- 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The CHANGE MANAGEMENT AND INTERNAL COMMUNICATION 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION VRIO Analysis shows that the financial resources of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION are highly valuable as these help in investing into external opportunities that arise. These also help CHANGE MANAGEMENT AND INTERNAL COMMUNICATION in combating external threats.
- According to the VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION, 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION VRIO Analysis shows that CHANGE MANAGEMENT AND INTERNAL COMMUNICATION'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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION's products.
- According to the VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. These patents also provide CHANGE MANAGEMENT AND INTERNAL COMMUNICATION with licensing revenue when it licenses these patents out to other manufacturers.
- The CHANGE MANAGEMENT AND INTERNAL COMMUNICATION VRIO Analysis shows that CHANGE MANAGEMENT AND INTERNAL COMMUNICATION’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION, 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION VRIO Analysis shows that the research and development at CHANGE MANAGEMENT AND INTERNAL COMMUNICATION 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION are found to be rare according to the VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION and inhibit competitive advantage. This means that the local food products result in competitive parity for CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. As this resource is valuable, CHANGE MANAGEMENT AND INTERNAL COMMUNICATION can still make use of this resource.
- The employees of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION are a rare resource as identified by the VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION are a rare resource as identified by the CHANGE MANAGEMENT AND INTERNAL COMMUNICATION VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows CHANGE MANAGEMENT AND INTERNAL COMMUNICATION to use them without interference from the competition.
- The distribution network of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION is a rare resource as identified by the VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION are costly to imitate as identified by the CHANGE MANAGEMENT AND INTERNAL COMMUNICATION 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION are also not costly to imitate as identified by the CHANGE MANAGEMENT AND INTERNAL COMMUNICATION VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from CHANGE MANAGEMENT AND INTERNAL COMMUNICATION by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION are very difficult to imitate as identified by the VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION is also very costly to imitate by competition as identified by the CHANGE MANAGEMENT AND INTERNAL COMMUNICATION VRIO Analysis. This has been developed over the years gradually by CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION are organised to capture value as identified by the VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION.
- The Patents of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION are not well organised as identified by the CHANGE MANAGEMENT AND INTERNAL COMMUNICATION 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION starts selling patented products before the patents expire.
- The distribution network of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION is organised as identified by the VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION. CHANGE MANAGEMENT AND INTERNAL COMMUNICATION 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION.
From the VRIO Analysis of CHANGE MANAGEMENT AND INTERNAL COMMUNICATION, 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 CHANGE MANAGEMENT AND INTERNAL COMMUNICATION 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.
Sarthak Chirag
5.0
The writer didn't refuse me when I asked for some changes in the project even if it was not his fault but the instruction of the teacher whose habit is just to tease the students with complex instructions.
Wai
5.0
I'm thoroughly impressed by this service because it supplied me with what I thought. Thanks a lot!
Annealle Nathan
4.0
The quality of their work is great! Love this service and will hire it for report writing. Thanks a lot!
Johny Anthony
5.0
The assignment was exceptionally written. I really appreciate the efforts of you guys. Recommended!
Next Articles
- MEASURING THE VALUE OF INTERNAL COMMUNICATION Vrio Analysis
- SAN FRANCISCO INTERNATIONAL AIRPORT AND QUANTUM SECURE'S SAFE FOR AVIATION SYSTEM SPANISH TRANSLATION Vrio Analysis
- TRADITION & TASTE: EXPLORING CONSUMERS’ CHANGING ATTITUDE Vrio Analysis
- A NOTE ON ENTREPRENEURIAL ECOSYSTEMS IN DEVELOPING ECONOMIES Vrio Analysis
- CARTER INTERNATIONAL (STUDENT SPREADSHEET) Vrio Analysis
- GOLDEN LEASH PAY FOR DIRECTORS AT THE DOW CHEMICAL COMPANY Vrio Analysis
- THE TROUBLE WITH LENDERS STUDENT SPREADSHEET TEMPLATE, SPREADSHEET Vrio Analysis
- FABER CASTELL (B) Vrio Analysis
- MOLESKINE ON THE ROAD (CASE B) SPREADSHEET Vrio Analysis
- ROCKBORO MACHINE TOOLS CORPORATION (SPREADSHEET) Vrio Analysis
Previous Articles
- ORGANIZATIONAL STRUCTURE, CULTURE, AND CLIMATE Vrio Analysis
- REACHING YOUR INTERNAL STAKEHOLDERS: TRADITIONAL AND NEW MEDIA CHANNELS Vrio Analysis
- LEADERSHIP COMMUNICATION Vrio Analysis
- BUILDING ETHICAL INTERNAL RELATIONS: A PRINCIPLED, ORGANIZATIONAL APPROACH Vrio Analysis
- UNDERSTANDING YOUR INTERNAL PUBLICS Vrio Analysis
- THE EVOLVING PRACTICES OF INTERNAL COMMUNICATION Vrio Analysis
- WHAT EXECUTIVES GET WRONG ABOUT CYBERSECURITY Vrio Analysis
- WARDING OFF THE THREAT OF DISRUPTION Vrio Analysis
- THE DOWNSIDE TO FULL BOARD INDEPENDENCE Vrio Analysis
- HOW MUCH CHANGE CAN A NEW CEO DEMAND? (COMMENTARY FOR HBR CASE STUDY) 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!