- 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 Modelling Store Image in Retail Services
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Modelling Store Image in Retail Services will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Modelling Store Image in Retail Services 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 Modelling Store Image in Retail Services VRIO Analysis shows that the financial resources of Modelling Store Image in Retail Services are highly valuable as these help in investing into external opportunities that arise. These also help Modelling Store Image in Retail Services in combating external threats.
- According to the VRIO Analysis of Modelling Store Image in Retail Services, 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 Modelling Store Image in Retail Services VRIO Analysis shows that Modelling Store Image in Retail Services'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 Modelling Store Image in Retail Services's products.
- According to the VRIO Analysis of Modelling Store Image in Retail Services, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Modelling Store Image in Retail Services. These patents also provide Modelling Store Image in Retail Services with licensing revenue when it licenses these patents out to other manufacturers.
- The Modelling Store Image in Retail Services VRIO Analysis shows that Modelling Store Image in Retail Services’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Modelling Store Image in Retail Services. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Modelling Store Image in Retail Services, 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 Modelling Store Image in Retail Services VRIO Analysis shows that the research and development at Modelling Store Image in Retail Services 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 Modelling Store Image in Retail Services. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Modelling Store Image in Retail Services are found to be rare according to the VRIO Analysis of Modelling Store Image in Retail Services. 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 Modelling Store Image in Retail Services 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 Modelling Store Image in Retail Services and inhibit competitive advantage. This means that the local food products result in competitive parity for Modelling Store Image in Retail Services. As this resource is valuable, Modelling Store Image in Retail Services can still make use of this resource.
- The employees of Modelling Store Image in Retail Services are a rare resource as identified by the VRIO Analysis of Modelling Store Image in Retail Services. 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 Modelling Store Image in Retail Services are a rare resource as identified by the Modelling Store Image in Retail Services VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Modelling Store Image in Retail Services to use them without interference from the competition.
- The distribution network of Modelling Store Image in Retail Services is a rare resource as identified by the VRIO Analysis of Modelling Store Image in Retail Services. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Modelling Store Image in Retail Services. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Modelling Store Image in Retail Services are costly to imitate as identified by the Modelling Store Image in Retail Services 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 Modelling Store Image in Retail Services. 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 Modelling Store Image in Retail Services provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Modelling Store Image in Retail Services are also not costly to imitate as identified by the Modelling Store Image in Retail Services VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Modelling Store Image in Retail Services by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Modelling Store Image in Retail Services a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Modelling Store Image in Retail Services are very difficult to imitate as identified by the VRIO Analysis of Modelling Store Image in Retail Services. 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 Modelling Store Image in Retail Services is also very costly to imitate by competition as identified by the Modelling Store Image in Retail Services VRIO Analysis. This has been developed over the years gradually by Modelling Store Image in Retail Services. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Modelling Store Image in Retail Services are organised to capture value as identified by the VRIO Analysis of Modelling Store Image in Retail Services. 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 Modelling Store Image in Retail Services.
- The Patents of Modelling Store Image in Retail Services are not well organised as identified by the Modelling Store Image in Retail Services 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 Modelling Store Image in Retail Services starts selling patented products before the patents expire.
- The distribution network of Modelling Store Image in Retail Services is organised as identified by the VRIO Analysis of Modelling Store Image in Retail Services. Modelling Store Image in Retail Services 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 Modelling Store Image in Retail Services.
From the VRIO Analysis of Modelling Store Image in Retail Services, 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 Modelling Store Image in Retail Services 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.
Racheal
5.0
These guys are real heroes who issue assignments on time. Surprisingly, I got an assignment with no plagiarism. Thanks!
Mahdi Farhad
5.0
Absolutely this company exceeded my expectations. Pricing was great and obtained good scores.
Suhayla Rabah
5.0
Last time, I highlighted an issue and it responsibly listened to me. I’m satisfied with this service!
Piper Kyle
5.0
I love the job that this service did for me. Such absolute work. Will appoint this company again.
Next Articles
- Convergence Of The Global Cell Phone Market And Universal Cell Phone Behaviours Vrio Analysis
- Intention To Participate On Social Commerce Platform: A Study On E Commerce Websites Vrio Analysis
- Examining Financial Risk Tolerance Via Mental Accounting And The Behavioral Life Cycle Hypothesis Vrio Analysis
- Antecedents Of Customer Loyalty In The Mobile Telecommunication Market: A Cross Cultural Investigation Vrio Analysis
- Advanced IPA Assessment For Contemporary Exhibition Visitor's Engagement Marketing Vrio Analysis
- Scale Development And Initial Validation For Consumption Masstige Vrio Analysis
- Congruence Between Self Concept And Brand Personality: Its Effect On Brand Emotional Attachment Vrio Analysis
- A New Perspective On The Cognitive Representation Of Internal Reference Price Vrio Analysis
- Examining Frequency Of Operating Interactive Voice Response System For Specified Purposes (in Mobile Telecommunication Industry) Vrio Analysis
- Seeing University In Tangibles Dimension: A Landmark As A Marketing Strategy For Unilak, Is It Needed? Vrio Analysis
Previous Articles
- The Study Of The Drivers And Inhibitors Of International Trade Businesses Vrio Analysis
- How To Collaborate With Customers For New Service Development In Global Markets? Vrio Analysis
- A Review On Providing Loyalty Discounts To Customers In Retail Stores Vrio Analysis
- Comparing Marketing Practices And Financial Performances In Jordan Vrio Analysis
- Sustainability Based Corporate Identity: A Study Of Corporate Websites Vrio Analysis
- Factors Affecting Intention To Purchase Organic Food Products Among Iranian Consumers Vrio Analysis
- Customer Satisfaction, Service Quality, Consumer Demographics And Word Of Mouth Communication Perspectives: Evidence From The Retail Banking In United Arab Emirates Vrio Analysis
- An Exploratory Study Of The Perception Of Co Creation Experience In The Tourism Industry: A Case Study In Danang City, Vietnam Vrio Analysis
- Enhancing The Placement Value Of Professionally Qualified Students In Marketing: An Application Of The Analytic Hierarchy Process Vrio Analysis
- An Analysis Of Brand Value And Its Determinants Using Quantile Regression 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!