- 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 Shift Technologies Inc
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Shift Technologies Inc will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Shift Technologies Inc 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 Shift Technologies Inc VRIO Analysis shows that the financial resources of Shift Technologies Inc are highly valuable as these help in investing into external opportunities that arise. These also help Shift Technologies Inc in combating external threats.
- According to the VRIO Analysis of Shift Technologies Inc, 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 Shift Technologies Inc VRIO Analysis shows that Shift Technologies Inc'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 Shift Technologies Inc's products.
- According to the VRIO Analysis of Shift Technologies Inc, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Shift Technologies Inc. These patents also provide Shift Technologies Inc with licensing revenue when it licenses these patents out to other manufacturers.
- The Shift Technologies Inc VRIO Analysis shows that Shift Technologies Inc’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Shift Technologies Inc. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Shift Technologies Inc, 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 Shift Technologies Inc VRIO Analysis shows that the research and development at Shift Technologies Inc 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 Shift Technologies Inc. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Shift Technologies Inc are found to be rare according to the VRIO Analysis of Shift Technologies Inc. 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 Shift Technologies Inc 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 Shift Technologies Inc and inhibit competitive advantage. This means that the local food products result in competitive parity for Shift Technologies Inc. As this resource is valuable, Shift Technologies Inc can still make use of this resource.
- The employees of Shift Technologies Inc are a rare resource as identified by the VRIO Analysis of Shift Technologies Inc. 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 Shift Technologies Inc are a rare resource as identified by the Shift Technologies Inc VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Shift Technologies Inc to use them without interference from the competition.
- The distribution network of Shift Technologies Inc is a rare resource as identified by the VRIO Analysis of Shift Technologies Inc. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Shift Technologies Inc. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Shift Technologies Inc are costly to imitate as identified by the Shift Technologies Inc 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 Shift Technologies Inc. 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 Shift Technologies Inc provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Shift Technologies Inc are also not costly to imitate as identified by the Shift Technologies Inc VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Shift Technologies Inc by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Shift Technologies Inc a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Shift Technologies Inc are very difficult to imitate as identified by the VRIO Analysis of Shift Technologies Inc. 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 Shift Technologies Inc is also very costly to imitate by competition as identified by the Shift Technologies Inc VRIO Analysis. This has been developed over the years gradually by Shift Technologies Inc. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Shift Technologies Inc are organised to capture value as identified by the VRIO Analysis of Shift Technologies Inc. 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 Shift Technologies Inc.
- The Patents of Shift Technologies Inc are not well organised as identified by the Shift Technologies Inc 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 Shift Technologies Inc starts selling patented products before the patents expire.
- The distribution network of Shift Technologies Inc is organised as identified by the VRIO Analysis of Shift Technologies Inc. Shift Technologies Inc 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 Shift Technologies Inc.
From the VRIO Analysis of Shift Technologies Inc, 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 Shift Technologies Inc 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.
Adam Dominic
5.0
I know you spent a lot of time for my work and I feel blessed to have such a thoughtful writer!
Brielle Jacob
5.0
I didn’t have the idea of dissertation’s topic. I stepped in many services but everyone first claimed about the topic that was the big issue for me. Arrived on this service eventually and discussed the problem. I didn’t speak to the writer because it was not important for me. Received the work within 16 days and handed over to the supervisor. Sure to get expected grades. Bye!
Annabelle Hugo
5.0
The project was in an academic manner. That's the reason why I suggest to others to appoint this service. Prices were suitable and no issue of plagiarism.
Clara Jasper
5.0
Better-trained writers are available here. A client-friendly private policy. Blessed to have this company.
Next Articles
- DBS Transformation (A): Becoming A World Class Multinational Bank Vrio Analysis
- The Transformation Of Microsoft Vrio Analysis
- The Wells Fargo Banking Scandal Vrio Analysis
- NetApp 2017 Vrio Analysis
- Quantopian: A New Model For Active Management Vrio Analysis
- Hank And Nancy: The Subprime Crisis, The Run On Lehman And The Shadow Banks, And The Decision To Bailout Wall Street Vrio Analysis
- Runa: Modeling A Sustainable Business In The Amazon Vrio Analysis
- BEworks: Experimentation In Business Vrio Analysis
- Cambridge Cooling Systems: Global Operations Strategy Vrio Analysis
- Mymuesli: New Markets For Customized Breakfast Cereal Vrio Analysis
Previous Articles
- Aliada: An Online Platform Matching Maids With Customers In Mexico Vrio Analysis
- PSA Peugeot Citroen: Re Entering The United States Vrio Analysis
- De Beers Group: Marketing Diamonds To Millennials Vrio Analysis
- Samsung Galaxy Note 7 Debacle Vrio Analysis
- BMB Group: A Dubai Confectioner Sweetening The World Vrio Analysis
- Sensor Based Entrepreneurship: A Framework For Developing New Products And Services Vrio Analysis
- Changing The Narrative: Women As Negotiators And Leaders Vrio Analysis
- Disruption In The Automotive Industry: A Cambrian Moment Vrio Analysis
- The Internet Of Things And New Business Opportunities Vrio Analysis
- Haas Research On Leadership: An Introduction 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!