VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B

Posted by Zachary Edwards on Mar-22-2018

The VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The To Eat or Not to Eat Mampf Foods and the Biotechnology Question B 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B VRIO Analysis shows that the financial resources of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B are highly valuable as these help in investing into external opportunities that arise. These also help To Eat or Not to Eat Mampf Foods and the Biotechnology Question B in combating external threats.
• According to the VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B, 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B VRIO Analysis shows that To Eat or Not to Eat Mampf Foods and the Biotechnology Question B'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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B's products.
• According to the VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. These patents also provide To Eat or Not to Eat Mampf Foods and the Biotechnology Question B with licensing revenue when it licenses these patents out to other manufacturers.
• The To Eat or Not to Eat Mampf Foods and the Biotechnology Question B VRIO Analysis shows that To Eat or Not to Eat Mampf Foods and the Biotechnology Question B’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. It also ensures that promotion activities translate into sales as the products are easily available.
• According to the VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B, 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B VRIO Analysis shows that the research and development at To Eat or Not to Eat Mampf Foods and the Biotechnology Question B 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. It is recommended that the research and development teams are improved, and costs are cut for these.

Rare

• The financial resources of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B are found to be rare according to the VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B and inhibit competitive advantage. This means that the local food products result in competitive parity for To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. As this resource is valuable, To Eat or Not to Eat Mampf Foods and the Biotechnology Question B can still make use of this resource.
• The employees of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B are a rare resource as identified by the VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B are a rare resource as identified by the To Eat or Not to Eat Mampf Foods and the Biotechnology Question B VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows To Eat or Not to Eat Mampf Foods and the Biotechnology Question B to use them without interference from the competition.
• The distribution network of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B is a rare resource as identified by the VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. These are also possessed by very few firms in the industry.

Imitable

• The financial resources of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B are costly to imitate as identified by the To Eat or Not to Eat Mampf Foods and the Biotechnology Question B 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B provide it with a temporary competitive advantage that competitors can too acquire in the long run.
• The employees of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B are also not costly to imitate as identified by the To Eat or Not to Eat Mampf Foods and the Biotechnology Question B VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from To Eat or Not to Eat Mampf Foods and the Biotechnology Question B by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
• The patents of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B are very difficult to imitate as identified by the VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B is also very costly to imitate by competition as identified by the To Eat or Not to Eat Mampf Foods and the Biotechnology Question B VRIO Analysis. This has been developed over the years gradually by To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.

Organisation

• The financial resources of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B are organised to capture value as identified by the VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B.
• The Patents of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B are not well organised as identified by the To Eat or Not to Eat Mampf Foods and the Biotechnology Question B 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B starts selling patented products before the patents expire.
• The distribution network of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B is organised as identified by the VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B. To Eat or Not to Eat Mampf Foods and the Biotechnology Question B 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B.

From the VRIO Analysis of To Eat or Not to Eat Mampf Foods and the Biotechnology Question B, 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 To Eat or Not to Eat Mampf Foods and the Biotechnology Question B is a competitive disadvantage. Research and Development is also a competitive disadvantage.