- 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS VRIO Analysis shows that the financial resources of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS are highly valuable as these help in investing into external opportunities that arise. These also help THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS in combating external threats.
- According to the VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS, 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS VRIO Analysis shows that THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS'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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS's products.
- According to the VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. These patents also provide THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS with licensing revenue when it licenses these patents out to other manufacturers.
- The THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS VRIO Analysis shows that THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS, 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS VRIO Analysis shows that the research and development at THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS are found to be rare according to the VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS and inhibit competitive advantage. This means that the local food products result in competitive parity for THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. As this resource is valuable, THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS can still make use of this resource.
- The employees of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS are a rare resource as identified by the VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS are a rare resource as identified by the THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS to use them without interference from the competition.
- The distribution network of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS is a rare resource as identified by the VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS are costly to imitate as identified by the THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS are also not costly to imitate as identified by the THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS are very difficult to imitate as identified by the VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS is also very costly to imitate by competition as identified by the THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS VRIO Analysis. This has been developed over the years gradually by THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS are organised to capture value as identified by the VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS.
- The Patents of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS are not well organised as identified by the THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS starts selling patented products before the patents expire.
- The distribution network of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS is organised as identified by the VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS. THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS.
From the VRIO Analysis of THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS, 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 THE MYTHS AND REALITIES OF BUSINESS ECOSYSTEMS 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.
Spencer Leon
4.0
Awesome!
Hamad Shaik
5.0
When I searched for a service, I needed a service that would be guaranteed for the creative work, affordable prices and the on-time delivery. This service asserted for all this and I appointed this. This really attained all this procedure.
Sara Victor
5.0
The delivery was on time. I am really satisfied and pleased with this writing service. Thank you very much!
GARY
5.0
Thank you very much! excellent!
Next Articles
- REFRAMING THE FUTURE OF WORK Vrio Analysis
- PERFORMANCE MANAGEMENT'S DIGITAL SHIFT Vrio Analysis
- HOW TO READ AND RESPOND TO WEAK DIGITAL SIGNALS Vrio Analysis
- REBOOTING WORK FOR A DIGITAL ERA: HOW IBM REIMAGINED TALENT AND PERFORMANCE MANAGEMENT Vrio Analysis
- MASAYOSHI SON AND THE VISION FUND Vrio Analysis
- MEXICO: WALLS OR DOORS? Vrio Analysis
- COMMONWEALTH BANK OF AUSTRALIA: UNBANKLIKE EXPERIMENTATION Vrio Analysis
- THE FINANCIAL CRISIS: HANK PAULSON IN 2008 Vrio Analysis
- MOBIKE UNICORN Vrio Analysis
- AM S HEALTH AND HOPE Vrio Analysis
Previous Articles
- KUESKI: REVOLUTIONIZING CONSUMER CREDIT IN MEXICO SPANISH TRANSLATION Vrio Analysis
- EXPANDING INTO NEW THEME PARK MARKETS: THE CASE OF FERRARI Vrio Analysis
- LATRAPPE BREWERY: A VALUES BASED BUSINESS MODEL Vrio Analysis
- JUUL AND THE VAPING REVOLUTION Vrio Analysis
- ATTIJARIWAFA BANK: EGYPT EXPANSION Vrio Analysis
- INVESTING IN NATURE: THE NATURE CONSERVANCY AND NATUREVEST 2018 Vrio Analysis
- THE WEIR GROUP: REFORMING EXECUTIVE PAY (A) Vrio Analysis
- Greenland Vrio Analysis
- Island Learning Systems Ben Garrison: CEO Vrio Analysis
- Coastal Power Corpus Christi: Ramping Down (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!