- 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 Tariffed
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Tariffed will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Tariffed 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 Tariffed VRIO Analysis shows that the financial resources of Tariffed are highly valuable as these help in investing into external opportunities that arise. These also help Tariffed in combating external threats.
- According to the VRIO Analysis of Tariffed, 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 Tariffed VRIO Analysis shows that Tariffed'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 Tariffed's products.
- According to the VRIO Analysis of Tariffed, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Tariffed. These patents also provide Tariffed with licensing revenue when it licenses these patents out to other manufacturers.
- The Tariffed VRIO Analysis shows that Tariffed’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Tariffed. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Tariffed, 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 Tariffed VRIO Analysis shows that the research and development at Tariffed 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 Tariffed. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Tariffed are found to be rare according to the VRIO Analysis of Tariffed. 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 Tariffed 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 Tariffed and inhibit competitive advantage. This means that the local food products result in competitive parity for Tariffed. As this resource is valuable, Tariffed can still make use of this resource.
- The employees of Tariffed are a rare resource as identified by the VRIO Analysis of Tariffed. 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 Tariffed are a rare resource as identified by the Tariffed VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Tariffed to use them without interference from the competition.
- The distribution network of Tariffed is a rare resource as identified by the VRIO Analysis of Tariffed. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Tariffed. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Tariffed are costly to imitate as identified by the Tariffed 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 Tariffed. 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 Tariffed provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Tariffed are also not costly to imitate as identified by the Tariffed VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Tariffed by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Tariffed a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Tariffed are very difficult to imitate as identified by the VRIO Analysis of Tariffed. 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 Tariffed is also very costly to imitate by competition as identified by the Tariffed VRIO Analysis. This has been developed over the years gradually by Tariffed. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Tariffed are organised to capture value as identified by the VRIO Analysis of Tariffed. 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 Tariffed.
- The Patents of Tariffed are not well organised as identified by the Tariffed 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 Tariffed starts selling patented products before the patents expire.
- The distribution network of Tariffed is organised as identified by the VRIO Analysis of Tariffed. Tariffed 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 Tariffed.
From the VRIO Analysis of Tariffed, 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 Tariffed 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.
Juel Ricardo
5.0
I really love the way in which you people managed the task!
Eszter Lorand
5.0
As academic documents always annoy me, I hire this service. Very delighted with these guys. Plenty of thanks!
Jayden Brendan
5.0
The conclusion and recommendation required the modification and this company issued me this. Wanna give it 4 stars.
Aurora Alex
5.0
The pricing was definitely a good fit for the quality and I’m happy that this service helped me. Will be here soon for the dissertation. Recommended!
Next Articles
- Almarai Company: Milk And Modernization In The Kingdom Of Saudi Arabia Vrio Analysis
- Corporate Sustainability Reporting: An Innovative Tool For The Greater Good Of All Vrio Analysis
- Developing A Microfinance Model To Break The Cycle Of Poverty Vrio Analysis
- With Whom Should You Have Dinner? A Multidimensional Framework For Understanding Political Ties In China Vrio Analysis
- Short Term Global Business Immersion Courses: Short Term Program, Long Term Effects Vrio Analysis
- The Promotion Of Ethical Entrepreneurship In The Third World: Exploring Realities And Complexities From An Embedded Perspective Vrio Analysis
- How Venture Capitalists Evaluate Potential Investment Opportunities Vrio Analysis
- The Law And Ethics Of Big Data Analytics: A New Role For International Human Rights In The Search For Global Standards Vrio Analysis
- Developing A Capstone Course On Ecological And Social Sustainability In Business Education Vrio Analysis
- International Service Learning In The Business Curriculum: Toward An Ethic Of Empathy In A Global Economy Vrio Analysis
Previous Articles
- The Politically Correct Choice Vrio Analysis
- Luxola To Sephora Online: Opportunities In Beauty Vrio Analysis
- Intuit Video Supplement: What We Learned Vrio Analysis
- Intuit Video Supplement: Territorial Issues Vrio Analysis
- Intuit Video Supplement: Running Better Experiments Vrio Analysis
- Saudi Arabia: A Brief Background Vrio Analysis
- Sadiq Gillani's Airline Career Takes Off: Strategy In Action Vrio Analysis
- Seedfund Vrio Analysis
- Fiscal Reforms And Abandonment Of Mines: The Case Of Underground Copper Mines Of Ghatsila, Jharkhand, India Vrio Analysis
- Data Enabled Insights From Sericulture: Jayalaxmi Agro Tech 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!