VRIO Analysis of Mankind Pharma s Prega News Striking an Emotional Connect with Corporates

Posted by Zachary Edwards on Mar-22-2018

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

Rare

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

Imitable

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

Organisation

• The financial resources of Mankind Pharma s Prega News Striking an Emotional Connect with Corporates are organised to capture value as identified by the VRIO Analysis of Mankind Pharma s Prega News Striking an Emotional Connect with Corporates. 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 Mankind Pharma s Prega News Striking an Emotional Connect with Corporates.
• The Patents of Mankind Pharma s Prega News Striking an Emotional Connect with Corporates are not well organised as identified by the Mankind Pharma s Prega News Striking an Emotional Connect with Corporates 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 Mankind Pharma s Prega News Striking an Emotional Connect with Corporates starts selling patented products before the patents expire.
• The distribution network of Mankind Pharma s Prega News Striking an Emotional Connect with Corporates is organised as identified by the VRIO Analysis of Mankind Pharma s Prega News Striking an Emotional Connect with Corporates. Mankind Pharma s Prega News Striking an Emotional Connect with Corporates 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 Mankind Pharma s Prega News Striking an Emotional Connect with Corporates.

From the VRIO Analysis of Mankind Pharma s Prega News Striking an Emotional Connect with Corporates, 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 Mankind Pharma s Prega News Striking an Emotional Connect with Corporates is a competitive disadvantage. Research and Development is also a competitive disadvantage.