilitation Hospital: Implementing Patient Focused Care Vrio Analysis
- Infection Control At Massachusetts General Hospital Vrio Analysis
- Collaborating To Improve Vrio Analysis
- Innovative Healthcare Delivery Vrio Analysis
- Shared Decision Making 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!