- 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 Firestone Crises Across the Decades
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Firestone Crises Across the Decades will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Firestone Crises Across the Decades 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 Firestone Crises Across the Decades VRIO Analysis shows that the financial resources of Firestone Crises Across the Decades are highly valuable as these help in investing into external opportunities that arise. These also help Firestone Crises Across the Decades in combating external threats.
- According to the VRIO Analysis of Firestone Crises Across the Decades, 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 Firestone Crises Across the Decades VRIO Analysis shows that Firestone Crises Across the Decades'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 Firestone Crises Across the Decades's products.
- According to the VRIO Analysis of Firestone Crises Across the Decades, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Firestone Crises Across the Decades. These patents also provide Firestone Crises Across the Decades with licensing revenue when it licenses these patents out to other manufacturers.
- The Firestone Crises Across the Decades VRIO Analysis shows that Firestone Crises Across the Decades’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Firestone Crises Across the Decades. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Firestone Crises Across the Decades, 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 Firestone Crises Across the Decades VRIO Analysis shows that the research and development at Firestone Crises Across the Decades 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 Firestone Crises Across the Decades. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Firestone Crises Across the Decades are found to be rare according to the VRIO Analysis of Firestone Crises Across the Decades. 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 Firestone Crises Across the Decades 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 Firestone Crises Across the Decades and inhibit competitive advantage. This means that the local food products result in competitive parity for Firestone Crises Across the Decades. As this resource is valuable, Firestone Crises Across the Decades can still make use of this resource.
- The employees of Firestone Crises Across the Decades are a rare resource as identified by the VRIO Analysis of Firestone Crises Across the Decades. 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 Firestone Crises Across the Decades are a rare resource as identified by the Firestone Crises Across the Decades VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Firestone Crises Across the Decades to use them without interference from the competition.
- The distribution network of Firestone Crises Across the Decades is a rare resource as identified by the VRIO Analysis of Firestone Crises Across the Decades. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Firestone Crises Across the Decades. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Firestone Crises Across the Decades are costly to imitate as identified by the Firestone Crises Across the Decades 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 Firestone Crises Across the Decades. 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 Firestone Crises Across the Decades provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Firestone Crises Across the Decades are also not costly to imitate as identified by the Firestone Crises Across the Decades VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Firestone Crises Across the Decades by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Firestone Crises Across the Decades a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Firestone Crises Across the Decades are very difficult to imitate as identified by the VRIO Analysis of Firestone Crises Across the Decades. 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 Firestone Crises Across the Decades is also very costly to imitate by competition as identified by the Firestone Crises Across the Decades VRIO Analysis. This has been developed over the years gradually by Firestone Crises Across the Decades. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Firestone Crises Across the Decades are organised to capture value as identified by the VRIO Analysis of Firestone Crises Across the Decades. 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 Firestone Crises Across the Decades.
- The Patents of Firestone Crises Across the Decades are not well organised as identified by the Firestone Crises Across the Decades 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 Firestone Crises Across the Decades starts selling patented products before the patents expire.
- The distribution network of Firestone Crises Across the Decades is organised as identified by the VRIO Analysis of Firestone Crises Across the Decades. Firestone Crises Across the Decades 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 Firestone Crises Across the Decades.
From the VRIO Analysis of Firestone Crises Across the Decades, 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 Firestone Crises Across the Decades 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.
Li Yun
5.0
This corporation boosted my grades. Thank you so much for establishing appropriate prices on the account that it let me keep with this service and got the papers cleared rightly.
Nathan Oscar
5.0
This great website helped me a lot—A+ service. Thanks!
Lie Ho
5.0
I wonder how this writing service writes my paper perfectly. The assignment was really remarkable. Thank you so much!
Sophie Matthew
5.0
They offered me good discounts and I hired this service for term paper writing. The paper quality was awesome and the prices were very reasonable. Thank you!
Next Articles
- Academia Barilla Vrio Analysis
- Tierra Fertil Vrio Analysis
- Sugar Daddy: Quotas And The U.S. Government Vrio Analysis
- Australian Wheat Board Ltd.: Becoming A Grower Owned Corporation Vrio Analysis
- Global Farmer And The Future Of Soybean Production, Spanish Version Vrio Analysis
- Global Wine Wars: New World Challenges Old (A), Spanish Version Vrio Analysis
- Global Conservation Trust: A Foundation For Food Security Vrio Analysis
- Forest Policy In Malaysia Vrio Analysis
- Snus: No Smoke Without Fire? Vrio Analysis
- How Government Shaped The American Diet Vrio Analysis
Previous Articles
- Alleviating Poverty And Malnutrition: Successful Models Vrio Analysis
- China Versus Japan: On The Verge Of A Trade War Vrio Analysis
- Cargill (A) Vrio Analysis
- Singapore Airlines In The 90s Vrio Analysis
- Aviation Security After September 11th: Public Or Private? Vrio Analysis
- Airbus Vs. Boeing (B): The Storm Intensifies Vrio Analysis
- Collision Course In Commercial Aircraft: Remarks By Jean Pierson, Video Vrio Analysis
- Collision Course In Commercial Aircraft: Boeing Airbus McDonnell Douglas 1991 (B) Vrio Analysis
- Airbus Vs. Boeing (C): Steps Toward Dispute Resolution Vrio Analysis
- Bombardier: Canada Vs. Brazil At The WTO 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!