- 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
Thank You!
Thank you for your email subscription. Check your email to get Coupon Code.
VRIO Analysis of Career Choice of Ms Linlin Chen
Posted by Sabrina Warren on Feb-27-2023
The Career Choice of Ms Linlin Chen is exposed to, as well as has ownership of different resources. The Career Choice of Ms Linlin Chen uses these resources for meeting its goals, as well as for developing and expanding different growth opportunities. The VRIO analysis is used by the Career Choice of Ms Linlin Chen for assessing and evaluating these resources to help leadership and management to identify different strengths and weaknesses, and work towards using the same to enhance the business standing and proposition (Knott, 2015).
VRIO importance
More importantly, the VRIO analysis is used by the Career Choice of Ms Linlin Chen to evaluate and identify the different competitive advantages that different resources can offer. In doing so, the Career Choice of Ms Linlin Chen is able to identify resources that offer a long-term sustainable competitive advantage, and work towards building the same for increased opportunities (Chatzoglou, Chatzoudes, Sarigiannidis, & Theriou, 2018). Career Choice of Ms Linlin Chen VRIO analysis is a strategic tool that allows the Career Choice of Ms Linlin Chen to identify resources that offer a temporary competitive advantage – allowing the company to strategize tactics to then turn these into factors of long-term competitiveness.
The VRIO analysis largely assesses resources as being Valuable, rare, inimitable, and organized.
Valuable
Resources are valuable if they allow the Career Choice of Ms Linlin Chen to enhance its efficiency and effectiveness through facilitating strategy implementation and realization. Moreover, resources are also valuable if they allow the Career Choice of Ms Linlin Chen to successfully manage the threats it is exposed to, and capitalize on different opportunities through helping build internal strengths, and manage weaknesses appropriately (Lasserre, 2017). Some examples of valuable resources for Career Choice of Ms Linlin Chen include the following:
Strong global presence
The Career Choice of Ms Linlin Chen has a presence across various international locations and countries. The Career Choice of Ms Linlin Chen has expanded its manufacturing operations across different countries in Asia and Europe. The Career Choice of Ms Linlin Chen uses these manufacturing sites as central supply locations and hubs for different regions as well (Abratt & Bendixen, 2018).
Branch network
The Career Choice of Ms Linlin Chen has a strong branch and store network across different regions in various international locations – including the UK, USA, China, and Australia, and across Europe. The Career Choice of Ms Linlin Chen has developed its store network in locations that offer the company high visibility, and promise a high customer footfall (Baines, Fill, & Rosengren, 2017).
Supply chain management
Owing to the global presence, and international operations, the Career Choice of Ms Linlin Chen also has an internally managed supply chain network. The supply chain network ensures consistently high quality, and timely manufacture and delivery of the products offered by the Career Choice of Ms Linlin Chen to retailers, distributors, as well as end consumers (Chernev, 2018).
Risk management
The Career Choice of Ms Linlin Chen has developed an internal means and system for identifying, managing, and mitigating environmental risks and threats. These risks include fluctuation in prices of raw materials, as well as political instability in regions where it operates. The internal risk management system for Career Choice of Ms Linlin Chen comprises of continuous observation of the environment, and development of proactive strategies, as well as training of its personnel for responding to the same (Deepak & Jeyakumar, 2019).
Technological advancement
The Career Choice of Ms Linlin Chen makes use of technological advancement for achieving economies of scale. The presence across various global locations has allowed the Career Choice of Ms Linlin Chen to develop a seamless technological infrastructure for knowledge sharing. Career Choice of Ms Linlin Chen is also able to implement processes of improvement internally (Iacobucci, 2021).
Use of AI
The Career Choice of Ms Linlin Chen also makes use of AI for improving internal efficiencies and processes as well as for improving the consumer experience. The use of AI internally has allowed the Career Choice of Ms Linlin Chen to reduce the error rates, and improve logistic management, for example.
User experience
The Career Choice of Ms Linlin Chen focuses on enhancing the user experience for maintaining loyalty. The use of AI especially has allowed the company to improve the user experience through providing 24/7 customer support, as well as developing relevant purchase prompts for consumers based on their browsing histories (Sahaf, 2019).
Customer service
The customer service offered by Career Choice of Ms Linlin Chen is an important and valuable resource that helps the company differentiate its offerings from that of the competition. The Career Choice of Ms Linlin Chen offers 24/7 online support to consumers, and has a team of trained personnel for providing customer services on physical locations (Gillespie & Swan, 2021).
Research and development
The Career Choice of Ms Linlin Chen makes a substantial investment in research and development. The research and development allows the Career Choice of Ms Linlin Chen to stay updated with the market and consumer trends – thereby allowing the Career Choice of Ms Linlin Chen to tailor its offerings and marketing efforts accordingly. The research and development also allows the Career Choice of Ms Linlin Chen to improve its production processes, and improve efficiency levels continuously (Grewal & Levy, 2021).
