- 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 Daewoo and the Korean Chaebol
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Daewoo and the Korean Chaebol will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Daewoo and the Korean Chaebol 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 Daewoo and the Korean Chaebol VRIO Analysis shows that the financial resources of Daewoo and the Korean Chaebol are highly valuable as these help in investing into external opportunities that arise. These also help Daewoo and the Korean Chaebol in combating external threats.
- According to the VRIO Analysis of Daewoo and the Korean Chaebol, 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 Daewoo and the Korean Chaebol VRIO Analysis shows that Daewoo and the Korean Chaebol'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 Daewoo and the Korean Chaebol's products.
- According to the VRIO Analysis of Daewoo and the Korean Chaebol, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Daewoo and the Korean Chaebol. These patents also provide Daewoo and the Korean Chaebol with licensing revenue when it licenses these patents out to other manufacturers.
- The Daewoo and the Korean Chaebol VRIO Analysis shows that Daewoo and the Korean Chaebol’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Daewoo and the Korean Chaebol. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Daewoo and the Korean Chaebol, 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 Daewoo and the Korean Chaebol VRIO Analysis shows that the research and development at Daewoo and the Korean Chaebol 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 Daewoo and the Korean Chaebol. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Daewoo and the Korean Chaebol are found to be rare according to the VRIO Analysis of Daewoo and the Korean Chaebol. 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 Daewoo and the Korean Chaebol 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 Daewoo and the Korean Chaebol and inhibit competitive advantage. This means that the local food products result in competitive parity for Daewoo and the Korean Chaebol. As this resource is valuable, Daewoo and the Korean Chaebol can still make use of this resource.
- The employees of Daewoo and the Korean Chaebol are a rare resource as identified by the VRIO Analysis of Daewoo and the Korean Chaebol. 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 Daewoo and the Korean Chaebol are a rare resource as identified by the Daewoo and the Korean Chaebol VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Daewoo and the Korean Chaebol to use them without interference from the competition.
- The distribution network of Daewoo and the Korean Chaebol is a rare resource as identified by the VRIO Analysis of Daewoo and the Korean Chaebol. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Daewoo and the Korean Chaebol. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Daewoo and the Korean Chaebol are costly to imitate as identified by the Daewoo and the Korean Chaebol 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 Daewoo and the Korean Chaebol. 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 Daewoo and the Korean Chaebol provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Daewoo and the Korean Chaebol are also not costly to imitate as identified by the Daewoo and the Korean Chaebol VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Daewoo and the Korean Chaebol by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Daewoo and the Korean Chaebol a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Daewoo and the Korean Chaebol are very difficult to imitate as identified by the VRIO Analysis of Daewoo and the Korean Chaebol. 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 Daewoo and the Korean Chaebol is also very costly to imitate by competition as identified by the Daewoo and the Korean Chaebol VRIO Analysis. This has been developed over the years gradually by Daewoo and the Korean Chaebol. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Daewoo and the Korean Chaebol are organised to capture value as identified by the VRIO Analysis of Daewoo and the Korean Chaebol. 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 Daewoo and the Korean Chaebol.
- The Patents of Daewoo and the Korean Chaebol are not well organised as identified by the Daewoo and the Korean Chaebol 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 Daewoo and the Korean Chaebol starts selling patented products before the patents expire.
- The distribution network of Daewoo and the Korean Chaebol is organised as identified by the VRIO Analysis of Daewoo and the Korean Chaebol. Daewoo and the Korean Chaebol 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 Daewoo and the Korean Chaebol.
From the VRIO Analysis of Daewoo and the Korean Chaebol, 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 Daewoo and the Korean Chaebol 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.
Ismaila Busari
5.0
I want to tell you that this site provides good work with the fees that I and everyone can comfortably hold. Be relied on my statement and just state once to its support team and the writer!
Sara Botond
5.0
The design of this service was fine and I made an order with them after the full investigation from the support team. I got the order at the given time and didn’t call them for revision because the paper was okay!
Lily Zhao
5.0
I was much tensed how to complete the paper but this company let me to submit the paper and obtain expected scores.
Jane Eric
5.0
All my suggestions were completely sorted out and I would be delighted to refer this service to friends.
Next Articles
- China And Its Neighbours Vrio Analysis
- Financial Crises And Firm Performance Vrio Analysis
- The New Macau Concept: From Gaming To Total Economic Development Vrio Analysis
- The Market Of Exchanges: HKEx And The New Beauty Parade Vrio Analysis
- Tokyo Disneyland: Licensing Vs Joint Venture Vrio Analysis
- Duty Of Care: Susan Field V Barber Asia Vrio Analysis
- Nireco Japan: Introduction Of The Poison Pill Vrio Analysis
- Singapore: Committee On Singapore's Competitiveness Vrio Analysis
- The Peregrine Debacle Vrio Analysis
- DispatchPro System: Leveraging Government Initiated IT Infrastructure Vrio Analysis
Previous Articles
- Hong Kong As Asia's World City Vrio Analysis
- Pudong New Area Of Shanghai Vrio Analysis
- The Competitiveness Of The Chinese Produce Industry Vrio Analysis
- Shun Sang (HK) Co Ltd: Streamlining Logistical Flow Vrio Analysis
- Real Estate And Capital Structure Decisions: Lease Versus Buy Analysis Vrio Analysis
- Hongkong Land Holdings Limited: Strategic Repositioning Of Real Estate Assets Vrio Analysis
- Preparing For China's Entry To The WTO: Mainland Securities Company Limited Vrio Analysis
- Core Competence At NEC And GTE Vrio Analysis
- Business Competition In China: Beer, PCs, Steel, TV Sets Vrio Analysis
- The Airline Industry And The World Trade Center Disaster 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!