- 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 RBC MOBILE WALLET
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of RBC MOBILE WALLET will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The RBC MOBILE WALLET 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 RBC MOBILE WALLET VRIO Analysis shows that the financial resources of RBC MOBILE WALLET are highly valuable as these help in investing into external opportunities that arise. These also help RBC MOBILE WALLET in combating external threats.
- According to the VRIO Analysis of RBC MOBILE WALLET, 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 RBC MOBILE WALLET VRIO Analysis shows that RBC MOBILE WALLET'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 RBC MOBILE WALLET's products.
- According to the VRIO Analysis of RBC MOBILE WALLET, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for RBC MOBILE WALLET. These patents also provide RBC MOBILE WALLET with licensing revenue when it licenses these patents out to other manufacturers.
- The RBC MOBILE WALLET VRIO Analysis shows that RBC MOBILE WALLET’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for RBC MOBILE WALLET. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of RBC MOBILE WALLET, 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 RBC MOBILE WALLET VRIO Analysis shows that the research and development at RBC MOBILE WALLET 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 RBC MOBILE WALLET. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of RBC MOBILE WALLET are found to be rare according to the VRIO Analysis of RBC MOBILE WALLET. 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 RBC MOBILE WALLET 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 RBC MOBILE WALLET and inhibit competitive advantage. This means that the local food products result in competitive parity for RBC MOBILE WALLET. As this resource is valuable, RBC MOBILE WALLET can still make use of this resource.
- The employees of RBC MOBILE WALLET are a rare resource as identified by the VRIO Analysis of RBC MOBILE WALLET. 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 RBC MOBILE WALLET are a rare resource as identified by the RBC MOBILE WALLET VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows RBC MOBILE WALLET to use them without interference from the competition.
- The distribution network of RBC MOBILE WALLET is a rare resource as identified by the VRIO Analysis of RBC MOBILE WALLET. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of RBC MOBILE WALLET. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of RBC MOBILE WALLET are costly to imitate as identified by the RBC MOBILE WALLET 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 RBC MOBILE WALLET. 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 RBC MOBILE WALLET provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of RBC MOBILE WALLET are also not costly to imitate as identified by the RBC MOBILE WALLET VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from RBC MOBILE WALLET by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of RBC MOBILE WALLET a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of RBC MOBILE WALLET are very difficult to imitate as identified by the VRIO Analysis of RBC MOBILE WALLET. 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 RBC MOBILE WALLET is also very costly to imitate by competition as identified by the RBC MOBILE WALLET VRIO Analysis. This has been developed over the years gradually by RBC MOBILE WALLET. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of RBC MOBILE WALLET are organised to capture value as identified by the VRIO Analysis of RBC MOBILE WALLET. 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 RBC MOBILE WALLET.
- The Patents of RBC MOBILE WALLET are not well organised as identified by the RBC MOBILE WALLET 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 RBC MOBILE WALLET starts selling patented products before the patents expire.
- The distribution network of RBC MOBILE WALLET is organised as identified by the VRIO Analysis of RBC MOBILE WALLET. RBC MOBILE WALLET 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 RBC MOBILE WALLET.
From the VRIO Analysis of RBC MOBILE WALLET, 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 RBC MOBILE WALLET 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.
Ashirwad Damle
5.0
I instructed the writer 20000 words and he made the assignment under the requirements. When I attested the paper, the conclusion was not eye-catching. I spoke to the expert and told him to add 500 words in the document more. He did it and now the project is good.
Matilda Isaac
5.0
I think this is the only trustable and affordable service. The authenticity of the assignment was also appreciative!
Thomas Thyms
4.0
This company did an awesome job. Highly recommended!
Samantha Mark
4.0
I just wanted to say thank you to the writer who provided me with the document within my given time. You guys literally saved my life. I’m thankful!
Next Articles
- REBELS WITH A PARENT COMPANY Vrio Analysis
- TRANSFER VALUE OF SOCCER PLAYERS STUDENT SPREADSHEET Vrio Analysis
- RISING COSTS OF BAD LEADERSHIP Vrio Analysis
- CPT: THE CONSTANT HUNT FOR ENTREPRENEURIAL OPPORTUNITIES Vrio Analysis
- FENGSHOU CRAB MANOR Vrio Analysis
- MODEL BLOOD BANK, INDORE: SUPPLY CHAIN MANAGEMENT STUDENT SPREADSHEET Vrio Analysis
- CASE LEARNING: SELLING ADULTERY Vrio Analysis
- HOMEZILLA: ATTRACTING HOMEBUYERS THROUGH BETTER PHOTOS STUDENT SPREADSHEET Vrio Analysis
- MANAGEMENT ADVICE FROM A DEAD SOCIALIST Vrio Analysis
- PRIMA: BUILDING INFRASTRUCTURE FOR GROWTH STUDENT SPREADSHEET Vrio Analysis
Previous Articles
- 51.COM: RISE TO THE TOP VIA SPIN OFF Vrio Analysis
- BEWARE THE LIMITS OF LINEARITY Vrio Analysis
- LENOVO 2009: THE ROLE OF BOARD CHAIRPERSON IN A TURNAROUND Vrio Analysis
- SUIT WARS: MEN'S WEARHOUSE VERSUS JOS. A. BANK STUDENT SPREADSHEET Vrio Analysis
- POKÉMON GO: GAME ON! Vrio Analysis
- FOOD TRUCK FORECASTER STUDENT SPREADSHEET Vrio Analysis
- A “COMPELLING AND PRE EMPTIVE" OFFER FOR THE VALSPAR CORPORATION STUDENT SPREADSHEET Vrio Analysis
- A “COMPELLING AND PRE EMPTIVE OFFER FOR THE VALSPAR CORPORATION Vrio Analysis
- TRUMPING CHARACTER Vrio Analysis
- CONFRONTING CHINA’S IP COUNTEROFFENSIVE 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!