- 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 How to Scale Crowdsourcing Platforms
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of How to Scale Crowdsourcing Platforms will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The How to Scale Crowdsourcing Platforms 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 How to Scale Crowdsourcing Platforms VRIO Analysis shows that the financial resources of How to Scale Crowdsourcing Platforms are highly valuable as these help in investing into external opportunities that arise. These also help How to Scale Crowdsourcing Platforms in combating external threats.
- According to the VRIO Analysis of How to Scale Crowdsourcing Platforms, 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 How to Scale Crowdsourcing Platforms VRIO Analysis shows that How to Scale Crowdsourcing Platforms'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 How to Scale Crowdsourcing Platforms's products.
- According to the VRIO Analysis of How to Scale Crowdsourcing Platforms, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for How to Scale Crowdsourcing Platforms. These patents also provide How to Scale Crowdsourcing Platforms with licensing revenue when it licenses these patents out to other manufacturers.
- The How to Scale Crowdsourcing Platforms VRIO Analysis shows that How to Scale Crowdsourcing Platforms’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for How to Scale Crowdsourcing Platforms. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of How to Scale Crowdsourcing Platforms, 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 How to Scale Crowdsourcing Platforms VRIO Analysis shows that the research and development at How to Scale Crowdsourcing Platforms 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 How to Scale Crowdsourcing Platforms. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of How to Scale Crowdsourcing Platforms are found to be rare according to the VRIO Analysis of How to Scale Crowdsourcing Platforms. 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 How to Scale Crowdsourcing Platforms 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 How to Scale Crowdsourcing Platforms and inhibit competitive advantage. This means that the local food products result in competitive parity for How to Scale Crowdsourcing Platforms. As this resource is valuable, How to Scale Crowdsourcing Platforms can still make use of this resource.
- The employees of How to Scale Crowdsourcing Platforms are a rare resource as identified by the VRIO Analysis of How to Scale Crowdsourcing Platforms. 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 How to Scale Crowdsourcing Platforms are a rare resource as identified by the How to Scale Crowdsourcing Platforms VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows How to Scale Crowdsourcing Platforms to use them without interference from the competition.
- The distribution network of How to Scale Crowdsourcing Platforms is a rare resource as identified by the VRIO Analysis of How to Scale Crowdsourcing Platforms. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of How to Scale Crowdsourcing Platforms. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of How to Scale Crowdsourcing Platforms are costly to imitate as identified by the How to Scale Crowdsourcing Platforms 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 How to Scale Crowdsourcing Platforms. 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 How to Scale Crowdsourcing Platforms provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of How to Scale Crowdsourcing Platforms are also not costly to imitate as identified by the How to Scale Crowdsourcing Platforms VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from How to Scale Crowdsourcing Platforms by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of How to Scale Crowdsourcing Platforms a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of How to Scale Crowdsourcing Platforms are very difficult to imitate as identified by the VRIO Analysis of How to Scale Crowdsourcing Platforms. 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 How to Scale Crowdsourcing Platforms is also very costly to imitate by competition as identified by the How to Scale Crowdsourcing Platforms VRIO Analysis. This has been developed over the years gradually by How to Scale Crowdsourcing Platforms. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of How to Scale Crowdsourcing Platforms are organised to capture value as identified by the VRIO Analysis of How to Scale Crowdsourcing Platforms. 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 How to Scale Crowdsourcing Platforms.
- The Patents of How to Scale Crowdsourcing Platforms are not well organised as identified by the How to Scale Crowdsourcing Platforms 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 How to Scale Crowdsourcing Platforms starts selling patented products before the patents expire.
- The distribution network of How to Scale Crowdsourcing Platforms is organised as identified by the VRIO Analysis of How to Scale Crowdsourcing Platforms. How to Scale Crowdsourcing Platforms 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 How to Scale Crowdsourcing Platforms.
From the VRIO Analysis of How to Scale Crowdsourcing Platforms, 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 How to Scale Crowdsourcing Platforms 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.
Samantha Blake
5.0
Would like to recommend this service strongly because I’m satisfied with this service. Thank you!
Victoria Ryder
5.0
All types of papers are completed here. 100% real and the job achieved promptly. Proper work with fast delivery! I'm thankful to you guys!
Kate Jason
5.0
This service was prompt and affordable, that is why I contained A+. Thank you so much!
Valerio
5.0
Please keep up this good work! It was awesome and quite well written. I appreciate it!
Next Articles
- Open Innovation: Research, Practices, And Policies Vrio Analysis
- Camino Therapeutics (D) Vrio Analysis
- Camino Therapeutics (B) Vrio Analysis
- Searching For Partners In Open Innovation Settings: How To Overcome The Constraints Of Local Search Vrio Analysis
- Camino Therapeutics (A) Vrio Analysis
- Sonvilier Pen Company: An Outsourcing Decision Vrio Analysis
- Returning Customers: The Hidden Strategic Opportunity Of Returns Management Vrio Analysis
- Internet Based Entrepreneurial Finance: Lessons From Germany Vrio Analysis
- Shanghai Pharmaceuticals: Seeking A Prescription For Digital Transformation Vrio Analysis
- Background Note On The Philippines And Financial Inclusion Vrio Analysis
Previous Articles
- Mission In Flux: Michigan National Guard In Liberia, Epilogue Vrio Analysis
- Crowd Equity Investors: An Underutilized Asset For Open Innovation In Startups Vrio Analysis
- Camino Therapeutics (C) Vrio Analysis
- Air India: Maharaja In Debt Trap Vrio Analysis
- Deals On Wheels Inc., C & D Supplement, Guide To Warranty Data In Excel Vrio Analysis
- How To Manage Crowdsourcing Platforms Effectively? Vrio Analysis
- Burying The Hatchet For Catch Up: Open Innovation Among Industry Laggards In The Automotive Industry Vrio Analysis
- Fortis Inc. And The $11.8 Billion ITC Decision Vrio Analysis
- Deals On Wheels Inc., C & D Supplement Vrio Analysis
- Deals On Wheels Inc., A & B Supplement 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!