- 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 MACROENVIRONMENT
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of THE MACROENVIRONMENT will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The THE MACROENVIRONMENT 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 MACROENVIRONMENT VRIO Analysis shows that the financial resources of THE MACROENVIRONMENT are highly valuable as these help in investing into external opportunities that arise. These also help THE MACROENVIRONMENT in combating external threats.
- According to the VRIO Analysis of THE MACROENVIRONMENT, 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 MACROENVIRONMENT VRIO Analysis shows that THE MACROENVIRONMENT'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 MACROENVIRONMENT's products.
- According to the VRIO Analysis of THE MACROENVIRONMENT, 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 MACROENVIRONMENT. These patents also provide THE MACROENVIRONMENT with licensing revenue when it licenses these patents out to other manufacturers.
- The THE MACROENVIRONMENT VRIO Analysis shows that THE MACROENVIRONMENT’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for THE MACROENVIRONMENT. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of THE MACROENVIRONMENT, 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 MACROENVIRONMENT VRIO Analysis shows that the research and development at THE MACROENVIRONMENT 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 MACROENVIRONMENT. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of THE MACROENVIRONMENT are found to be rare according to the VRIO Analysis of THE MACROENVIRONMENT. 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 MACROENVIRONMENT 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 MACROENVIRONMENT and inhibit competitive advantage. This means that the local food products result in competitive parity for THE MACROENVIRONMENT. As this resource is valuable, THE MACROENVIRONMENT can still make use of this resource.
- The employees of THE MACROENVIRONMENT are a rare resource as identified by the VRIO Analysis of THE MACROENVIRONMENT. 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 MACROENVIRONMENT are a rare resource as identified by the THE MACROENVIRONMENT VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows THE MACROENVIRONMENT to use them without interference from the competition.
- The distribution network of THE MACROENVIRONMENT is a rare resource as identified by the VRIO Analysis of THE MACROENVIRONMENT. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of THE MACROENVIRONMENT. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of THE MACROENVIRONMENT are costly to imitate as identified by the THE MACROENVIRONMENT 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 MACROENVIRONMENT. 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 MACROENVIRONMENT provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of THE MACROENVIRONMENT are also not costly to imitate as identified by the THE MACROENVIRONMENT VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from THE MACROENVIRONMENT by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of THE MACROENVIRONMENT a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of THE MACROENVIRONMENT are very difficult to imitate as identified by the VRIO Analysis of THE MACROENVIRONMENT. 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 MACROENVIRONMENT is also very costly to imitate by competition as identified by the THE MACROENVIRONMENT VRIO Analysis. This has been developed over the years gradually by THE MACROENVIRONMENT. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of THE MACROENVIRONMENT are organised to capture value as identified by the VRIO Analysis of THE MACROENVIRONMENT. 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 MACROENVIRONMENT.
- The Patents of THE MACROENVIRONMENT are not well organised as identified by the THE MACROENVIRONMENT 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 MACROENVIRONMENT starts selling patented products before the patents expire.
- The distribution network of THE MACROENVIRONMENT is organised as identified by the VRIO Analysis of THE MACROENVIRONMENT. THE MACROENVIRONMENT 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 MACROENVIRONMENT.
From the VRIO Analysis of THE MACROENVIRONMENT, 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 MACROENVIRONMENT 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.
John Smith
5.0
Plagiarism-free was the paper that I wanted from many services but every site with too many promises provided me with pirated paper. This service guaranteed me about the genuine documents and it confirmed its words by supplying me the report of paraphrasing checking.
Alexander Albie
5.0
It's a pleasure for me to recommend this type of service to friends. Eventually, we'll be able to have a joyful time with each other.
John James
5.0
Here you can get the fine writer who can compose the paper rightly. Their way of seriousness should be cherished. Thank you so much!
Godfred Quarcoo
5.0
Great work
Next Articles
- STRATEGIZING Vrio Analysis
- MANAGING PROCESS Vrio Analysis
- NEW KNOWLEDGE ACQUISITION Vrio Analysis
- THE SERVICE SECTOR Vrio Analysis
- EMERGING FUTURES Vrio Analysis
- NANJING GAOKE: COULD CHINA’S SOE BE EFFECTIVELY TRANSFORMED INTO A MARKET ORIENTED ASSET HOLDING COMPANY? Vrio Analysis
- BLAKE SPORTS APPAREL AND SWITCH ACTIVEWEAR: BRINGING THE EXECUTIVE TEAM TOGETHER Vrio Analysis
- HILTI FLEET MANAGEMENT (B): TOWARDS A NEW BUSINESS MODEL Vrio Analysis
- GMR KUAEL: THE LONGEST ROAD PPP Vrio Analysis
- MEASURING ROI ON SPONSORED SEARCH ADS STUDENT SPREADSHEET Vrio Analysis
Previous Articles
- OPPORTUNITY EMERGENCE AND EVOLUTION Vrio Analysis
- LEADERS AND STRUCTURE Vrio Analysis
- TECHNOLOGICAL ENTREPRENEURS Vrio Analysis
- TECHNOLOGY: THE WEALTH GENERATOR Vrio Analysis
- ANNA PESSAH: LEAN THINKING AT SUMMIT FUNDING (A) (STUDENT SPREADSHEET) Vrio Analysis
- SARAK WHOLESALE: WISHING FOR CONTROL (STUDENT SPREADSHEET) Vrio Analysis
- FAW VOLKSWAGEN AUDI: PIONEERING THE FUTURE (2012 PRESENT) Vrio Analysis
- FAW VOLKSWAGEN AUDI: LEADER (1987 2000) Vrio Analysis
- FAW VOLKSWAGEN AUDI: AN OVERALL DEFINER OF LUXURY CARS IN CHINA (2001 2011) Vrio Analysis
- RESPONSIBILITIES TO INVESTORS, MODULE NOTE 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!