- 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 Creating Value Through Business Model Innovation
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Creating Value Through Business Model Innovation will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Creating Value Through Business Model Innovation 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 Creating Value Through Business Model Innovation VRIO Analysis shows that the financial resources of Creating Value Through Business Model Innovation are highly valuable as these help in investing into external opportunities that arise. These also help Creating Value Through Business Model Innovation in combating external threats.
- According to the VRIO Analysis of Creating Value Through Business Model Innovation, 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 Creating Value Through Business Model Innovation VRIO Analysis shows that Creating Value Through Business Model Innovation'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 Creating Value Through Business Model Innovation's products.
- According to the VRIO Analysis of Creating Value Through Business Model Innovation, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Creating Value Through Business Model Innovation. These patents also provide Creating Value Through Business Model Innovation with licensing revenue when it licenses these patents out to other manufacturers.
- The Creating Value Through Business Model Innovation VRIO Analysis shows that Creating Value Through Business Model Innovation’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Creating Value Through Business Model Innovation. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Creating Value Through Business Model Innovation, 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 Creating Value Through Business Model Innovation VRIO Analysis shows that the research and development at Creating Value Through Business Model Innovation 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 Creating Value Through Business Model Innovation. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Creating Value Through Business Model Innovation are found to be rare according to the VRIO Analysis of Creating Value Through Business Model Innovation. 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 Creating Value Through Business Model Innovation 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 Creating Value Through Business Model Innovation and inhibit competitive advantage. This means that the local food products result in competitive parity for Creating Value Through Business Model Innovation. As this resource is valuable, Creating Value Through Business Model Innovation can still make use of this resource.
- The employees of Creating Value Through Business Model Innovation are a rare resource as identified by the VRIO Analysis of Creating Value Through Business Model Innovation. 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 Creating Value Through Business Model Innovation are a rare resource as identified by the Creating Value Through Business Model Innovation VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Creating Value Through Business Model Innovation to use them without interference from the competition.
- The distribution network of Creating Value Through Business Model Innovation is a rare resource as identified by the VRIO Analysis of Creating Value Through Business Model Innovation. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Creating Value Through Business Model Innovation. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Creating Value Through Business Model Innovation are costly to imitate as identified by the Creating Value Through Business Model Innovation 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 Creating Value Through Business Model Innovation. 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 Creating Value Through Business Model Innovation provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Creating Value Through Business Model Innovation are also not costly to imitate as identified by the Creating Value Through Business Model Innovation VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Creating Value Through Business Model Innovation by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Creating Value Through Business Model Innovation a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Creating Value Through Business Model Innovation are very difficult to imitate as identified by the VRIO Analysis of Creating Value Through Business Model Innovation. 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 Creating Value Through Business Model Innovation is also very costly to imitate by competition as identified by the Creating Value Through Business Model Innovation VRIO Analysis. This has been developed over the years gradually by Creating Value Through Business Model Innovation. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Creating Value Through Business Model Innovation are organised to capture value as identified by the VRIO Analysis of Creating Value Through Business Model Innovation. 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 Creating Value Through Business Model Innovation.
- The Patents of Creating Value Through Business Model Innovation are not well organised as identified by the Creating Value Through Business Model Innovation 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 Creating Value Through Business Model Innovation starts selling patented products before the patents expire.
- The distribution network of Creating Value Through Business Model Innovation is organised as identified by the VRIO Analysis of Creating Value Through Business Model Innovation. Creating Value Through Business Model Innovation 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 Creating Value Through Business Model Innovation.
From the VRIO Analysis of Creating Value Through Business Model Innovation, 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 Creating Value Through Business Model Innovation 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.
Luke Durante
5.0
I’m pleased because from many services, I decided this service. Everything was alright about the report but the discussion section was needed to explain more. These guys edited the paper in one day. Thank you!
Ahmad Dashti
5.0
I was not habituated to hire service so I was tense about the authenticity of the paper. This firm made me free from the worries and now I get conscious when I receive the text of completed work in the inbox. Thanks!
Charlotte Olliver
5.0
The expert did precisely what I needed. Thank you for completing the paper in such a short time!
Christina Ross Johnson
5.0
Always come through. I highly recommend this service.
Next Articles
- Leading The (r)evolution: Succession And Leadership Rules For Re Entrepreneurs Vrio Analysis
- Advanced Leadership In Public Education: Tools For Tackling Change From Outside The Building In Vrio Analysis
- True Leadership: Leading With Meaning Vrio Analysis
- Cesar Zanchet And Adezan: A Different Kind Of Leadership Vrio Analysis
- Meta Technologies And Innovation Leadership: Why There May Be Nothing New Under The Sun Vrio Analysis
- Leadership At WildChina (B) Vrio Analysis
- The Moral Compass: Values Based Leadership At Infosys Vrio Analysis
- Leadership In Crisis: Ernest Shackleton And The Epic Voyage Of The Endurance Vrio Analysis
- From Founder To CEO: An Entrepreneur's Roadmap Vrio Analysis
- Harvey Freishtat And Conversations About End Of Life Care Vrio Analysis
Previous Articles
- Managing In Different Growth Contexts Vrio Analysis
- A Strategic Framework For Spare Parts Logistics Vrio Analysis
- Hello Healthcare: Taking A Cooperative Business Into Africa Vrio Analysis
- Why Implementing Corporate Innovation Is So Difficult Vrio Analysis
- EXITS IN EMERGING MARKETS: ACTIS' INVESTMENT IN UMEME Vrio Analysis
- Fingerhut's Price Strategy Vrio Analysis
- Firm Strategy Vignettes Vrio Analysis
- Biomimicry: Using Nature's Models As Sustainability Design Inspiration For Company Strategy And Products Vrio Analysis
- Innovation Strategy At Microsoft: Clouds On The Horizon Vrio Analysis
- From TV To Web: Content Strategies For Ads That Drive Online Sales: Media Multitasking 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!