- 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 John Franklin
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of John Franklin will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The John Franklin 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 John Franklin VRIO Analysis shows that the financial resources of John Franklin are highly valuable as these help in investing into external opportunities that arise. These also help John Franklin in combating external threats.
- According to the VRIO Analysis of John Franklin, 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 John Franklin VRIO Analysis shows that John Franklin'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 John Franklin's products.
- According to the VRIO Analysis of John Franklin, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for John Franklin. These patents also provide John Franklin with licensing revenue when it licenses these patents out to other manufacturers.
- The John Franklin VRIO Analysis shows that John Franklin’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for John Franklin. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of John Franklin, 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 John Franklin VRIO Analysis shows that the research and development at John Franklin 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 John Franklin. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of John Franklin are found to be rare according to the VRIO Analysis of John Franklin. 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 John Franklin 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 John Franklin and inhibit competitive advantage. This means that the local food products result in competitive parity for John Franklin. As this resource is valuable, John Franklin can still make use of this resource.
- The employees of John Franklin are a rare resource as identified by the VRIO Analysis of John Franklin. 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 John Franklin are a rare resource as identified by the John Franklin VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows John Franklin to use them without interference from the competition.
- The distribution network of John Franklin is a rare resource as identified by the VRIO Analysis of John Franklin. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of John Franklin. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of John Franklin are costly to imitate as identified by the John Franklin 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 John Franklin. 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 John Franklin provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of John Franklin are also not costly to imitate as identified by the John Franklin VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from John Franklin by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of John Franklin a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of John Franklin are very difficult to imitate as identified by the VRIO Analysis of John Franklin. 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 John Franklin is also very costly to imitate by competition as identified by the John Franklin VRIO Analysis. This has been developed over the years gradually by John Franklin. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of John Franklin are organised to capture value as identified by the VRIO Analysis of John Franklin. 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 John Franklin.
- The Patents of John Franklin are not well organised as identified by the John Franklin 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 John Franklin starts selling patented products before the patents expire.
- The distribution network of John Franklin is organised as identified by the VRIO Analysis of John Franklin. John Franklin 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 John Franklin.
From the VRIO Analysis of John Franklin, 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 John Franklin 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.
Kody Kevin
5.0
My economics coursework was due that was based on three assignments and also exams were going to start. I was juggling with ideas on how to be relieved from the situation. I sent the assignments to this service after getting the sureness of the work. Received work under the timelines that kept me free from the tensions! Any of you who want to get a perfect work, I suggest this service to him.
Liu Bo
5.0
Astounding experience to get the document before the deadline. I appreciate the efforts and hard work of the writer. Thanks a lot!
Zhang Li
5.0
This service is the right option if you are suffering from the deficiency of time and need the completion of the assignment within a few hours. I was in trouble but this service did a great job for me. Thanks a lot!
Isabella Matthew
5.0
This service is extremely helpful. Fairly priced and true value for money. Briefly, a plagiarism free assignment. Thank you!
Next Articles
- Cheryl Young Vrio Analysis
- PRION DISEASE CONTAMINATION: SHOULD WE DISCLOSE? (A) Vrio Analysis
- PRION DISEASE CONTAMINATION: SHOULD WE DISCLOSE? (B) Vrio Analysis
- General Model Of Leadership In Organizations: A Diamond In The Rough Vrio Analysis
- CHANGE MANAGEMENT AT THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM’S BODY IMAGING DIVISION Vrio Analysis
- JUNSON CAPITAL: BUILDING AN INSTITUTIONALIZED FAMILY OFFICE Vrio Analysis
- Balancing Your Life Vrio Analysis
- PRIVATE BANKING ADVISERS AT BCB EDMONTON (A) Vrio Analysis
- FMC Aberdeen (Condensed) Vrio Analysis
- PAT GREENE: FROM JARHEAD TO EGGHEAD Vrio Analysis
Previous Articles
- Pelican Landing: Bender Corporation Vrio Analysis
- Peter Woodson (C) Vrio Analysis
- EVIE.AI: THE RISE OF ARTIFICIAL INTELLIGENCE, AND THE FUTURE OF WORK INUDSTRY NOTE Vrio Analysis
- DBS: FROM THE “WORLD’S BEST BANK†TO BUILDING THE FUTURE READY ENTERPRISE Vrio Analysis
- Big Sky, Inc.: The Magasco Paper Mill (B) Vrio Analysis
- EVIE.AI: THE RISE OF ARTIFICIAL INTELLIGENCE, AND THE FUTURE OF WORK Vrio Analysis
- Stewart Glapat Corporation (B) Vrio Analysis
- MBA HACKERS Vrio Analysis
- THE PERILS AND PITFALLS OF LEADING CHANGE: A YOUNG MANAGER'S TURNAROUND JOURNEY SPANISH TRANSLATION Vrio Analysis
- Pelican Landing: The City Of Springfield Assignment 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!