- 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 The Lumberworks Agent
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of The Lumberworks Agent will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The The Lumberworks Agent 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 The Lumberworks Agent VRIO Analysis shows that the financial resources of The Lumberworks Agent are highly valuable as these help in investing into external opportunities that arise. These also help The Lumberworks Agent in combating external threats.
- According to the VRIO Analysis of The Lumberworks Agent, 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 The Lumberworks Agent VRIO Analysis shows that The Lumberworks Agent'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 The Lumberworks Agent's products.
- According to the VRIO Analysis of The Lumberworks Agent, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for The Lumberworks Agent. These patents also provide The Lumberworks Agent with licensing revenue when it licenses these patents out to other manufacturers.
- The The Lumberworks Agent VRIO Analysis shows that The Lumberworks Agent’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for The Lumberworks Agent. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of The Lumberworks Agent, 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 The Lumberworks Agent VRIO Analysis shows that the research and development at The Lumberworks Agent 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 The Lumberworks Agent. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of The Lumberworks Agent are found to be rare according to the VRIO Analysis of The Lumberworks Agent. 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 The Lumberworks Agent 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 The Lumberworks Agent and inhibit competitive advantage. This means that the local food products result in competitive parity for The Lumberworks Agent. As this resource is valuable, The Lumberworks Agent can still make use of this resource.
- The employees of The Lumberworks Agent are a rare resource as identified by the VRIO Analysis of The Lumberworks Agent. 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 The Lumberworks Agent are a rare resource as identified by the The Lumberworks Agent VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows The Lumberworks Agent to use them without interference from the competition.
- The distribution network of The Lumberworks Agent is a rare resource as identified by the VRIO Analysis of The Lumberworks Agent. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of The Lumberworks Agent. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of The Lumberworks Agent are costly to imitate as identified by the The Lumberworks Agent 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 The Lumberworks Agent. 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 The Lumberworks Agent provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of The Lumberworks Agent are also not costly to imitate as identified by the The Lumberworks Agent VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from The Lumberworks Agent by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of The Lumberworks Agent a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of The Lumberworks Agent are very difficult to imitate as identified by the VRIO Analysis of The Lumberworks Agent. 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 The Lumberworks Agent is also very costly to imitate by competition as identified by the The Lumberworks Agent VRIO Analysis. This has been developed over the years gradually by The Lumberworks Agent. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of The Lumberworks Agent are organised to capture value as identified by the VRIO Analysis of The Lumberworks Agent. 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 The Lumberworks Agent.
- The Patents of The Lumberworks Agent are not well organised as identified by the The Lumberworks Agent 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 The Lumberworks Agent starts selling patented products before the patents expire.
- The distribution network of The Lumberworks Agent is organised as identified by the VRIO Analysis of The Lumberworks Agent. The Lumberworks Agent 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 The Lumberworks Agent.
From the VRIO Analysis of The Lumberworks Agent, 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 The Lumberworks Agent 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.
Logan Jesse
5.0
The moment when I proofread the paper it got me over. I will continue to pick up papers from this service.
Olivia William
5.0
They never miss the deadline and that is the right thing because, by this, I can check the assignment before submission. It is highly recommended!
Billy Jerry
5.0
This service is the only way to manage an educational career and a part-time job. Thank you so much!
Noor Jin
5.0
My grades are being improved because Harry and Roster are good writers.
Next Articles
- Companies Law And Corporate Governance Vrio Analysis
- Coordination, Communication And Reporting In Compliance Management Vrio Analysis
- Economic Meltdown And Duties Of Directors: Key Legal Issues And Lessons Vrio Analysis
- Key Issues For IT Executives: Management Concerns Summary (2003 2012) Vrio Analysis
- Green Forests Incorporated: Striving For Profit, People, And Planet Vrio Analysis
- African Bank Investment Ltd (ABIL): A South African Corporate Governance Failure Vrio Analysis
- Uber South Africa And Digital Disruption: Innovating For Micro Entrepreneurs In An Emerging Market Vrio Analysis
- Child And Youth Finance International: Collaborative Systems Change For Children And Youth Vrio Analysis
- First Tech House Of Cards: A South African Investment Tale Vrio Analysis
- Lonmin Plc: Mining And Responsible Investment Dangerous Liaisons? Vrio Analysis
Previous Articles
- Ethical And Corporate Governance Issues In Human Resources Management Vrio Analysis
- Musical Record Labels And Nigerian Hip Hop Artistes Vrio Analysis
- +CSR: The Equity Bank Way Vrio Analysis
- Tide Bank: A Capital Consolidation Dilemma Vrio Analysis
- Rob Ukropina: Success Is Giving First Vrio Analysis
- Sapphire Oil Plc: Sweetening Labour Management Negotiations Vrio Analysis
- Managing The Queue Vrio Analysis
- Kate Osa And Mr Kilo Vrio Analysis
- Tinuke Mosuro Career Mom Vrio Analysis
- MWoB: Designing Dreams 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!