- 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 Online Retailers
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Online Retailers will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Online Retailers 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 Online Retailers VRIO Analysis shows that the financial resources of Online Retailers are highly valuable as these help in investing into external opportunities that arise. These also help Online Retailers in combating external threats.
- According to the VRIO Analysis of Online Retailers, 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 Online Retailers VRIO Analysis shows that Online Retailers'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 Online Retailers's products.
- According to the VRIO Analysis of Online Retailers, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Online Retailers. These patents also provide Online Retailers with licensing revenue when it licenses these patents out to other manufacturers.
- The Online Retailers VRIO Analysis shows that Online Retailers’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Online Retailers. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Online Retailers, 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 Online Retailers VRIO Analysis shows that the research and development at Online Retailers 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 Online Retailers. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Online Retailers are found to be rare according to the VRIO Analysis of Online Retailers. 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 Online Retailers 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 Online Retailers and inhibit competitive advantage. This means that the local food products result in competitive parity for Online Retailers. As this resource is valuable, Online Retailers can still make use of this resource.
- The employees of Online Retailers are a rare resource as identified by the VRIO Analysis of Online Retailers. 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 Online Retailers are a rare resource as identified by the Online Retailers VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Online Retailers to use them without interference from the competition.
- The distribution network of Online Retailers is a rare resource as identified by the VRIO Analysis of Online Retailers. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Online Retailers. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Online Retailers are costly to imitate as identified by the Online Retailers 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 Online Retailers. 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 Online Retailers provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Online Retailers are also not costly to imitate as identified by the Online Retailers VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Online Retailers by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Online Retailers a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Online Retailers are very difficult to imitate as identified by the VRIO Analysis of Online Retailers. 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 Online Retailers is also very costly to imitate by competition as identified by the Online Retailers VRIO Analysis. This has been developed over the years gradually by Online Retailers. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Online Retailers are organised to capture value as identified by the VRIO Analysis of Online Retailers. 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 Online Retailers.
- The Patents of Online Retailers are not well organised as identified by the Online Retailers 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 Online Retailers starts selling patented products before the patents expire.
- The distribution network of Online Retailers is organised as identified by the VRIO Analysis of Online Retailers. Online Retailers 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 Online Retailers.
From the VRIO Analysis of Online Retailers, 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 Online Retailers 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.
Noah Hugo
5.0
As per my experience, this service is all time present for any papers. I'm improving my writing style with the guidelines of the expert.
Carter Nick
5.0
This service protected me from failing from Strategy paper. They claimed the swift process of the assignment and it was equal to it. Undoubtedly, a reliable service!
Tamer Rauf
5.0
Only best impression of this service! If one wants the assignment to be completed with full authenticity, then he/she should hire this service.
Jonathan Kieran
5.0
This writing brand deserves appreciation. My paper was composed by professionals and I got satisfactory grades. Thanks!
Next Articles
- Massive Inc. (A) Vrio Analysis
- Arnold Communications Vrio Analysis
- The Ascendance Of AirAsia: Building A Successful Budget Airline In Asia Vrio Analysis
- Porter Airlines Vrio Analysis
- Florida Air, Inc. Vrio Analysis
- Adam Aircraft Vrio Analysis
- Air Deccan (B): Kingfisher And The King Of Good Times Vrio Analysis
- The Wright Brothers And Their Flying Machines Vrio Analysis
- EHarvest.com Vrio Analysis
- EasyJet: The Web's Favorite Airline (Abridged) Vrio Analysis
Previous Articles
- Online Portals Vrio Analysis
- Online Content Providers Vrio Analysis
- Northwest Security Services Vrio Analysis
- What Do Venture Capitalists Do? Vrio Analysis
- Circles: Lifecycle Of A New Venture Vrio Analysis
- Making Progress At IDEO Vrio Analysis
- Business Research Corp. (A) Vrio Analysis
- A Mega Church Takes On Urban Problems: Fellowship Bible Comes To South Midtown Vrio Analysis
- Tracmail Vrio Analysis
- Video Cats: Wireframing And Prototyping 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!