- 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 SPINNING OUT A STAR
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of SPINNING OUT A STAR will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The SPINNING OUT A STAR 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 SPINNING OUT A STAR VRIO Analysis shows that the financial resources of SPINNING OUT A STAR are highly valuable as these help in investing into external opportunities that arise. These also help SPINNING OUT A STAR in combating external threats.
- According to the VRIO Analysis of SPINNING OUT A STAR, 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 SPINNING OUT A STAR VRIO Analysis shows that SPINNING OUT A STAR'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 SPINNING OUT A STAR's products.
- According to the VRIO Analysis of SPINNING OUT A STAR, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for SPINNING OUT A STAR. These patents also provide SPINNING OUT A STAR with licensing revenue when it licenses these patents out to other manufacturers.
- The SPINNING OUT A STAR VRIO Analysis shows that SPINNING OUT A STAR’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for SPINNING OUT A STAR. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of SPINNING OUT A STAR, 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 SPINNING OUT A STAR VRIO Analysis shows that the research and development at SPINNING OUT A STAR 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 SPINNING OUT A STAR. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of SPINNING OUT A STAR are found to be rare according to the VRIO Analysis of SPINNING OUT A STAR. 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 SPINNING OUT A STAR 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 SPINNING OUT A STAR and inhibit competitive advantage. This means that the local food products result in competitive parity for SPINNING OUT A STAR. As this resource is valuable, SPINNING OUT A STAR can still make use of this resource.
- The employees of SPINNING OUT A STAR are a rare resource as identified by the VRIO Analysis of SPINNING OUT A STAR. 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 SPINNING OUT A STAR are a rare resource as identified by the SPINNING OUT A STAR VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows SPINNING OUT A STAR to use them without interference from the competition.
- The distribution network of SPINNING OUT A STAR is a rare resource as identified by the VRIO Analysis of SPINNING OUT A STAR. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of SPINNING OUT A STAR. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of SPINNING OUT A STAR are costly to imitate as identified by the SPINNING OUT A STAR 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 SPINNING OUT A STAR. 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 SPINNING OUT A STAR provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of SPINNING OUT A STAR are also not costly to imitate as identified by the SPINNING OUT A STAR VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from SPINNING OUT A STAR by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of SPINNING OUT A STAR a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of SPINNING OUT A STAR are very difficult to imitate as identified by the VRIO Analysis of SPINNING OUT A STAR. 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 SPINNING OUT A STAR is also very costly to imitate by competition as identified by the SPINNING OUT A STAR VRIO Analysis. This has been developed over the years gradually by SPINNING OUT A STAR. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of SPINNING OUT A STAR are organised to capture value as identified by the VRIO Analysis of SPINNING OUT A STAR. 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 SPINNING OUT A STAR.
- The Patents of SPINNING OUT A STAR are not well organised as identified by the SPINNING OUT A STAR 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 SPINNING OUT A STAR starts selling patented products before the patents expire.
- The distribution network of SPINNING OUT A STAR is organised as identified by the VRIO Analysis of SPINNING OUT A STAR. SPINNING OUT A STAR 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 SPINNING OUT A STAR.
From the VRIO Analysis of SPINNING OUT A STAR, 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 SPINNING OUT A STAR 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.
Andrija Stajovic
5.0
Friendly customer support that resolved my issue regarding fast delivery. Honestly, it was impossible to complete the paper within two days with such tedious topic but these guys proved helpful and I obtained a detailed paper from them. Highly recommended!
Tommasa
4.0
Out of many services, I applied for this one. Completely reliable service that saved me from stress. Thank you!
Annie Samuel
5.0
Was messed up with the Finance assignment and appointed this service. This service resolved my problem with a good solution and I’m thankful to this service. Thank you very very much!
Shane Henry
4.0
Thank you for your guys help for making my paper so best. I’m looking forward to making my next order. Grateful!
Next Articles
- THAT'S A WRAP: THE DYNAMICS OF THE VIDEO RENTAL INDUSTRY Vrio Analysis
- BIRLA 3M LIMITED Vrio Analysis
- LOST PEAK WINERY, INC. (B) Vrio Analysis
- LOST PEAK WINERY, INC. (C) Vrio Analysis
- ACCOUNTING FOR THE INTEL PENTIUM CHIP FLAW Vrio Analysis
- ACCOUNTING FOR EMPLOYEE STOCK OPTIONS Vrio Analysis
- ACCOUNTING FOR COMPUTER SOFTWARE DEVELOPMENT COSTS Vrio Analysis
- TREAD LIGHTLY THROUGH THESE ACCOUNTING MINEFIELDS Vrio Analysis
- MECHANICS OF FINANCIAL ACCOUNTING Vrio Analysis
- CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING Vrio Analysis
Previous Articles
- LOST PEAK WINERY, INC. (A) Vrio Analysis
- FAIRFIELD COMMUNITIES, INC. Vrio Analysis
- TAKING THE MYSTERY OUT OF INVESTOR BEHAVIOR Vrio Analysis
- CUSTOMER PROFITABILITY AND CUSTOMER RELATIONSHIP MANAGEMENT AT RBC FINANCIAL GROUP (ABRIDGED) Vrio Analysis
- METALCRAFT SUPPLIER SCORECARD Vrio Analysis
- WHAT'S YOUR REAL COST OF CAPITAL? Vrio Analysis
- INTRODUCTION TO STOCKHOLDERS' EQUITY Vrio Analysis
- FLAW OF AVERAGES Vrio Analysis
- WHY GOOD ACCOUNTANTS DO BAD AUDITS Vrio Analysis
- EXPENSING OPTIONS SOLVES NOTHING 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!