- 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 Impact of Gaming Industry on Local Employment and Personal Income
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Impact of Gaming Industry on Local Employment and Personal Income 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 Impact of Gaming Industry on Local Employment and Personal Income VRIO Analysis shows that the financial resources of Impact of Gaming Industry on Local Employment and Personal Income are highly valuable as these help in investing into external opportunities that arise. These also help Impact of Gaming Industry on Local Employment and Personal Income in combating external threats.
- According to the VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income, 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 Impact of Gaming Industry on Local Employment and Personal Income VRIO Analysis shows that Impact of Gaming Industry on Local Employment and Personal Income'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 Impact of Gaming Industry on Local Employment and Personal Income's products.
- According to the VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Impact of Gaming Industry on Local Employment and Personal Income. These patents also provide Impact of Gaming Industry on Local Employment and Personal Income with licensing revenue when it licenses these patents out to other manufacturers.
- The Impact of Gaming Industry on Local Employment and Personal Income VRIO Analysis shows that Impact of Gaming Industry on Local Employment and Personal Income’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Impact of Gaming Industry on Local Employment and Personal Income. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income, 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 Impact of Gaming Industry on Local Employment and Personal Income VRIO Analysis shows that the research and development at Impact of Gaming Industry on Local Employment and Personal Income 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 Impact of Gaming Industry on Local Employment and Personal Income. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Impact of Gaming Industry on Local Employment and Personal Income are found to be rare according to the VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income. 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 Impact of Gaming Industry on Local Employment and Personal Income 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 Impact of Gaming Industry on Local Employment and Personal Income and inhibit competitive advantage. This means that the local food products result in competitive parity for Impact of Gaming Industry on Local Employment and Personal Income. As this resource is valuable, Impact of Gaming Industry on Local Employment and Personal Income can still make use of this resource.
- The employees of Impact of Gaming Industry on Local Employment and Personal Income are a rare resource as identified by the VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income. 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 Impact of Gaming Industry on Local Employment and Personal Income are a rare resource as identified by the Impact of Gaming Industry on Local Employment and Personal Income VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Impact of Gaming Industry on Local Employment and Personal Income to use them without interference from the competition.
- The distribution network of Impact of Gaming Industry on Local Employment and Personal Income is a rare resource as identified by the VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Impact of Gaming Industry on Local Employment and Personal Income. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Impact of Gaming Industry on Local Employment and Personal Income are costly to imitate as identified by the Impact of Gaming Industry on Local Employment and Personal Income 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 Impact of Gaming Industry on Local Employment and Personal Income. 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 Impact of Gaming Industry on Local Employment and Personal Income provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Impact of Gaming Industry on Local Employment and Personal Income are also not costly to imitate as identified by the Impact of Gaming Industry on Local Employment and Personal Income VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Impact of Gaming Industry on Local Employment and Personal Income by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Impact of Gaming Industry on Local Employment and Personal Income a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Impact of Gaming Industry on Local Employment and Personal Income are very difficult to imitate as identified by the VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income. 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 Impact of Gaming Industry on Local Employment and Personal Income is also very costly to imitate by competition as identified by the Impact of Gaming Industry on Local Employment and Personal Income VRIO Analysis. This has been developed over the years gradually by Impact of Gaming Industry on Local Employment and Personal Income. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Impact of Gaming Industry on Local Employment and Personal Income are organised to capture value as identified by the VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income. 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 Impact of Gaming Industry on Local Employment and Personal Income.
- The Patents of Impact of Gaming Industry on Local Employment and Personal Income are not well organised as identified by the Impact of Gaming Industry on Local Employment and Personal Income 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 Impact of Gaming Industry on Local Employment and Personal Income starts selling patented products before the patents expire.
- The distribution network of Impact of Gaming Industry on Local Employment and Personal Income is organised as identified by the VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income. Impact of Gaming Industry on Local Employment and Personal Income 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 Impact of Gaming Industry on Local Employment and Personal Income.
From the VRIO Analysis of Impact of Gaming Industry on Local Employment and Personal Income, 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 Impact of Gaming Industry on Local Employment and Personal Income 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.
Aisher Silax
5.0
I have been with this service for almost ten months and these guys never unsettled me once. If you guys test this service; you will also be here with a positive review.
Thomas Johnson
5.0
There was a minor error with the one slide of Powerpoint presentation but I corrected it. Thanks for the timely delivery!
Ava Rosario
4.0
Very good! The writing style was very good and sentence construction was excellent. I’m satisfied with what I received. Thanks a lot!
Ellen Luchies
5.0
I highly recommend this service because I got a well-researched document from here.
Next Articles
- Community Reinvestment Act And Efficient Markets Debate: Overview Vrio Analysis
- Measuring Emerging Stock Market Correlations Utilizing The Gravity Model Vrio Analysis
- Reassessing The Case Of Ecuador’s Dollarization Vrio Analysis
- Economic Action In Social Collectivities Vrio Analysis
- An Evaluation On Academic Performance In Intermediate Microeconomics: A Case Of Persistence Vrio Analysis
- Teaching Principles Of Economics: Internet Vs Traditional Classroom Instruction Vrio Analysis
- Does Homo Economicus Cheat Like A Weasel? A Review Of Evidence On Cheating By Economics Majors Vrio Analysis
- Recreational Demand For A Gulf Coast Tourism Destination Vrio Analysis
- The Effects Of Firm Size On Profit Rates In The Financial Services Vrio Analysis
- Deriving Demand Curves For Specific Types Of Outdoor Recreation Vrio Analysis
Previous Articles
- Threshold Market Analysis Of Western North Carolina Vrio Analysis
- Public Vs Private Schools: The Impact On Wage Rates Vrio Analysis
- A Reassessment Of The Relationship Between Income Inequality And Poverty Vrio Analysis
- Modeling Markets For Sports Memorabilia Vrio Analysis
- Motivating The Reluctant, Novice Learner: Principles Of Macroeconomics Vrio Analysis
- Economic Analysis And Policy Implications Of Fertility In Middle East And North African Countries Vrio Analysis
- Foreign Direct Investment In The United States: Country Analysis Vrio Analysis
- An Approach For Solving The Coming Financial Crisis In Social Security Vrio Analysis
- Monetary Policy And Housing Market: Cointegration Approach Vrio Analysis
- Teaching Comparative Advantage And International Trade: Pitfalls And Opportunities 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!