- 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 Rockhard Insurance
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Rockhard Insurance will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Rockhard Insurance 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 Rockhard Insurance VRIO Analysis shows that the financial resources of Rockhard Insurance are highly valuable as these help in investing into external opportunities that arise. These also help Rockhard Insurance in combating external threats.
- According to the VRIO Analysis of Rockhard Insurance, 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 Rockhard Insurance VRIO Analysis shows that Rockhard Insurance'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 Rockhard Insurance's products.
- According to the VRIO Analysis of Rockhard Insurance, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Rockhard Insurance. These patents also provide Rockhard Insurance with licensing revenue when it licenses these patents out to other manufacturers.
- The Rockhard Insurance VRIO Analysis shows that Rockhard Insurance’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Rockhard Insurance. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Rockhard Insurance, 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 Rockhard Insurance VRIO Analysis shows that the research and development at Rockhard Insurance 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 Rockhard Insurance. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Rockhard Insurance are found to be rare according to the VRIO Analysis of Rockhard Insurance. 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 Rockhard Insurance 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 Rockhard Insurance and inhibit competitive advantage. This means that the local food products result in competitive parity for Rockhard Insurance. As this resource is valuable, Rockhard Insurance can still make use of this resource.
- The employees of Rockhard Insurance are a rare resource as identified by the VRIO Analysis of Rockhard Insurance. 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 Rockhard Insurance are a rare resource as identified by the Rockhard Insurance VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Rockhard Insurance to use them without interference from the competition.
- The distribution network of Rockhard Insurance is a rare resource as identified by the VRIO Analysis of Rockhard Insurance. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Rockhard Insurance. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Rockhard Insurance are costly to imitate as identified by the Rockhard Insurance 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 Rockhard Insurance. 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 Rockhard Insurance provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Rockhard Insurance are also not costly to imitate as identified by the Rockhard Insurance VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Rockhard Insurance by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Rockhard Insurance a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Rockhard Insurance are very difficult to imitate as identified by the VRIO Analysis of Rockhard Insurance. 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 Rockhard Insurance is also very costly to imitate by competition as identified by the Rockhard Insurance VRIO Analysis. This has been developed over the years gradually by Rockhard Insurance. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Rockhard Insurance are organised to capture value as identified by the VRIO Analysis of Rockhard Insurance. 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 Rockhard Insurance.
- The Patents of Rockhard Insurance are not well organised as identified by the Rockhard Insurance 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 Rockhard Insurance starts selling patented products before the patents expire.
- The distribution network of Rockhard Insurance is organised as identified by the VRIO Analysis of Rockhard Insurance. Rockhard Insurance 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 Rockhard Insurance.
From the VRIO Analysis of Rockhard Insurance, 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 Rockhard Insurance 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.
Kushal Kumar
5.0
A student spends a good life if he has a kind service like this. Honestly, this service acts appropriately regarding the revision and reworks the paper for demanding no extras. Thank you!
Yellick Merlin
5.0
I'm glad that I discovered this service because my experience with other services was not satisfactory. Thankful for the seriousness and sincerity.
Zhao Justin
5.0
A Comprehensive dissertation, I'm happy to be a part of this service. Thank you!
Jonathan Samuel
4.0
I'll be ordering this service again if I am trapped in the strict deadline. Highly recommended!
Next Articles
- Colonial National Bank Vrio Analysis
- Wallace And Youngman Vrio Analysis
- Sallie Mae: Reverse Yen PERLS Issue Vrio Analysis
- Bumble Bee Seafoods, Inc. Vrio Analysis
- Forwards And Futures Vrio Analysis
- Risk Management For Derivatives Vrio Analysis
- HUMANITARIAN AGILITY IN ACTION (C): ANALYSIS OF UNICEF'S RESPONSE TO THE 2015 YEMEN CRISIS Vrio Analysis
- Option Contracts And Their Valuation Vrio Analysis
- The Black Scholes Option Pricing Model Vrio Analysis
- Corning Inc.: Zero Coupon Convertible Debentures (A) Vrio Analysis
Previous Articles
- DSC Communications Corporation Vrio Analysis
- SEC Versus Goldman Sachs (B): The Settlement—Everybody Wins, Except Fabrice Tourre Vrio Analysis
- Volatility In China's Stock Market: Boom, Bust, Boom...and Bust? Vrio Analysis
- The Panic Of 1857, The New York Clearing House, And The Concept Of Insolvency (B) Vrio Analysis
- WHO USES WHAT ON SOCIAL MEDIA ... AND WHY Vrio Analysis
- WHAT IS SOCIAL MEDIA? Vrio Analysis
- POWERPOINT: VMOCK CASE DEBRIEF Vrio Analysis
- VMOCK REVENUE CALCULATIONS SOLUTION, SPREADSHEET Vrio Analysis
- BUILDING YOUR DEVELOPMENTAL NETWORK EXERCISE F Vrio Analysis
- BUILDING YOUR DEVELOPMENTAL NETWORK EXERCISE E 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!