- 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 Music and the Real World Thirty Years of MTV
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Music and the Real World Thirty Years of MTV will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Music and the Real World Thirty Years of MTV 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 Music and the Real World Thirty Years of MTV VRIO Analysis shows that the financial resources of Music and the Real World Thirty Years of MTV are highly valuable as these help in investing into external opportunities that arise. These also help Music and the Real World Thirty Years of MTV in combating external threats.
- According to the VRIO Analysis of Music and the Real World Thirty Years of MTV, 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 Music and the Real World Thirty Years of MTV VRIO Analysis shows that Music and the Real World Thirty Years of MTV'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 Music and the Real World Thirty Years of MTV's products.
- According to the VRIO Analysis of Music and the Real World Thirty Years of MTV, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Music and the Real World Thirty Years of MTV. These patents also provide Music and the Real World Thirty Years of MTV with licensing revenue when it licenses these patents out to other manufacturers.
- The Music and the Real World Thirty Years of MTV VRIO Analysis shows that Music and the Real World Thirty Years of MTV’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Music and the Real World Thirty Years of MTV. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Music and the Real World Thirty Years of MTV, 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 Music and the Real World Thirty Years of MTV VRIO Analysis shows that the research and development at Music and the Real World Thirty Years of MTV 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 Music and the Real World Thirty Years of MTV. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Music and the Real World Thirty Years of MTV are found to be rare according to the VRIO Analysis of Music and the Real World Thirty Years of MTV. 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 Music and the Real World Thirty Years of MTV 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 Music and the Real World Thirty Years of MTV and inhibit competitive advantage. This means that the local food products result in competitive parity for Music and the Real World Thirty Years of MTV. As this resource is valuable, Music and the Real World Thirty Years of MTV can still make use of this resource.
- The employees of Music and the Real World Thirty Years of MTV are a rare resource as identified by the VRIO Analysis of Music and the Real World Thirty Years of MTV. 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 Music and the Real World Thirty Years of MTV are a rare resource as identified by the Music and the Real World Thirty Years of MTV VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Music and the Real World Thirty Years of MTV to use them without interference from the competition.
- The distribution network of Music and the Real World Thirty Years of MTV is a rare resource as identified by the VRIO Analysis of Music and the Real World Thirty Years of MTV. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Music and the Real World Thirty Years of MTV. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Music and the Real World Thirty Years of MTV are costly to imitate as identified by the Music and the Real World Thirty Years of MTV 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 Music and the Real World Thirty Years of MTV. 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 Music and the Real World Thirty Years of MTV provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Music and the Real World Thirty Years of MTV are also not costly to imitate as identified by the Music and the Real World Thirty Years of MTV VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Music and the Real World Thirty Years of MTV by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Music and the Real World Thirty Years of MTV a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Music and the Real World Thirty Years of MTV are very difficult to imitate as identified by the VRIO Analysis of Music and the Real World Thirty Years of MTV. 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 Music and the Real World Thirty Years of MTV is also very costly to imitate by competition as identified by the Music and the Real World Thirty Years of MTV VRIO Analysis. This has been developed over the years gradually by Music and the Real World Thirty Years of MTV. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Music and the Real World Thirty Years of MTV are organised to capture value as identified by the VRIO Analysis of Music and the Real World Thirty Years of MTV. 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 Music and the Real World Thirty Years of MTV.
- The Patents of Music and the Real World Thirty Years of MTV are not well organised as identified by the Music and the Real World Thirty Years of MTV 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 Music and the Real World Thirty Years of MTV starts selling patented products before the patents expire.
- The distribution network of Music and the Real World Thirty Years of MTV is organised as identified by the VRIO Analysis of Music and the Real World Thirty Years of MTV. Music and the Real World Thirty Years of MTV 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 Music and the Real World Thirty Years of MTV.
From the VRIO Analysis of Music and the Real World Thirty Years of MTV, 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 Music and the Real World Thirty Years of MTV 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.
Jacob Cassian
5.0
I was hesitant and thought that they will compose the paper with high charges but the fees system is good that I paid easily. Thank you!
Saurati Sinha
5.0
My friend was happy with this service and as per her recommendation, I experienced this service. Refer to all of you because it does for what a student asks for.
Rachel Mitch
5.0
This service met all specifications expected and I'm going to hand over my dissertation to it. Thanks a lot!
Johannes L Kruger
5.0
Thank you writer, you really produced a wonderful Lit review. i am equally excited and Looking forward to the 3rd part: Research Proposal.
Next Articles
- Bono And U2 Vrio Analysis
- Valuing The AOL Time Warner Merger Vrio Analysis
- The Kid Grows Up: Decisions At The Sundance Institute Vrio Analysis
- Frontier Adventure Racing: Pack Lightly, Go Like Hell, Never Give Up Vrio Analysis
- Henry Walters (A) Vrio Analysis
- ICraveTV.com: A New Media Upstart Vrio Analysis
- Curt Schilling's Next Pitch (B) Vrio Analysis
- Revolutionary Gear Vrio Analysis
- Speedway That Won't Slow Down Vrio Analysis
- Milk Baths And Charm Necklaces: Had Randy Weiner (Finally) Gone Too Far? Vrio Analysis
Previous Articles
- GolfLogix: Measuring The Game Of Golf, Spanish Version Vrio Analysis
- File Sharing And Napster Vrio Analysis
- A Chinese Start Up's Midlife Crisis: 99Sushe.com, Chinese Version Vrio Analysis
- Homeless World Cup: Social Entrepreneurship, Cause Marketing, And A Partnership With Nike Vrio Analysis
- Lyric Dinner Theater (A) Vrio Analysis
- Excel Entertainment Vrio Analysis
- Swimming In The Virtual Community Pool With PlentyofFish Vrio Analysis
- Golfgamez (A): Funding A Digital Startup Vrio Analysis
- Roundabout Theatre Co. (C) Vrio Analysis
- Myteam.com 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!