- 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 Target Media B
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of Target Media B will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The Target Media B 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 Target Media B VRIO Analysis shows that the financial resources of Target Media B are highly valuable as these help in investing into external opportunities that arise. These also help Target Media B in combating external threats.
- According to the VRIO Analysis of Target Media B, 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 Target Media B VRIO Analysis shows that Target Media B'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 Target Media B's products.
- According to the VRIO Analysis of Target Media B, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for Target Media B. These patents also provide Target Media B with licensing revenue when it licenses these patents out to other manufacturers.
- The Target Media B VRIO Analysis shows that Target Media B’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for Target Media B. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of Target Media B, 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 Target Media B VRIO Analysis shows that the research and development at Target Media B 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 Target Media B. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of Target Media B are found to be rare according to the VRIO Analysis of Target Media B. 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 Target Media B 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 Target Media B and inhibit competitive advantage. This means that the local food products result in competitive parity for Target Media B. As this resource is valuable, Target Media B can still make use of this resource.
- The employees of Target Media B are a rare resource as identified by the VRIO Analysis of Target Media B. 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 Target Media B are a rare resource as identified by the Target Media B VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows Target Media B to use them without interference from the competition.
- The distribution network of Target Media B is a rare resource as identified by the VRIO Analysis of Target Media B. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of Target Media B. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of Target Media B are costly to imitate as identified by the Target Media B 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 Target Media B. 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 Target Media B provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of Target Media B are also not costly to imitate as identified by the Target Media B VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from Target Media B by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of Target Media B a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of Target Media B are very difficult to imitate as identified by the VRIO Analysis of Target Media B. 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 Target Media B is also very costly to imitate by competition as identified by the Target Media B VRIO Analysis. This has been developed over the years gradually by Target Media B. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of Target Media B are organised to capture value as identified by the VRIO Analysis of Target Media B. 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 Target Media B.
- The Patents of Target Media B are not well organised as identified by the Target Media B 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 Target Media B starts selling patented products before the patents expire.
- The distribution network of Target Media B is organised as identified by the VRIO Analysis of Target Media B. Target Media B 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 Target Media B.
From the VRIO Analysis of Target Media B, 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 Target Media B 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.
Joel Randall
5.0
Pleased with the affordable prices and especially the revision!
Grance Azaan
5.0
The revision was free of charge and the best part is the plagiarism report. Thanks a lot!
Daniel Xavier
5.0
There is only one company to use and that is this one. Whenever I call it for help, it always gives me the solution to the query. Thanks a lot!
Mara Phil
5.0
My paper was sent on time and all the instructions were followed. This service is really great and I’m satisfied with it. Grateful!
Next Articles
- Crafting And Executing An Offshore IT Sourcing Strategy: GlobShop's Experience Vrio Analysis
- Lincoln Industries Vrio Analysis
- Charlotte Pride: Simmons Bedding Company, Video Vrio Analysis
- Leading Change At Simmons (C) Vrio Analysis
- Leading Change At Simmons (D) Vrio Analysis
- Andrea Jung: Empowering Avon Women (B) Vrio Analysis
- Ions Consulting: The MP 2 Training Program Vrio Analysis
- Succession Planning: RWE Ready Vrio Analysis
- Rogers Cable: First Time Right Vrio Analysis
- Leading Organisational Change: Improving Hospital Performance Vrio Analysis
Previous Articles
- Target Media (A) Vrio Analysis
- When A Pandemic Hits: Treading H2O And The Possible Pox (A) Vrio Analysis
- IBM Values And Corporate Citizenship Vrio Analysis
- IBM In The 21st Century: The Coming Of The Globally Integrated Enterprise Vrio Analysis
- Leading Citigroup (B) Vrio Analysis
- Leading Citigroup (A) Vrio Analysis
- IBM's Dynamic Workplace Vrio Analysis
- Note On The Nonprofit Coherence Framework Vrio Analysis
- Taking Charge: Jürgen Klinsmann And The German National Soccer Team Vrio Analysis
- Procter & Gamble In The 21st Century (C): Integrating Gillette 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!