- 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 Master the Challenges of Multichannel Pricing
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Master the Challenges of Multichannel Pricing will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Master the Challenges of Multichannel Pricing 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 Master the Challenges of Multichannel Pricing VRIO Analysis shows that the financial resources of Master the Challenges of Multichannel Pricing are highly valuable as these help in investing into external opportunities that arise. These also help Master the Challenges of Multichannel Pricing in combating external threats.
- According to the VRIO Analysis of Master the Challenges of Multichannel Pricing, 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 Master the Challenges of Multichannel Pricing VRIO Analysis shows that Master the Challenges of Multichannel Pricing'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 Master the Challenges of Multichannel Pricing's products.
- According to the VRIO Analysis of Master the Challenges of Multichannel Pricing, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Master the Challenges of Multichannel Pricing. These patents also provide Master the Challenges of Multichannel Pricing with licensing revenue when it licenses these patents out to other manufacturers.
- The Master the Challenges of Multichannel Pricing VRIO Analysis shows that Master the Challenges of Multichannel Pricing’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Master the Challenges of Multichannel Pricing. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Master the Challenges of Multichannel Pricing, 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 Master the Challenges of Multichannel Pricing VRIO Analysis shows that the research and development at Master the Challenges of Multichannel Pricing 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 Master the Challenges of Multichannel Pricing. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Master the Challenges of Multichannel Pricing are found to be rare according to the VRIO Analysis of Master the Challenges of Multichannel Pricing. 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 Master the Challenges of Multichannel Pricing 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 Master the Challenges of Multichannel Pricing and inhibit competitive advantage. This means that the local food products result in competitive parity for Master the Challenges of Multichannel Pricing. As this resource is valuable, Master the Challenges of Multichannel Pricing can still make use of this resource.
- The employees of Master the Challenges of Multichannel Pricing are a rare resource as identified by the VRIO Analysis of Master the Challenges of Multichannel Pricing. 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 Master the Challenges of Multichannel Pricing are a rare resource as identified by the Master the Challenges of Multichannel Pricing VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Master the Challenges of Multichannel Pricing to use them without interference from the competition.
- The distribution network of Master the Challenges of Multichannel Pricing is a rare resource as identified by the VRIO Analysis of Master the Challenges of Multichannel Pricing. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Master the Challenges of Multichannel Pricing. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Master the Challenges of Multichannel Pricing are costly to imitate as identified by the Master the Challenges of Multichannel Pricing 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 Master the Challenges of Multichannel Pricing. 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 Master the Challenges of Multichannel Pricing provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Master the Challenges of Multichannel Pricing are also not costly to imitate as identified by the Master the Challenges of Multichannel Pricing VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Master the Challenges of Multichannel Pricing by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Master the Challenges of Multichannel Pricing a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Master the Challenges of Multichannel Pricing are very difficult to imitate as identified by the VRIO Analysis of Master the Challenges of Multichannel Pricing. 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 Master the Challenges of Multichannel Pricing is also very costly to imitate by competition as identified by the Master the Challenges of Multichannel Pricing VRIO Analysis. This has been developed over the years gradually by Master the Challenges of Multichannel Pricing. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Master the Challenges of Multichannel Pricing are organised to capture value as identified by the VRIO Analysis of Master the Challenges of Multichannel Pricing. 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 Master the Challenges of Multichannel Pricing.
- The Patents of Master the Challenges of Multichannel Pricing are not well organised as identified by the Master the Challenges of Multichannel Pricing 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 Master the Challenges of Multichannel Pricing starts selling patented products before the patents expire.
- The distribution network of Master the Challenges of Multichannel Pricing is organised as identified by the VRIO Analysis of Master the Challenges of Multichannel Pricing. Master the Challenges of Multichannel Pricing 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 Master the Challenges of Multichannel Pricing.
From the VRIO Analysis of Master the Challenges of Multichannel Pricing, 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 Master the Challenges of Multichannel Pricing 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.
Simon Phoenix
4.0
The system of delivery is really outstanding. Thank you!
Gertha Jacob
5.0
I don't have to worry a bit now because I have this service to let myself free from the assignments. Plenty of thanks!
Samantha Blake
5.0
Would like to recommend this service strongly because I’m satisfied with this service. Thank you!
Koko Merril
5.0
Prices are really great and quick turnaround. These guys made the necessary improvement instantly. Wanna appreciate their approach!
Next Articles
- Artificial Intelligence In Business Gets Real Vrio Analysis
- Navigating The Next Wave Of Blockchain Innovation: Smart Contracts Vrio Analysis
- Breaking Logjams In Knowledge Work Vrio Analysis
- How Should Companies Talk To Customers Online? Vrio Analysis
- What Problems Will You Solve With Blockchain? Vrio Analysis
- Four Ways Jobs Will Respond To Automation Vrio Analysis
- Bill It, Kill It, Or Keep It Free? Vrio Analysis
- Preparing For A Blockchain Future Vrio Analysis
- Toys R Us Canada: Is Playtime Over? Vrio Analysis
- Blockchain Is Changing How Media And Entertainment Companies Compete Vrio Analysis
Previous Articles
- Technical Debt Might Be Hindering Your Digital Transformation Vrio Analysis
- Five Ways To Improve Communication In Virtual Teams Vrio Analysis
- Machine Learning In The Automotive Industry: Aligning Investments And Incentives Vrio Analysis
- The Solar Photovoltaic Tariff Of 2018 Vrio Analysis
- Twitter Is Not The Echo Chamber We Think It Is Vrio Analysis
- Nestle: Developing A Digital Nutrition Platform For Japan Vrio Analysis
- Automation Of Marketing Models Vrio Analysis
- Phenicoptere: Taking GLOV Global Vrio Analysis
- Recipe For Success: Growth And Evolution At Café Cupcake Vrio Analysis
- Invesco Ltd.: Asset Management In Transition 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!