VRIO Analysis of Concerns and Expectations of African American Entreprenuership Students

Posted by Zachary Edwards on Mar-22-2018

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

Rare

• The financial resources of Concerns and Expectations of African American Entreprenuership Students are found to be rare according to the VRIO Analysis of Concerns and Expectations of African American Entreprenuership Students. 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 Concerns and Expectations of African American Entreprenuership Students 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 Concerns and Expectations of African American Entreprenuership Students and inhibit competitive advantage. This means that the local food products result in competitive parity for Concerns and Expectations of African American Entreprenuership Students. As this resource is valuable, Concerns and Expectations of African American Entreprenuership Students can still make use of this resource.
• The employees of Concerns and Expectations of African American Entreprenuership Students are a rare resource as identified by the VRIO Analysis of Concerns and Expectations of African American Entreprenuership Students. 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 Concerns and Expectations of African American Entreprenuership Students are a rare resource as identified by the Concerns and Expectations of African American Entreprenuership Students VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Concerns and Expectations of African American Entreprenuership Students to use them without interference from the competition.
• The distribution network of Concerns and Expectations of African American Entreprenuership Students is a rare resource as identified by the VRIO Analysis of Concerns and Expectations of African American Entreprenuership Students. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Concerns and Expectations of African American Entreprenuership Students. These are also possessed by very few firms in the industry.

Imitable

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

Organisation

• The financial resources of Concerns and Expectations of African American Entreprenuership Students are organised to capture value as identified by the VRIO Analysis of Concerns and Expectations of African American Entreprenuership Students. 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 Concerns and Expectations of African American Entreprenuership Students.
• The Patents of Concerns and Expectations of African American Entreprenuership Students are not well organised as identified by the Concerns and Expectations of African American Entreprenuership Students 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 Concerns and Expectations of African American Entreprenuership Students starts selling patented products before the patents expire.
• The distribution network of Concerns and Expectations of African American Entreprenuership Students is organised as identified by the VRIO Analysis of Concerns and Expectations of African American Entreprenuership Students. Concerns and Expectations of African American Entreprenuership Students 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 Concerns and Expectations of African American Entreprenuership Students.

From the VRIO Analysis of Concerns and Expectations of African American Entreprenuership Students, 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 Concerns and Expectations of African American Entreprenuership Students is a competitive disadvantage. Research and Development is also a competitive disadvantage.