- 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 EDUCATION STORE
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of EDUCATION STORE will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The EDUCATION STORE 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 EDUCATION STORE VRIO Analysis shows that the financial resources of EDUCATION STORE are highly valuable as these help in investing into external opportunities that arise. These also help EDUCATION STORE in combating external threats.
- According to the VRIO Analysis of EDUCATION STORE, 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 EDUCATION STORE VRIO Analysis shows that EDUCATION STORE'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 EDUCATION STORE's products.
- According to the VRIO Analysis of EDUCATION STORE, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for EDUCATION STORE. These patents also provide EDUCATION STORE with licensing revenue when it licenses these patents out to other manufacturers.
- The EDUCATION STORE VRIO Analysis shows that EDUCATION STORE’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for EDUCATION STORE. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of EDUCATION STORE, 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 EDUCATION STORE VRIO Analysis shows that the research and development at EDUCATION STORE 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 EDUCATION STORE. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of EDUCATION STORE are found to be rare according to the VRIO Analysis of EDUCATION STORE. 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 EDUCATION STORE 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 EDUCATION STORE and inhibit competitive advantage. This means that the local food products result in competitive parity for EDUCATION STORE. As this resource is valuable, EDUCATION STORE can still make use of this resource.
- The employees of EDUCATION STORE are a rare resource as identified by the VRIO Analysis of EDUCATION STORE. 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 EDUCATION STORE are a rare resource as identified by the EDUCATION STORE VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows EDUCATION STORE to use them without interference from the competition.
- The distribution network of EDUCATION STORE is a rare resource as identified by the VRIO Analysis of EDUCATION STORE. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of EDUCATION STORE. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of EDUCATION STORE are costly to imitate as identified by the EDUCATION STORE 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 EDUCATION STORE. 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 EDUCATION STORE provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of EDUCATION STORE are also not costly to imitate as identified by the EDUCATION STORE VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from EDUCATION STORE by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of EDUCATION STORE a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of EDUCATION STORE are very difficult to imitate as identified by the VRIO Analysis of EDUCATION STORE. 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 EDUCATION STORE is also very costly to imitate by competition as identified by the EDUCATION STORE VRIO Analysis. This has been developed over the years gradually by EDUCATION STORE. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of EDUCATION STORE are organised to capture value as identified by the VRIO Analysis of EDUCATION STORE. 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 EDUCATION STORE.
- The Patents of EDUCATION STORE are not well organised as identified by the EDUCATION STORE 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 EDUCATION STORE starts selling patented products before the patents expire.
- The distribution network of EDUCATION STORE is organised as identified by the VRIO Analysis of EDUCATION STORE. EDUCATION STORE 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 EDUCATION STORE.
From the VRIO Analysis of EDUCATION STORE, 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 EDUCATION STORE 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.
Mostafa Aboushama
5.0
This service’s method of accomplishing the assignment proves that it has been completing the students’ tasks for a long time. I’m satisfied with the paper on Information Technology.
Bilal Duham
5.0
This is the first great website that is very authentic and reliable. A plagiarism-free paper! Highly recommended!
Camela Micheal
5.0
I didn't know the ABC of the topic and the expert sorted it out well. The writer made modifications and I'm well pleased with this company. Thanks!
Sienna Andrew
4.0
I am glad that I found this assignment writing service. I’ll surely recommend this paper writing service to my friends. Thanks a lot!
Next Articles
- INDIAN OIL CORPORATION LIMITED THE MATHURA REFINERY Vrio Analysis
- DOMINION TELECOM INC. Vrio Analysis
- LINCOLN DINER (A) Vrio Analysis
- STRETCH! HOW GREAT COMPANIES GROW IN GOOD TIMES AND BAD Vrio Analysis
- ARE BOARDS AND CEOS ACCOUNTABLE FOR THE RIGHT LEVEL OF WORK? Vrio Analysis
- WALL STREET EXAMPLE: BRINGING EXCESSIVE EXECUTIVE COMPENSATION INTO LINE Vrio Analysis
- Intrinergy: Carbon Offsets (A) Vrio Analysis
- Intrinergy: Carbon Offsets (B) Vrio Analysis
- Emerson Electric Company ACP Division: The Fan Subpack Sourcing Decision Vrio Analysis
- QUEBECOR, INC.: THE DECISION TO ACQUIRE VIDEOTRON Vrio Analysis
Previous Articles
- CFNA Credit Corporation: Call Center Outsourcing Vrio Analysis
- FAIRMONT CHATEAU LAKE LOUISE Vrio Analysis
- Cyntergy Electric, Inc. Vrio Analysis
- PIZZA PUBLIC COMPANY LIMITED, THAILAND (A) Vrio Analysis
- CONOCO'S PURCHASE OF GULF CANADA RESOURCES: REAPING SYNERGIES FROM INTEGRATION Vrio Analysis
- ST. JOSEPH'S HEALTH CARE LONDON Vrio Analysis
- LEO BURNETT COMPANY LTD.: VIRTUAL TEAM MANAGEMENT Vrio Analysis
- INCENTIVE PLANS AND NON MONETARY REWARD SYSTEMS Vrio Analysis
- COMMUNICATING IN A CRISIS Vrio Analysis
- WGIRL, WBOY CALENDARS (C) 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!