- 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 Boston Medical Group
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Boston Medical Group will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Boston 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 Boston Medical Group VRIO Analysis shows that the financial resources of Boston Medical Group are highly valuable as these help in investing into external opportunities that arise. These also help Boston Medical Group in combating external threats.
- According to the VRIO Analysis of Boston 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 Boston Medical Group VRIO Analysis shows that Boston 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 Boston Medical Group's products.
- According to the VRIO Analysis of Boston 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 Boston Medical Group. These patents also provide Boston Medical Group with licensing revenue when it licenses these patents out to other manufacturers.
- The Boston Medical Group VRIO Analysis shows that Boston 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 Boston Medical Group. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Boston 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 Boston Medical Group VRIO Analysis shows that the research and development at Boston 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 Boston Medical Group. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Boston Medical Group are found to be rare according to the VRIO Analysis of Boston 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 Boston 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 Boston Medical Group and inhibit competitive advantage. This means that the local food products result in competitive parity for Boston Medical Group. As this resource is valuable, Boston Medical Group can still make use of this resource.
- The employees of Boston Medical Group are a rare resource as identified by the VRIO Analysis of Boston 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 Boston Medical Group are a rare resource as identified by the Boston Medical Group VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Boston Medical Group to use them without interference from the competition.
- The distribution network of Boston Medical Group is a rare resource as identified by the VRIO Analysis of Boston 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 Boston Medical Group. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Boston Medical Group are costly to imitate as identified by the Boston 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 Boston 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 Boston Medical Group provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Boston Medical Group are also not costly to imitate as identified by the Boston 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 Boston Medical Group by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Boston Medical Group a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Boston Medical Group are very difficult to imitate as identified by the VRIO Analysis of Boston 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 Boston Medical Group is also very costly to imitate by competition as identified by the Boston Medical Group VRIO Analysis. This has been developed over the years gradually by Boston Medical Group. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Boston Medical Group are organised to capture value as identified by the VRIO Analysis of Boston 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 Boston Medical Group.
- The Patents of Boston Medical Group are not well organised as identified by the Boston 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 Boston Medical Group starts selling patented products before the patents expire.
- The distribution network of Boston Medical Group is organised as identified by the VRIO Analysis of Boston Medical Group. Boston 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 Boston Medical Group.
From the VRIO Analysis of Boston 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 Boston 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.
Alexander Felix
5.0
The assignments that I receive from this service always get good grades. Thus, my CGPA is up to the mark. The writer changes the points that I pointed out in the paper. Thanks!
Lucas Bassatte
5.0
I have had a painful background due to using many websites that didn’t manage my papers seriously and cared more about money than the papers. This service has a different level in its performances and is ready at any moment for any questions and modifications.
Linus Hannes
5.0
Good service for all! I never wrote a review for any service but because of the seriousness of this site, I would like to say that it’s the best service.
Helen Edison
5.0
This company knows how to care for its clients. Essay was created in the top-notch writing style and I wish may I have the same style to put ideas into words. Thanks!
Next Articles
- Four Principles Of Biomedical Ethics: Definitions And Examples Vrio Analysis
- Dental Associates Of Northern Virginia (B) Vrio Analysis
- The Ritz Carlton Hotel Company: The Quest For Service Excellence Vrio Analysis
- Porcini's Pronto: "Great Italian Cuisine Without The Wait!" Vrio Analysis
- Ritz Carlton Hotel Co. Vrio Analysis
- Four Seasons Goes To Paris: Vrio Analysis
- Business Intelligence Software At SYSCO Vrio Analysis
- Ritz Carlton: Using Information Systems To Better Serve The Customer, Spanish Version Vrio Analysis
- Four Seasons Hotels And Resorts Vrio Analysis
- Kimpton Hotels Setting Prices On Priceline (C ) Vrio Analysis
Previous Articles
- Sof Optics, Inc. (A) Vrio Analysis
- Partners HealthCare System, Inc. (B): Cardiac Care Improvement Vrio Analysis
- Information Technology And Clinical Operations At Beth Israel Deaconess Medical Center Vrio Analysis
- Mistake Proofing Healthcare: Why Stopping Processes May Be A Good Start Vrio Analysis
- Medicine, Incentive Compensation, And The Law Vrio Analysis
- Paediatric Orthopaedic Clinic At The Children's Hospital Of Western Ontario Vrio Analysis
- Structural And Organizational Issues In Patient Safety: A Comparison Of Health Care To Other High Hazard Industries Vrio Analysis
- Abiomed And The AbioCor Clinical Trials (A) Vrio Analysis
- West German Headache Center: Integrated Migraine Care Vrio Analysis
- Lean Process Improvements At Cleveland Clinic 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!