- 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 Hotel Ivory
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Hotel Ivory will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Hotel Ivory 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 Hotel Ivory VRIO Analysis shows that the financial resources of Hotel Ivory are highly valuable as these help in investing into external opportunities that arise. These also help Hotel Ivory in combating external threats.
- According to the VRIO Analysis of Hotel Ivory, 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 Hotel Ivory VRIO Analysis shows that Hotel Ivory'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 Hotel Ivory's products.
- According to the VRIO Analysis of Hotel Ivory, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Hotel Ivory. These patents also provide Hotel Ivory with licensing revenue when it licenses these patents out to other manufacturers.
- The Hotel Ivory VRIO Analysis shows that Hotel Ivory’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Hotel Ivory. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Hotel Ivory, 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 Hotel Ivory VRIO Analysis shows that the research and development at Hotel Ivory 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 Hotel Ivory. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Hotel Ivory are found to be rare according to the VRIO Analysis of Hotel Ivory. 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 Hotel Ivory 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 Hotel Ivory and inhibit competitive advantage. This means that the local food products result in competitive parity for Hotel Ivory. As this resource is valuable, Hotel Ivory can still make use of this resource.
- The employees of Hotel Ivory are a rare resource as identified by the VRIO Analysis of Hotel Ivory. 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 Hotel Ivory are a rare resource as identified by the Hotel Ivory VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Hotel Ivory to use them without interference from the competition.
- The distribution network of Hotel Ivory is a rare resource as identified by the VRIO Analysis of Hotel Ivory. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Hotel Ivory. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Hotel Ivory are costly to imitate as identified by the Hotel Ivory 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 Hotel Ivory. 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 Hotel Ivory provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Hotel Ivory are also not costly to imitate as identified by the Hotel Ivory VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Hotel Ivory by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Hotel Ivory a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Hotel Ivory are very difficult to imitate as identified by the VRIO Analysis of Hotel Ivory. 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 Hotel Ivory is also very costly to imitate by competition as identified by the Hotel Ivory VRIO Analysis. This has been developed over the years gradually by Hotel Ivory. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Hotel Ivory are organised to capture value as identified by the VRIO Analysis of Hotel Ivory. 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 Hotel Ivory.
- The Patents of Hotel Ivory are not well organised as identified by the Hotel Ivory 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 Hotel Ivory starts selling patented products before the patents expire.
- The distribution network of Hotel Ivory is organised as identified by the VRIO Analysis of Hotel Ivory. Hotel Ivory 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 Hotel Ivory.
From the VRIO Analysis of Hotel Ivory, 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 Hotel Ivory 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.
Bella Csepel
5.0
Easy to place the order and communicate with the writer. Highly recommended!
Liang Wen
5.0
My experience with this online paper writing help is superb. I'll use it again to write a report on Finance. Thanks a lot!
Faustine Sozilrde
5.0
Awesome job! The assignment that was delivered by this custom paper help was just amazing. These guys are really caring. Would hire this service in the future!
Jade Christopher
5.0
Thank you writer for helping me to complete the research paper. Every point was well-explained. Great approach!
Next Articles
- Amanda's Restaurants (B) Vrio Analysis
- Caffebene: Master Brewer Of Growth And Global Ambition Vrio Analysis
- Amanda's Restaurants (A) Vrio Analysis
- Paul Olsen (B) Vrio Analysis
- DOSA KING: A STANDARDIZED MASALA DOSA FOR EVERY INDIAN Vrio Analysis
- Ring A Wing (A) Vrio Analysis
- Sushilicious: Standing Out In A Crowded Field Vrio Analysis
- Howling Wolf Taqueria: Feeding The Good Wolf Vrio Analysis
- Windhoek Nature Reserve: Financing A Sustainable Conservation Model In Namibia Vrio Analysis
- Eat2Eat.com Vrio Analysis
Previous Articles
- Meizhou Dongpo Restaurant: Entrepreneurship, Leadership And Culture Vrio Analysis
- Marketing Planning At Just Us! Cafes Vrio Analysis
- Marble Slab Creamery: The Weighing Decision Vrio Analysis
- East West Partners: Sustainability Strategy In Real Estate Development And Ski Resorts Vrio Analysis
- The Resort In Pueblo Valley (A) Vrio Analysis
- First Place, Video Vrio Analysis
- Trying To Create A Stir: Opening A Coffee Shop In Korea Vrio Analysis
- Judy Wicks (B) Vrio Analysis
- Blink Booking Vrio Analysis
- Privatization Of The Tiger Leaping House In Nanjing, PRC 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!