- 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 Future of the Autonomous Automobile A Strategy for BMW
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Future of the Autonomous Automobile A Strategy for BMW 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 Future of the Autonomous Automobile A Strategy for BMW VRIO Analysis shows that the financial resources of Future of the Autonomous Automobile A Strategy for BMW are highly valuable as these help in investing into external opportunities that arise. These also help Future of the Autonomous Automobile A Strategy for BMW in combating external threats.
- According to the VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW, 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 Future of the Autonomous Automobile A Strategy for BMW VRIO Analysis shows that Future of the Autonomous Automobile A Strategy for BMW'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 Future of the Autonomous Automobile A Strategy for BMW's products.
- According to the VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Future of the Autonomous Automobile A Strategy for BMW. These patents also provide Future of the Autonomous Automobile A Strategy for BMW with licensing revenue when it licenses these patents out to other manufacturers.
- The Future of the Autonomous Automobile A Strategy for BMW VRIO Analysis shows that Future of the Autonomous Automobile A Strategy for BMW’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Future of the Autonomous Automobile A Strategy for BMW. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW, 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 Future of the Autonomous Automobile A Strategy for BMW VRIO Analysis shows that the research and development at Future of the Autonomous Automobile A Strategy for BMW 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 Future of the Autonomous Automobile A Strategy for BMW. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Future of the Autonomous Automobile A Strategy for BMW are found to be rare according to the VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW. 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 Future of the Autonomous Automobile A Strategy for BMW 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 Future of the Autonomous Automobile A Strategy for BMW and inhibit competitive advantage. This means that the local food products result in competitive parity for Future of the Autonomous Automobile A Strategy for BMW. As this resource is valuable, Future of the Autonomous Automobile A Strategy for BMW can still make use of this resource.
- The employees of Future of the Autonomous Automobile A Strategy for BMW are a rare resource as identified by the VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW. 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 Future of the Autonomous Automobile A Strategy for BMW are a rare resource as identified by the Future of the Autonomous Automobile A Strategy for BMW VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Future of the Autonomous Automobile A Strategy for BMW to use them without interference from the competition.
- The distribution network of Future of the Autonomous Automobile A Strategy for BMW is a rare resource as identified by the VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Future of the Autonomous Automobile A Strategy for BMW. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Future of the Autonomous Automobile A Strategy for BMW are costly to imitate as identified by the Future of the Autonomous Automobile A Strategy for BMW 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 Future of the Autonomous Automobile A Strategy for BMW. 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 Future of the Autonomous Automobile A Strategy for BMW provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Future of the Autonomous Automobile A Strategy for BMW are also not costly to imitate as identified by the Future of the Autonomous Automobile A Strategy for BMW VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Future of the Autonomous Automobile A Strategy for BMW by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Future of the Autonomous Automobile A Strategy for BMW a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Future of the Autonomous Automobile A Strategy for BMW are very difficult to imitate as identified by the VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW. 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 Future of the Autonomous Automobile A Strategy for BMW is also very costly to imitate by competition as identified by the Future of the Autonomous Automobile A Strategy for BMW VRIO Analysis. This has been developed over the years gradually by Future of the Autonomous Automobile A Strategy for BMW. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Future of the Autonomous Automobile A Strategy for BMW are organised to capture value as identified by the VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW. 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 Future of the Autonomous Automobile A Strategy for BMW.
- The Patents of Future of the Autonomous Automobile A Strategy for BMW are not well organised as identified by the Future of the Autonomous Automobile A Strategy for BMW 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 Future of the Autonomous Automobile A Strategy for BMW starts selling patented products before the patents expire.
- The distribution network of Future of the Autonomous Automobile A Strategy for BMW is organised as identified by the VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW. Future of the Autonomous Automobile A Strategy for BMW 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 Future of the Autonomous Automobile A Strategy for BMW.
From the VRIO Analysis of Future of the Autonomous Automobile A Strategy for BMW, 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 Future of the Autonomous Automobile A Strategy for BMW 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.
Vanessa Noah
5.0
The support team is very affectionate and warm for the deliverance of any vital information to clients. Plenty of thanks!
Jackson Nathaniel
5.0
When I called this company for an urgent order, it was available to provide the best writer for the assignment. I’ll order this service again and again.
Leo David
5.0
I became stress-free and scored excellent grades. Really, the cost was reasonably low. Will use this company again and suggest it to others.
Luca Mark
5.0
Everything was very professional during the process of the dissertation's creating and thank you for additional discounts.
Next Articles
- The Simm Smartwatch And The Internet Of Things: Designing A Business Model Vrio Analysis
- ENGAGEDX: Benchmarking Impact Investments Vrio Analysis
- Techsolve, Inc: Creating A Solutions Driven Sales Force Vrio Analysis
- Sustainability As Opportunity: Unilever's Sustainable Living Plan Vrio Analysis
- How Boards Organize Oversight For Corporate Sustainability Vrio Analysis
- Sourcing For Export: The Case Of Frijay Consult Ltd Vrio Analysis
- Assist 2 Sell Properties Limited: Indigenous Marketing Strategies Vrio Analysis
- A Note On Microeconomics For Business Managers Vrio Analysis
- Brand Extension: Meaning, Types, Drivers And Categorisation Vrio Analysis
- Brand Architecture: Meaning, Determinants, Strategies, Benefits Vrio Analysis
Previous Articles
- Palma Consulting: Making Strategic Moves In The Middle East Vrio Analysis
- Gomez SA: Valuing A Privately Held Company Vrio Analysis
- Leveraged Buy Outs (LBOs) And Financing Structures: A Review Of Concepts Vrio Analysis
- The Business Of Mentoring Women Leaders In The Middle East Vrio Analysis
- Investicom: An Investor Negotiation Simulation Vrio Analysis
- Seek And You Shall Grow: Developing Students' Skills In Seeking And Receiving Feedback Vrio Analysis
- The Roles Of Leaders, Managers, & Supervisors; The Practices Of Leadership, Management, & Supervision; And The Decisions Of The Leader/Manager/Supervisor Vrio Analysis
- Embedding 'The Office' Into An Introductory OB Course: Developing A Macrocontext For Student Engagement And Comprehension Vrio Analysis
- Teaching Interactive Recommender Systems Recommending An Excel Based Approach Vrio Analysis
- Building A Business Clinic In Higher Education: Opportunities And Challenges For Students' Skills Development 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!