VRIO Analysis of Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom

Posted by Zachary Edwards on Mar-22-2018

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

Rare

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

Imitable

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

Organisation

• The financial resources of Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom are organised to capture value as identified by the VRIO Analysis of Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom. 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 Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom.
• The Patents of Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom are not well organised as identified by the Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom 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 Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom starts selling patented products before the patents expire.
• The distribution network of Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom is organised as identified by the VRIO Analysis of Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom. Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom 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 Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom.

From the VRIO Analysis of Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom, 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 Roustam Tariko Russian Entrepreneur An Iconoclast in a Maelstrom is a competitive disadvantage. Research and Development is also a competitive disadvantage.