- 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 Sources of Information and Cooperation for Innovation in Norway
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Sources of Information and Cooperation for Innovation in Norway 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 Sources of Information and Cooperation for Innovation in Norway VRIO Analysis shows that the financial resources of Sources of Information and Cooperation for Innovation in Norway are highly valuable as these help in investing into external opportunities that arise. These also help Sources of Information and Cooperation for Innovation in Norway in combating external threats.
- According to the VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway, 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 Sources of Information and Cooperation for Innovation in Norway VRIO Analysis shows that Sources of Information and Cooperation for Innovation in Norway'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 Sources of Information and Cooperation for Innovation in Norway's products.
- According to the VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Sources of Information and Cooperation for Innovation in Norway. These patents also provide Sources of Information and Cooperation for Innovation in Norway with licensing revenue when it licenses these patents out to other manufacturers.
- The Sources of Information and Cooperation for Innovation in Norway VRIO Analysis shows that Sources of Information and Cooperation for Innovation in Norway’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Sources of Information and Cooperation for Innovation in Norway. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway, 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 Sources of Information and Cooperation for Innovation in Norway VRIO Analysis shows that the research and development at Sources of Information and Cooperation for Innovation in Norway 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 Sources of Information and Cooperation for Innovation in Norway. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Sources of Information and Cooperation for Innovation in Norway are found to be rare according to the VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway. 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 Sources of Information and Cooperation for Innovation in Norway 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 Sources of Information and Cooperation for Innovation in Norway and inhibit competitive advantage. This means that the local food products result in competitive parity for Sources of Information and Cooperation for Innovation in Norway. As this resource is valuable, Sources of Information and Cooperation for Innovation in Norway can still make use of this resource.
- The employees of Sources of Information and Cooperation for Innovation in Norway are a rare resource as identified by the VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway. 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 Sources of Information and Cooperation for Innovation in Norway are a rare resource as identified by the Sources of Information and Cooperation for Innovation in Norway VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Sources of Information and Cooperation for Innovation in Norway to use them without interference from the competition.
- The distribution network of Sources of Information and Cooperation for Innovation in Norway is a rare resource as identified by the VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Sources of Information and Cooperation for Innovation in Norway. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Sources of Information and Cooperation for Innovation in Norway are costly to imitate as identified by the Sources of Information and Cooperation for Innovation in Norway 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 Sources of Information and Cooperation for Innovation in Norway. 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 Sources of Information and Cooperation for Innovation in Norway provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Sources of Information and Cooperation for Innovation in Norway are also not costly to imitate as identified by the Sources of Information and Cooperation for Innovation in Norway VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Sources of Information and Cooperation for Innovation in Norway by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Sources of Information and Cooperation for Innovation in Norway a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Sources of Information and Cooperation for Innovation in Norway are very difficult to imitate as identified by the VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway. 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 Sources of Information and Cooperation for Innovation in Norway is also very costly to imitate by competition as identified by the Sources of Information and Cooperation for Innovation in Norway VRIO Analysis. This has been developed over the years gradually by Sources of Information and Cooperation for Innovation in Norway. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Sources of Information and Cooperation for Innovation in Norway are organised to capture value as identified by the VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway. 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 Sources of Information and Cooperation for Innovation in Norway.
- The Patents of Sources of Information and Cooperation for Innovation in Norway are not well organised as identified by the Sources of Information and Cooperation for Innovation in Norway 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 Sources of Information and Cooperation for Innovation in Norway starts selling patented products before the patents expire.
- The distribution network of Sources of Information and Cooperation for Innovation in Norway is organised as identified by the VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway. Sources of Information and Cooperation for Innovation in Norway 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 Sources of Information and Cooperation for Innovation in Norway.
From the VRIO Analysis of Sources of Information and Cooperation for Innovation in Norway, 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 Sources of Information and Cooperation for Innovation in Norway 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.
Benjamin Robert
5.0
I’m here to say thanks to you guys...Thank you so much!
Joku Hassu
5.0
My assignment has approved that it was exactly drafted by the expert. Great service!
Eran Balter
5.0
The prices are utterly affordable and the quality of the paper is valid. Great work!
Klaus Moritiz
5.0
Get all type of educational assistance from this well-liked service. Just try it, really you will not regret.
Next Articles
- Revisiting Black, Mendenhall, And Oddou (1991)'s Framework For International Adjustment Model: A Prescriptive Approach Vrio Analysis
- The Effects Of Crisis On The Security Exchange: Case Study Of Istanbul Security Exchange Vrio Analysis
- Strategic Positioning Of Nations As Brands Vrio Analysis
- New Model Of Selecting A Corporate Manager For State Owned Enterprises Vrio Analysis
- Country Risks And FDI: Empirical Evidence From Latin American Countries Vrio Analysis
- Is Religious Culture A Factor In Negotiation: A Cross Cultural Comparison Of Iran, Taiwan And The United States Vrio Analysis
- Top 250 Global Retailers: Online Features Of Retailer Websites Vrio Analysis
- Does Institutional Theory Explain Foreign Location Choices In Fragmented Industries? Vrio Analysis
- The Success Of Ireland's Foreign Investment Promotion Strategy: A Reconsideration Vrio Analysis
- Implications Of IFRS Adoption On The Organization And Human Resource Management Practices Of Global Accounting Firms Vrio Analysis
Previous Articles
- Impact Of Applying Human Resource Management Practices On Equitized State Owned Enterprises' Financial Performance In Vietnam Vrio Analysis
- Research On Offshore Outsourcing: A Systematic Literature Review Vrio Analysis
- Laissez Faire And International Trade: A Critique Of The Proposed United States Colombia Free Trade Agreement Vrio Analysis
- From Cognition To Behavior: A Cross Cultural Study For Global Business Effectiveness Vrio Analysis
- Career Interest In International Business: A Comparative Study Of Peruvian, Chilean And US Students Vrio Analysis
- The Day Of The Week Effect On The Santiago Stock Exchange Of Chile Vrio Analysis
- Comparing Two Exchange Rate Regimes Under Purchasing Power Disparity Vrio Analysis
- The Impact Of The Special Dividend Announcement On The Stock Return: The Case Of Malaysia Vrio Analysis
- Business Ethics In Japan: Taking A Closer Look At The Role Of Age Vrio Analysis
- Are Philippine Fixed Income Fund Managers Generating Alpha For Their Clients? 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!