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VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand VRIO Analysis shows that the financial resources of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand are highly valuable as these help in investing into external opportunities that arise. These also help Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand in combating external threats.
- According to the VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand, 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand VRIO Analysis shows that Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand'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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand's products.
- According to the VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. These patents also provide Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand with licensing revenue when it licenses these patents out to other manufacturers.
- The Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand VRIO Analysis shows that Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand, 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand VRIO Analysis shows that the research and development at Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand are found to be rare according to the VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand and inhibit competitive advantage. This means that the local food products result in competitive parity for Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. As this resource is valuable, Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand can still make use of this resource.
- The employees of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand are a rare resource as identified by the VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand are a rare resource as identified by the Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand to use them without interference from the competition.
- The distribution network of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand is a rare resource as identified by the VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand are costly to imitate as identified by the Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand are also not costly to imitate as identified by the Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand are very difficult to imitate as identified by the VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand is also very costly to imitate by competition as identified by the Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand VRIO Analysis. This has been developed over the years gradually by Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand are organised to capture value as identified by the VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand.
- The Patents of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand are not well organised as identified by the Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand starts selling patented products before the patents expire.
- The distribution network of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand is organised as identified by the VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand. Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand.
From the VRIO Analysis of Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand, 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 Brand Strategizing with a Twist Visual Practices in Professional Services Firms The Case of Interbrand is a competitive disadvantage. Research and Development is also a competitive disadvantage.
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