VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh

Posted by Zachary Edwards on Mar-22-2018

The VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh VRIO Analysis shows that the financial resources of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh are highly valuable as these help in investing into external opportunities that arise. These also help Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh in combating external threats.
• According to the VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh, 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh VRIO Analysis shows that Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh'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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh's products.
• According to the VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. These patents also provide Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh with licensing revenue when it licenses these patents out to other manufacturers.
• The Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh VRIO Analysis shows that Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. It also ensures that promotion activities translate into sales as the products are easily available.
• According to the VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh, 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh VRIO Analysis shows that the research and development at Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. It is recommended that the research and development teams are improved, and costs are cut for these.

Rare

• The financial resources of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh are found to be rare according to the VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh and inhibit competitive advantage. This means that the local food products result in competitive parity for Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. As this resource is valuable, Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh can still make use of this resource.
• The employees of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh are a rare resource as identified by the VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh are a rare resource as identified by the Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh to use them without interference from the competition.
• The distribution network of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh is a rare resource as identified by the VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. These are also possessed by very few firms in the industry.

Imitable

• The financial resources of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh are costly to imitate as identified by the Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh provide it with a temporary competitive advantage that competitors can too acquire in the long run.
• The employees of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh are also not costly to imitate as identified by the Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
• The patents of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh are very difficult to imitate as identified by the VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh is also very costly to imitate by competition as identified by the Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh VRIO Analysis. This has been developed over the years gradually by Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.

Organisation

• The financial resources of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh are organised to capture value as identified by the VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh.
• The Patents of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh are not well organised as identified by the Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh starts selling patented products before the patents expire.
• The distribution network of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh is organised as identified by the VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh. Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh.

From the VRIO Analysis of Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh, 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 Critically Evaluating the Impact of Anti-smoking Campaign Advertisements on Anti-smoking Beliefs and Smoking Intentions of Youths Evidence from Bangladesh is a competitive disadvantage. Research and Development is also a competitive disadvantage.