VRIO Analysis of Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh

Posted by Zachary Edwards on Mar-22-2018

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

Rare

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

Imitable

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

Organisation

• The financial resources of Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh are organised to capture value as identified by the VRIO Analysis of Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh. 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 Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh.
• The Patents of Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh are not well organised as identified by the Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh 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 Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh starts selling patented products before the patents expire.
• The distribution network of Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh is organised as identified by the VRIO Analysis of Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh. Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh 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 Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh.

From the VRIO Analysis of Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh, 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 Iqbal Quadir Gonofone and the Creation of GrameenPhone Bangladesh is a competitive disadvantage. Research and Development is also a competitive disadvantage.