VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid

Posted by Zachary Edwards on Mar-22-2018

The VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid VRIO Analysis shows that the financial resources of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid are highly valuable as these help in investing into external opportunities that arise. These also help Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid in combating external threats.
• According to the VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid, 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid VRIO Analysis shows that Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid'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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid's products.
• According to the VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. These patents also provide Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid with licensing revenue when it licenses these patents out to other manufacturers.
• The Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid VRIO Analysis shows that Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. It also ensures that promotion activities translate into sales as the products are easily available.
• According to the VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid, 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid VRIO Analysis shows that the research and development at Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. It is recommended that the research and development teams are improved, and costs are cut for these.

Rare

• The financial resources of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid are found to be rare according to the VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid and inhibit competitive advantage. This means that the local food products result in competitive parity for Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. As this resource is valuable, Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid can still make use of this resource.
• The employees of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid are a rare resource as identified by the VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid are a rare resource as identified by the Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid to use them without interference from the competition.
• The distribution network of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid is a rare resource as identified by the VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. These are also possessed by very few firms in the industry.

Imitable

• The financial resources of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid are costly to imitate as identified by the Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid provide it with a temporary competitive advantage that competitors can too acquire in the long run.
• The employees of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid are also not costly to imitate as identified by the Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
• The patents of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid are very difficult to imitate as identified by the VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid is also very costly to imitate by competition as identified by the Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid VRIO Analysis. This has been developed over the years gradually by Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.

Organisation

• The financial resources of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid are organised to capture value as identified by the VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid.
• The Patents of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid are not well organised as identified by the Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid starts selling patented products before the patents expire.
• The distribution network of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid is organised as identified by the VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid. Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid.

From the VRIO Analysis of Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid, 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 Location Decision Making for Eco-industrial Parks in Nonmetropolitan Illinois The Use of Stochastic Input Output Model as Decision Aid is a competitive disadvantage. Research and Development is also a competitive disadvantage.