- 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 Paddle8 Painting a New Picture of the Art Market
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Paddle8 Painting a New Picture of the Art Market will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Paddle8 Painting a New Picture of the Art Market 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 Paddle8 Painting a New Picture of the Art Market VRIO Analysis shows that the financial resources of Paddle8 Painting a New Picture of the Art Market are highly valuable as these help in investing into external opportunities that arise. These also help Paddle8 Painting a New Picture of the Art Market in combating external threats.
- According to the VRIO Analysis of Paddle8 Painting a New Picture of the Art Market, 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 Paddle8 Painting a New Picture of the Art Market VRIO Analysis shows that Paddle8 Painting a New Picture of the Art Market'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 Paddle8 Painting a New Picture of the Art Market's products.
- According to the VRIO Analysis of Paddle8 Painting a New Picture of the Art Market, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Paddle8 Painting a New Picture of the Art Market. These patents also provide Paddle8 Painting a New Picture of the Art Market with licensing revenue when it licenses these patents out to other manufacturers.
- The Paddle8 Painting a New Picture of the Art Market VRIO Analysis shows that Paddle8 Painting a New Picture of the Art Market’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Paddle8 Painting a New Picture of the Art Market. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Paddle8 Painting a New Picture of the Art Market, 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 Paddle8 Painting a New Picture of the Art Market VRIO Analysis shows that the research and development at Paddle8 Painting a New Picture of the Art Market 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 Paddle8 Painting a New Picture of the Art Market. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Paddle8 Painting a New Picture of the Art Market are found to be rare according to the VRIO Analysis of Paddle8 Painting a New Picture of the Art Market. 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 Paddle8 Painting a New Picture of the Art Market 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 Paddle8 Painting a New Picture of the Art Market and inhibit competitive advantage. This means that the local food products result in competitive parity for Paddle8 Painting a New Picture of the Art Market. As this resource is valuable, Paddle8 Painting a New Picture of the Art Market can still make use of this resource.
- The employees of Paddle8 Painting a New Picture of the Art Market are a rare resource as identified by the VRIO Analysis of Paddle8 Painting a New Picture of the Art Market. 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 Paddle8 Painting a New Picture of the Art Market are a rare resource as identified by the Paddle8 Painting a New Picture of the Art Market VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Paddle8 Painting a New Picture of the Art Market to use them without interference from the competition.
- The distribution network of Paddle8 Painting a New Picture of the Art Market is a rare resource as identified by the VRIO Analysis of Paddle8 Painting a New Picture of the Art Market. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Paddle8 Painting a New Picture of the Art Market. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Paddle8 Painting a New Picture of the Art Market are costly to imitate as identified by the Paddle8 Painting a New Picture of the Art Market 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 Paddle8 Painting a New Picture of the Art Market. 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 Paddle8 Painting a New Picture of the Art Market provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Paddle8 Painting a New Picture of the Art Market are also not costly to imitate as identified by the Paddle8 Painting a New Picture of the Art Market VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Paddle8 Painting a New Picture of the Art Market by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Paddle8 Painting a New Picture of the Art Market a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Paddle8 Painting a New Picture of the Art Market are very difficult to imitate as identified by the VRIO Analysis of Paddle8 Painting a New Picture of the Art Market. 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 Paddle8 Painting a New Picture of the Art Market is also very costly to imitate by competition as identified by the Paddle8 Painting a New Picture of the Art Market VRIO Analysis. This has been developed over the years gradually by Paddle8 Painting a New Picture of the Art Market. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Paddle8 Painting a New Picture of the Art Market are organised to capture value as identified by the VRIO Analysis of Paddle8 Painting a New Picture of the Art Market. 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 Paddle8 Painting a New Picture of the Art Market.
- The Patents of Paddle8 Painting a New Picture of the Art Market are not well organised as identified by the Paddle8 Painting a New Picture of the Art Market 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 Paddle8 Painting a New Picture of the Art Market starts selling patented products before the patents expire.
- The distribution network of Paddle8 Painting a New Picture of the Art Market is organised as identified by the VRIO Analysis of Paddle8 Painting a New Picture of the Art Market. Paddle8 Painting a New Picture of the Art Market 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 Paddle8 Painting a New Picture of the Art Market.
From the VRIO Analysis of Paddle8 Painting a New Picture of the Art Market, 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 Paddle8 Painting a New Picture of the Art Market 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.
Simon Bakur
5.0
When I asked the writer to add some more resources in the paper. He altered the paper that impressed me.
Karan Rabih
5.0
I want to mention the pros of this service. & I don’t have reason to look for any other service. Satisfactory service with appropriate prices.
Leo Oliver
5.0
Asked for adjustments that were accomplished on time. Was enough information in the paper. Thank you so much!
Darcie Finn
5.0
This is the widest range of service that I ever saw. Very satisfied with it!
Next Articles
- DAG Group Vrio Analysis
- Purchasing Co Op Vrio Analysis
- ZOOTS: The Cleaner Cleaner Vrio Analysis
- Gray Security: Building A South African Services Firm Vrio Analysis
- Vidient (A) Vrio Analysis
- Signature Security: Providing Alarm Systems For The Countries Down Under Vrio Analysis
- Technical Data Corp. Vrio Analysis
- Video Cats: Wireframing And Prototyping Vrio Analysis
- Tracmail Vrio Analysis
- A Mega Church Takes On Urban Problems: Fellowship Bible Comes To South Midtown Vrio Analysis
Previous Articles
- Lyric Dinner Theater (B) Vrio Analysis
- Aqua Bounty Vrio Analysis
- Building Innovation At Terrapin Bright Green Vrio Analysis
- Claritas Genomics Vrio Analysis
- Clef Company: Turnover Vrio Analysis
- Rent The Runway (Abridged) Vrio Analysis
- Sammy Snacks (A) Vrio Analysis
- Sammy Snacks (D) Vrio Analysis
- Sammy Snacks (C) Vrio Analysis
- FLORA (B): National 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!