- 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 General Maritime Corporation Reaching Toward a Milestone
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The General Maritime Corporation Reaching Toward a Milestone 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 General Maritime Corporation Reaching Toward a Milestone VRIO Analysis shows that the financial resources of General Maritime Corporation Reaching Toward a Milestone are highly valuable as these help in investing into external opportunities that arise. These also help General Maritime Corporation Reaching Toward a Milestone in combating external threats.
- According to the VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone, 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 General Maritime Corporation Reaching Toward a Milestone VRIO Analysis shows that General Maritime Corporation Reaching Toward a Milestone'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 General Maritime Corporation Reaching Toward a Milestone's products.
- According to the VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for General Maritime Corporation Reaching Toward a Milestone. These patents also provide General Maritime Corporation Reaching Toward a Milestone with licensing revenue when it licenses these patents out to other manufacturers.
- The General Maritime Corporation Reaching Toward a Milestone VRIO Analysis shows that General Maritime Corporation Reaching Toward a Milestone’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for General Maritime Corporation Reaching Toward a Milestone. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone, 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 General Maritime Corporation Reaching Toward a Milestone VRIO Analysis shows that the research and development at General Maritime Corporation Reaching Toward a Milestone 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 General Maritime Corporation Reaching Toward a Milestone. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of General Maritime Corporation Reaching Toward a Milestone are found to be rare according to the VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone. 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 General Maritime Corporation Reaching Toward a Milestone 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 General Maritime Corporation Reaching Toward a Milestone and inhibit competitive advantage. This means that the local food products result in competitive parity for General Maritime Corporation Reaching Toward a Milestone. As this resource is valuable, General Maritime Corporation Reaching Toward a Milestone can still make use of this resource.
- The employees of General Maritime Corporation Reaching Toward a Milestone are a rare resource as identified by the VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone. 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 General Maritime Corporation Reaching Toward a Milestone are a rare resource as identified by the General Maritime Corporation Reaching Toward a Milestone VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows General Maritime Corporation Reaching Toward a Milestone to use them without interference from the competition.
- The distribution network of General Maritime Corporation Reaching Toward a Milestone is a rare resource as identified by the VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of General Maritime Corporation Reaching Toward a Milestone. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of General Maritime Corporation Reaching Toward a Milestone are costly to imitate as identified by the General Maritime Corporation Reaching Toward a Milestone 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 General Maritime Corporation Reaching Toward a Milestone. 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 General Maritime Corporation Reaching Toward a Milestone provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of General Maritime Corporation Reaching Toward a Milestone are also not costly to imitate as identified by the General Maritime Corporation Reaching Toward a Milestone VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from General Maritime Corporation Reaching Toward a Milestone by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of General Maritime Corporation Reaching Toward a Milestone a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of General Maritime Corporation Reaching Toward a Milestone are very difficult to imitate as identified by the VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone. 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 General Maritime Corporation Reaching Toward a Milestone is also very costly to imitate by competition as identified by the General Maritime Corporation Reaching Toward a Milestone VRIO Analysis. This has been developed over the years gradually by General Maritime Corporation Reaching Toward a Milestone. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of General Maritime Corporation Reaching Toward a Milestone are organised to capture value as identified by the VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone. 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 General Maritime Corporation Reaching Toward a Milestone.
- The Patents of General Maritime Corporation Reaching Toward a Milestone are not well organised as identified by the General Maritime Corporation Reaching Toward a Milestone 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 General Maritime Corporation Reaching Toward a Milestone starts selling patented products before the patents expire.
- The distribution network of General Maritime Corporation Reaching Toward a Milestone is organised as identified by the VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone. General Maritime Corporation Reaching Toward a Milestone 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 General Maritime Corporation Reaching Toward a Milestone.
From the VRIO Analysis of General Maritime Corporation Reaching Toward a Milestone, 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 General Maritime Corporation Reaching Toward a Milestone 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.
William Alston
5.0
I glanced at first, and assumed that it is an upright and legitimate company. Yes, I was right because my assignment is excellent.
Raphael Alecio
5.0
How can I speak against this service that provided me the well-written paper without even a single minute delay? Thank you so much!
Yang Chang
5.0
There was no grammatical and formatting issue in the essay that this service provided to me. Keep up this great work guys!
Marie Adam
5.0
This assignment writing service works as advertised. Turnitin report was attached to my assignment that was the proof of this service’s professionalism. Highly recommended service!
Next Articles
- Kaskazi Network Ltd: Distributing To The Bottom Of The Pyramid (C) Vrio Analysis
- Kaskazi Network Ltd: Distributing To The Bottom Of The Pyramid (A) Vrio Analysis
- Kaskazi Network Ltd: Distributing To The Bottom Of The Pyramid (B) Vrio Analysis
- Petter Eiken At Skanska: Leading Change Vrio Analysis
- Seaspan Corporation: Leading A Sea Change Toward Growth And Stability Vrio Analysis
- Danaos Corporation: Leading The Way With Innovation Vrio Analysis
- China Shipping Group Vrio Analysis
- Fesco Vrio Analysis
- Fresco Vrio Analysis
- Orient Overseas Container Line Vrio Analysis
Previous Articles
- Kaskazi Network Ltd (A), (B) & (C) Vrio Analysis
- Air Deccan (A) & (B) Vrio Analysis
- Collision Course: Bob Nardelli And The Home Depot Shareholders Vrio Analysis
- The Cemex Way To Profitable Growth: Leveraging Post Merger Integration And Best Practice Innovation Vrio Analysis
- Art Of Creative Leadership: Taranda And The Imperial Russian Ballet, 2000 Vrio Analysis
- Art Of Creative Leadership: Diaghelev And The Ballets Russes, Early 1900s Vrio Analysis
- Harnessing Disruptive Change: The Case Of Biofuels Vrio Analysis
- Corporate Governance At HET: Scenes From A Vietnamese Foreign Marriage (A) Vrio Analysis
- Corporate Governance At HET: Scenes From A Vietnamese Foreign Marriage (B) Vrio Analysis
- China Merchants Bank (D): Credit Cards, The New Frontier Of China's Financial World 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!