- 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 BOB AND MARTHA HEMLOW
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of BOB AND MARTHA HEMLOW will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The BOB AND MARTHA HEMLOW 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 BOB AND MARTHA HEMLOW VRIO Analysis shows that the financial resources of BOB AND MARTHA HEMLOW are highly valuable as these help in investing into external opportunities that arise. These also help BOB AND MARTHA HEMLOW in combating external threats.
- According to the VRIO Analysis of BOB AND MARTHA HEMLOW, 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 BOB AND MARTHA HEMLOW VRIO Analysis shows that BOB AND MARTHA HEMLOW'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 BOB AND MARTHA HEMLOW's products.
- According to the VRIO Analysis of BOB AND MARTHA HEMLOW, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for BOB AND MARTHA HEMLOW. These patents also provide BOB AND MARTHA HEMLOW with licensing revenue when it licenses these patents out to other manufacturers.
- The BOB AND MARTHA HEMLOW VRIO Analysis shows that BOB AND MARTHA HEMLOW’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for BOB AND MARTHA HEMLOW. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of BOB AND MARTHA HEMLOW, 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 BOB AND MARTHA HEMLOW VRIO Analysis shows that the research and development at BOB AND MARTHA HEMLOW 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 BOB AND MARTHA HEMLOW. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of BOB AND MARTHA HEMLOW are found to be rare according to the VRIO Analysis of BOB AND MARTHA HEMLOW. 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 BOB AND MARTHA HEMLOW 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 BOB AND MARTHA HEMLOW and inhibit competitive advantage. This means that the local food products result in competitive parity for BOB AND MARTHA HEMLOW. As this resource is valuable, BOB AND MARTHA HEMLOW can still make use of this resource.
- The employees of BOB AND MARTHA HEMLOW are a rare resource as identified by the VRIO Analysis of BOB AND MARTHA HEMLOW. 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 BOB AND MARTHA HEMLOW are a rare resource as identified by the BOB AND MARTHA HEMLOW VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows BOB AND MARTHA HEMLOW to use them without interference from the competition.
- The distribution network of BOB AND MARTHA HEMLOW is a rare resource as identified by the VRIO Analysis of BOB AND MARTHA HEMLOW. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of BOB AND MARTHA HEMLOW. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of BOB AND MARTHA HEMLOW are costly to imitate as identified by the BOB AND MARTHA HEMLOW 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 BOB AND MARTHA HEMLOW. 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 BOB AND MARTHA HEMLOW provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of BOB AND MARTHA HEMLOW are also not costly to imitate as identified by the BOB AND MARTHA HEMLOW VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from BOB AND MARTHA HEMLOW by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of BOB AND MARTHA HEMLOW a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of BOB AND MARTHA HEMLOW are very difficult to imitate as identified by the VRIO Analysis of BOB AND MARTHA HEMLOW. 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 BOB AND MARTHA HEMLOW is also very costly to imitate by competition as identified by the BOB AND MARTHA HEMLOW VRIO Analysis. This has been developed over the years gradually by BOB AND MARTHA HEMLOW. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of BOB AND MARTHA HEMLOW are organised to capture value as identified by the VRIO Analysis of BOB AND MARTHA HEMLOW. 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 BOB AND MARTHA HEMLOW.
- The Patents of BOB AND MARTHA HEMLOW are not well organised as identified by the BOB AND MARTHA HEMLOW 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 BOB AND MARTHA HEMLOW starts selling patented products before the patents expire.
- The distribution network of BOB AND MARTHA HEMLOW is organised as identified by the VRIO Analysis of BOB AND MARTHA HEMLOW. BOB AND MARTHA HEMLOW 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 BOB AND MARTHA HEMLOW.
From the VRIO Analysis of BOB AND MARTHA HEMLOW, 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 BOB AND MARTHA HEMLOW 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.
Syed Haider
5.0
Great service but I chose this service at the end of the term. If I chose this service from the start, I would get good grades. Every section is unmistakable: payment submission, support team and the writer. Thanks!
Sapna Rai
5.0
The professor was pleased after testing the factual paper that had only 3% plagiarism. Got the good marks and the appreciation of the parents too.
Maddy Callum
5.0
I'll definitely refer this company to my colleagues. They really did a real job. Strongly recommended!
Abraham Albert
4.0
The writer attached the plagiarism report with the document that made me satisfied with this service's performance. Thanks a lot!
Next Articles
- GE ENERGY MANAGEMENT INITIATIVE (A) Vrio Analysis
- GE ENERGY MANAGEMENT INITIATIVE (B) Vrio Analysis
- LAKELAND MINING CORP. Vrio Analysis
- THRIVING ON COMPETITION Vrio Analysis
- ROYAL TRUSTCO Vrio Analysis
- QUANTICO COMPUTERWARE LTD. Vrio Analysis
- BELL CANADA: THE PROFIT ORIENTATION SEMINAR Vrio Analysis
- MUTUAL LIFE OF CANADA THE GROUP CLIENT SERVICE GUARANTEE (A) Vrio Analysis
- MUTUAL LIFE OF CANADA THE GROUP CLIENT SERVICE GUARANTEE (B) Vrio Analysis
- HAMMOND MANUFACTURING COMPANY LIMITED Vrio Analysis
Previous Articles
- CINAR FILMS INC. Vrio Analysis
- J & J (PHILIPPINES), INC. JOHNSON'S FACE POWDER (B) Vrio Analysis
- BASIC/BLACK ZALE YOUNGMAN ADVERTISING, INC. Vrio Analysis
- J & J (PHILIPPINES), INC. JOHNSON'S FACE POWDER (A) Vrio Analysis
- LABATT ICE Vrio Analysis
- NOTE ON DESIGNING A SHAREHOLDER AGREEMENT Vrio Analysis
- INTRODUCTION TO CATEGORY MANAGEMENT Vrio Analysis
- GLOSSARY OF INDUSTRIAL RELATIONS TERMINOLOGY Vrio Analysis
- ANTAR AUTOMOBILE COMPANY PART III: CONFLICTING OBJECTIVES Vrio Analysis
- ANTAR AUTOMOBILE COMPANY PART II: TEAM AND INDIVIDUAL OBJECTIVES 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!