Product offering
The Career Choice of Ms Linlin Chen focuses on maintaining consistent quality for its product offerings. Moreover, the Career Choice of Ms Linlin Chen also ensures that the product offerings meet the consumer needs and demands. For this purpose, it engages in the localization of its product offerings across different regions and locations (Abratt & Bendixen, 2018).
Financial resources
The financial resources and capability at the Career Choice of Ms Linlin Chen allows minimum dependence on debt. The Career Choice of Ms Linlin Chen has a higher dependence on equity for expansion and development purposes. This ensures lower vulnerability of the company, and gives the Career Choice of Ms Linlin Chen increased freedom and independence for pursuing business objectives and goals (Groucutt & Hopkins, 2015).
Marketing activities
The Career Choice of Ms Linlin Chen engages in marketing activities for appealing to its target audience across different countries and regions. The marketing communication is tailored to take into account different cultural considerations across these locations and regions. Moreover, the Career Choice of Ms Linlin Chen ensures to appeal to the functional as well as emotional fronts of the consumers - using insights from its research and development activities (Kotler & Keller, 2021).
Rare
Rare resources for the Career Choice of Ms Linlin Chen are those which are not easily and readily available for the competing players. These resources are rare for the Career Choice of Ms Linlin Chen because of the firm’s unique position and access to the resources – which is otherwise difficult and challenging to acquire. This makes rare resources cost-intensive for other organizations (Phillips & Moutinho, 2018).
Manufacturing and distribution licenses
Career Choice of Ms Linlin Chen has gained special licensing permissions for manufacturing and distribution in various regions ad countries – some of which are more remote and stringent towards international firms. The Career Choice of Ms Linlin Chen has been able to do so based on its strong team of lawyers and policy interpreters, as well as because of the goodwill it has developed over the years (Kotler & Keller, 2021).
Access to raw materials
Career Choice of Ms Linlin Chen has access to different raw materials that support its quality maintenance of product offerings. The access to raw materials for the Career Choice of Ms Linlin Chen is largely based on the company’s unique position and its investments in research and development. Both of these have allowed the Career Choice of Ms Linlin Chen to substantially develop its capabilities (Buchanan & Huczynski, 2019).
Equipment
The Career Choice of Ms Linlin Chen has access to world-class equipment. This equipment and technology is not readily and easily available to its competing players. The Career Choice of Ms Linlin Chen has access to this equipment for increasing efficiency, and improving economies of scale based on its vast operations, and partnerships with various regional governments (McShane & Glinow, 2017).
Intellectual property
The Career Choice of Ms Linlin Chen has multiple policies regarding intellectual property, and thoroughly implements policies and regulations regarding the same internally. In addition, the company also follows external regulations for intellectual property protection. This allows the Career Choice of Ms Linlin Chen to sustain its creativity and successfully continue to experiment with new product ideas (Chernev, 2018).
Patents
The Career Choice of Ms Linlin Chen has different patents registered under its name. This is done by the Career Choice of Ms Linlin Chen to safeguard its innovative capacities, and maintain regulated intellectual property rights. This helps the Career Choice of Ms Linlin Chen stay ahead of the competition, and secure new technology and ideas to maintain the first mover, and unique competitive advantage over other players (Wunder, 2019).
Sustainable manufacturing
Based on its unique environment for development and innovation, as well as because of its engagement with advanced technology and equipment, the Career Choice of Ms Linlin Chen has developed processes for successful sustainable manufacturing. This resource allows the company to appeal to green consumers, and at the same time, maintain higher internal efficiencies and profitability (Tonelli & Cristoni, 2018).
Eco-packaging
The Career Choice of Ms Linlin Chen is also successfully engaging with, and producing eco-based packaging. This resource is important for the Career Choice of Ms Linlin Chen, and allows it to improve its processes as well as brand perception. Competing players do not have access to the needed intellectual property, ideas, or machines to successfully, and efficiently apply this to their internal business processes and offerings (Tonelli & Cristoni, 2018).
Inimitable
Inimitable resources for the Career Choice of Ms Linlin Chen are those which are hard and costly to copy and imitate by other players, and competitive rivals in the industry. Inimitable resources offer a long-term competitive advantage to Career Choice of Ms Linlin Chen. Career Choice of Ms Linlin Chen has different resources that are hard to imitate, or are perfectly inimitable largely because of factors of historical context; and unique historical conditions; causal ambiguity, and/or social complexity (Stead & Stead, 2014).
For Career Choice of Ms Linlin Chen, a number of resources are inimitable because of their uniqueness to the company itself. These include:
Organizational culture
The organizational culture is unique to the Career Choice of Ms Linlin Chen – developed through the Career Choice of Ms Linlin Chen’s core values and beliefs, as well as its structure and managing style. The culture of the Career Choice of Ms Linlin Chen leads to improved employee performance, and facilitates organizational success (Abbas, 2017).
