- 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 Marketing in the Banking Industry of a Developing Economy
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Marketing in the Banking Industry of a Developing Economy will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Marketing in the Banking Industry of a Developing Economy 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 Marketing in the Banking Industry of a Developing Economy VRIO Analysis shows that the financial resources of Marketing in the Banking Industry of a Developing Economy are highly valuable as these help in investing into external opportunities that arise. These also help Marketing in the Banking Industry of a Developing Economy in combating external threats.
- According to the VRIO Analysis of Marketing in the Banking Industry of a Developing Economy, 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 Marketing in the Banking Industry of a Developing Economy VRIO Analysis shows that Marketing in the Banking Industry of a Developing Economy'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 Marketing in the Banking Industry of a Developing Economy's products.
- According to the VRIO Analysis of Marketing in the Banking Industry of a Developing Economy, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Marketing in the Banking Industry of a Developing Economy. These patents also provide Marketing in the Banking Industry of a Developing Economy with licensing revenue when it licenses these patents out to other manufacturers.
- The Marketing in the Banking Industry of a Developing Economy VRIO Analysis shows that Marketing in the Banking Industry of a Developing Economy’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Marketing in the Banking Industry of a Developing Economy. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Marketing in the Banking Industry of a Developing Economy, 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 Marketing in the Banking Industry of a Developing Economy VRIO Analysis shows that the research and development at Marketing in the Banking Industry of a Developing Economy 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 Marketing in the Banking Industry of a Developing Economy. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Marketing in the Banking Industry of a Developing Economy are found to be rare according to the VRIO Analysis of Marketing in the Banking Industry of a Developing Economy. 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 Marketing in the Banking Industry of a Developing Economy 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 Marketing in the Banking Industry of a Developing Economy and inhibit competitive advantage. This means that the local food products result in competitive parity for Marketing in the Banking Industry of a Developing Economy. As this resource is valuable, Marketing in the Banking Industry of a Developing Economy can still make use of this resource.
- The employees of Marketing in the Banking Industry of a Developing Economy are a rare resource as identified by the VRIO Analysis of Marketing in the Banking Industry of a Developing Economy. 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 Marketing in the Banking Industry of a Developing Economy are a rare resource as identified by the Marketing in the Banking Industry of a Developing Economy VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Marketing in the Banking Industry of a Developing Economy to use them without interference from the competition.
- The distribution network of Marketing in the Banking Industry of a Developing Economy is a rare resource as identified by the VRIO Analysis of Marketing in the Banking Industry of a Developing Economy. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Marketing in the Banking Industry of a Developing Economy. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Marketing in the Banking Industry of a Developing Economy are costly to imitate as identified by the Marketing in the Banking Industry of a Developing Economy 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 Marketing in the Banking Industry of a Developing Economy. 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 Marketing in the Banking Industry of a Developing Economy provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Marketing in the Banking Industry of a Developing Economy are also not costly to imitate as identified by the Marketing in the Banking Industry of a Developing Economy VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Marketing in the Banking Industry of a Developing Economy by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Marketing in the Banking Industry of a Developing Economy a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Marketing in the Banking Industry of a Developing Economy are very difficult to imitate as identified by the VRIO Analysis of Marketing in the Banking Industry of a Developing Economy. 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 Marketing in the Banking Industry of a Developing Economy is also very costly to imitate by competition as identified by the Marketing in the Banking Industry of a Developing Economy VRIO Analysis. This has been developed over the years gradually by Marketing in the Banking Industry of a Developing Economy. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Marketing in the Banking Industry of a Developing Economy are organised to capture value as identified by the VRIO Analysis of Marketing in the Banking Industry of a Developing Economy. 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 Marketing in the Banking Industry of a Developing Economy.
- The Patents of Marketing in the Banking Industry of a Developing Economy are not well organised as identified by the Marketing in the Banking Industry of a Developing Economy 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 Marketing in the Banking Industry of a Developing Economy starts selling patented products before the patents expire.
- The distribution network of Marketing in the Banking Industry of a Developing Economy is organised as identified by the VRIO Analysis of Marketing in the Banking Industry of a Developing Economy. Marketing in the Banking Industry of a Developing Economy 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 Marketing in the Banking Industry of a Developing Economy.
From the VRIO Analysis of Marketing in the Banking Industry of a Developing Economy, 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 Marketing in the Banking Industry of a Developing Economy 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.
Adrian Joe
5.0
Great writer!
Jacob Casey
5.0
I know the value of study but to assign students many assignments on weekends is not right. So, I usually get help from this service only for weekends. Thank you for the enjoyable vacation!
Lisa Wendly
5.0
Obtaining the highest marks is a matter that I couldn't neglect but hired plenty of services and got the result that was opposite from the suppositions. Though unpredictably hired this service, I was pleased because I received the work right away and without any errors.
Nidhi Adukia
5.0
Very impressive argument in the assignment so I can depend on this service now.
Next Articles
- Lucky Rolls, Leaps Of Faith And Hunches: Luck, Faith And Intuition In Decision Making Vrio Analysis
- Theory Of Negotiauction: Conditions For Application Vrio Analysis
- The Windfall Elimination Provision Of Social Security Vrio Analysis
- Persistence In Mutual Fund Returns Following Good And Bad Market States Vrio Analysis
- Workplace Religious Accommodation Issues For Adherents Of Islam Vrio Analysis
- A Reanalysis Of The Predictive Validity Of The General Aptitude Test Battery Vrio Analysis
- University Students' Computer Security Practices In Two Developing Nations: A Comparative Analysis Vrio Analysis
- Teaching Asymmetric Information: Lessons From The 2008 Financial Crisis Vrio Analysis
- Exploring Gender Communication Via YouTube Vrio Analysis
- Labor Negotiations And Collective Bargaining Agreement: The National Football League’s Dilemma? Vrio Analysis
Previous Articles
- From Cross Functional To Rank Spanning Radical New Product Development: An Analysis With Recommendations Vrio Analysis
- Attitudes Toward Tax Evasion: A Demographic Study Of Switzerland Vrio Analysis
- Innovation And Entrepreneurship In The Hypercompetitive Business Environment Of The Twenty First Century: The Nigerian Aspiration Vrio Analysis
- Mutual Fund Performance In Extreme Market States: A Case For Active Management Vrio Analysis
- Environmental Jolt Of Hurricanes Katrina And Rita: The Realignment And Transformation Of The Louisiana Senior Assisted Living Industry Vrio Analysis
- The Work Of Customer Service Representatives In A Canadian Call Center: Role Distance And Management Of Emotions At Work Vrio Analysis
- Are Malaysian Women Interested In Flexible Working Arrangements At Workplace? Vrio Analysis
- A Basis For Asserting The Efficacy Of Alternative Abilities In Personnel Selection Vrio Analysis
- Developing Socially Responsible Managers: A Project Vrio Analysis
- The Relationships Between Tqm And Financial Performance: A Conceptual Model For Vietnamese Manufacturing Companies 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!