- 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 Intermountain Healthcare Pursuing Precision Medicine
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Intermountain Healthcare Pursuing Precision Medicine 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 Intermountain Healthcare Pursuing Precision Medicine VRIO Analysis shows that the financial resources of Intermountain Healthcare Pursuing Precision Medicine are highly valuable as these help in investing into external opportunities that arise. These also help Intermountain Healthcare Pursuing Precision Medicine in combating external threats.
- According to the VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine, 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 Intermountain Healthcare Pursuing Precision Medicine VRIO Analysis shows that Intermountain Healthcare Pursuing Precision Medicine'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 Intermountain Healthcare Pursuing Precision Medicine's products.
- According to the VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Intermountain Healthcare Pursuing Precision Medicine. These patents also provide Intermountain Healthcare Pursuing Precision Medicine with licensing revenue when it licenses these patents out to other manufacturers.
- The Intermountain Healthcare Pursuing Precision Medicine VRIO Analysis shows that Intermountain Healthcare Pursuing Precision Medicine’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Intermountain Healthcare Pursuing Precision Medicine. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine, 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 Intermountain Healthcare Pursuing Precision Medicine VRIO Analysis shows that the research and development at Intermountain Healthcare Pursuing Precision Medicine 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 Intermountain Healthcare Pursuing Precision Medicine. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Intermountain Healthcare Pursuing Precision Medicine are found to be rare according to the VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine. 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 Intermountain Healthcare Pursuing Precision Medicine 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 Intermountain Healthcare Pursuing Precision Medicine and inhibit competitive advantage. This means that the local food products result in competitive parity for Intermountain Healthcare Pursuing Precision Medicine. As this resource is valuable, Intermountain Healthcare Pursuing Precision Medicine can still make use of this resource.
- The employees of Intermountain Healthcare Pursuing Precision Medicine are a rare resource as identified by the VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine. 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 Intermountain Healthcare Pursuing Precision Medicine are a rare resource as identified by the Intermountain Healthcare Pursuing Precision Medicine VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Intermountain Healthcare Pursuing Precision Medicine to use them without interference from the competition.
- The distribution network of Intermountain Healthcare Pursuing Precision Medicine is a rare resource as identified by the VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Intermountain Healthcare Pursuing Precision Medicine. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Intermountain Healthcare Pursuing Precision Medicine are costly to imitate as identified by the Intermountain Healthcare Pursuing Precision Medicine 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 Intermountain Healthcare Pursuing Precision Medicine. 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 Intermountain Healthcare Pursuing Precision Medicine provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Intermountain Healthcare Pursuing Precision Medicine are also not costly to imitate as identified by the Intermountain Healthcare Pursuing Precision Medicine VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Intermountain Healthcare Pursuing Precision Medicine by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Intermountain Healthcare Pursuing Precision Medicine a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Intermountain Healthcare Pursuing Precision Medicine are very difficult to imitate as identified by the VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine. 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 Intermountain Healthcare Pursuing Precision Medicine is also very costly to imitate by competition as identified by the Intermountain Healthcare Pursuing Precision Medicine VRIO Analysis. This has been developed over the years gradually by Intermountain Healthcare Pursuing Precision Medicine. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Intermountain Healthcare Pursuing Precision Medicine are organised to capture value as identified by the VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine. 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 Intermountain Healthcare Pursuing Precision Medicine.
- The Patents of Intermountain Healthcare Pursuing Precision Medicine are not well organised as identified by the Intermountain Healthcare Pursuing Precision Medicine 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 Intermountain Healthcare Pursuing Precision Medicine starts selling patented products before the patents expire.
- The distribution network of Intermountain Healthcare Pursuing Precision Medicine is organised as identified by the VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine. Intermountain Healthcare Pursuing Precision Medicine 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 Intermountain Healthcare Pursuing Precision Medicine.
From the VRIO Analysis of Intermountain Healthcare Pursuing Precision Medicine, 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 Intermountain Healthcare Pursuing Precision Medicine 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.
Bryce Alvin
5.0
I’ve just read the assignment and become glad because there is not a minor error. Tomorrow, I shall hand over it to the teacher.
Aliz Tibor
5.0
Sustained and hassle-free communication with the expert. I’m glad guys!
Shyam Rons
5.0
The earnest and diligent work of the expert pleased me. I will appoint you Mr. Steven for the next projects.
Mia Noah
5.0
The support department was just astonishing. Feeling pleased with the service of these guys.
Next Articles
- Wrist & Rye: Curing The Naked Wrist Syndrome Vrio Analysis
- Network Like An Investor Vrio Analysis
- Building Success Habits: Networking And The Science Of Self Change Vrio Analysis
- Marriott International: The Next 90 Years Vrio Analysis
- The Phoenix Project: Remediation Of A Cybersecurity Crisis At The University Of Virginia Vrio Analysis
- Hulu: Redefining The Way People Experience TV Vrio Analysis
- Alphabet's Google Vrio Analysis
- Meituan Dianping: From Startup To Tech Giant Vrio Analysis
- Henry Kissinger: Negotiating Black Majority Rule In Rhodesia (B) Vrio Analysis
- Adaptive Platform Trials: The Clinical Trial Of The Future? Vrio Analysis
Previous Articles
- Chase Sapphire: Creating A Millennial Cult Brand Vrio Analysis
- Public Entrepreneurs? Picking A Path Vrio Analysis
- The Grand Afroport: Confidential Instructions For The Representative Of The Grand Afroport Vrio Analysis
- The Grand Afroport: Confidential Instructions For The Global Environment Protection Group Representative Vrio Analysis
- Aravind Eye Care System: Retaining The Legacy Vrio Analysis
- The Grand Afroport: General Instructions Vrio Analysis
- San Miguel: Succession In The Philippines' Largest Corporation Vrio Analysis
- The Stockton Enterprise Arcade: Incubate Or Graduate? Vrio Analysis
- HCL Engineering R&D Services: First Flight Into The Future Vrio Analysis
- The Grand Afroport: Confidential Instructions For The Representative Of The Association Of African Harbors 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!