HRM policies and activities
The Career Choice of Ms Linlin Chen has also built a strong HRM department internally which supports the business, and its strategies. This support is extended through various HRM functions such as hiring, and training activities and opportunities. These activities are aligned with the business goals and strategic direction for ensuring high organizational performance, and the right talent match for the Career Choice of Ms Linlin Chen (Mariappanadar, 2019).
Compensation Framework
The Career Choice of Ms Linlin Chen also has a unique compensation system to support internal activities and functions. The compensation system is rooted in employee motivation and needs. The Career Choice of Ms Linlin Chen invests in understanding the needs of the employees, and then designs rewards accordingly- linking them with the job responsibilities and tasks (Mariappanadar, 2019; DuBrin, 2013).
Brand equity
The Career Choice of Ms Linlin Chen has developed strong brand equity over time. The Career Choice of Ms Linlin Chen has successfully, and continually delivered on its brand promise by providing high quality offerings. This has allowed the buildup of consumer trust as well as positive brand perception leading to higher brand equity for Career Choice of Ms Linlin Chen (Kotler & Keller, 2021).
Brand loyalty
The Career Choice of Ms Linlin Chen has a high brand loyalty. Based on its offerings, quick customer service, and after-sales service, the Career Choice of Ms Linlin Chen has developed a high brand loyalty amongst customers. These customers conduct repeat purchases of the Career Choice of Ms Linlin Chen’s offerings and products because of higher satisfaction levels (Baines, Fill, & Rosengren, 2017).
Brand awareness
The marketing activities of the Career Choice of Ms Linlin Chen are carefully tailored and targeted, and based on the emotional appeal that the company provides in its offerings to the customers. This in turn leads to a positive buzz. The viral buzz, as well as positive marketing efforts, have led to high brand awareness for the Career Choice of Ms Linlin Chen amongst not only its own target customers, but also amongst secondary groups (Sahaf, 2019).
Goodwill
Career Choice of Ms Linlin Chen has continually delivered on its promise, and has thus developed a positive brand perception. As a result of this, the Career Choice of Ms Linlin Chen has built positive goodwill over the years. This goodwill allows the Career Choice of Ms Linlin Chen to confidently launch new products in the market that consumers readily accept and consume (Grewal & Levy, 2021).
Innovation
The Career Choice of Ms Linlin Chen continually engages in innovation and creativity as well. The company has a team for business development that engages in the process of new product design and development. The Career Choice of Ms Linlin Chen also invests in the creative development of its employees for facilitating and encouraging new idea generation, and emphasizes on employee empowerment for the same purpose (McShane & Glinow, 2017).
Organizational leadership
The Career Choice of Ms Linlin Chen has a supportive leadership. The leadership style at Career Choice of Ms Linlin Chen is participative which encourages discussion, and creates trust and a positive work environment. In addition, the leadership at Career Choice of Ms Linlin Chen is transparent and accessible, and works closely to improve and build the organizational culture through promoting core beliefs and values (Schein, 2010).
Employee commitment
The employees at the Career Choice of Ms Linlin Chen display high levels of job satisfaction. This is because the Career Choice of Ms Linlin Chen continually engages the employees with challenging tasks, trainings for personal and professional development, as well as motivational work responsibilities and teamwork. This results in increased levels of job satisfaction amongst employees of Career Choice of Ms Linlin Chen, leading in turn to high levels of employee commitment (Mariappanadar, 2019).
Branding activities
The Career Choice of Ms Linlin Chen invests in branding activities for building its brand as well as a positive consumer perception. These branding activities for the Career Choice of Ms Linlin Chen involve not only the marketing communications, but also the development of a suitable marketing mix for the company. The branding activities help the Career Choice of Ms Linlin Chen increase brand awareness, as well as increase its reach and penetration amongst the target audience (Iacobucci, 2021).
Organized
The Career Choice of Ms Linlin Chen is able to capitalize on different opportunities based on the various resources available to it through being organized. This factor of the strategic framework evaluates and assesses how organized and structured the Career Choice of Ms Linlin Chen is. The factor also reviews how the Career Choice of Ms Linlin Chen is able to benefit from the various resources that are available to it towards building sustainable competitive advantage (Chatzoglou, Chatzoudes, Sarigiannidis, & Theriou, 2018; Stead & Stead, 2014). This part of the strategic framework for the Career Choice of Ms Linlin Chen allows it to identify and examine different resources it has closely to be able to optimally benefit from them.
Physical infrastructure
One of the best ways through which the Career Choice of Ms Linlin Chen is able to capitalize on the various internal and external opportunities is through the development of its physical infrastructure. The infrastructure of the Career Choice of Ms Linlin Chen allows it to develop economies of scale as well as enhance its various manufacturing and operational processes (Buchanan & Huczynski, 2019).
Technological infrastructure
The technological infrastructure of the Career Choice of Ms Linlin Chen allows it to benefit from the latest technological trends such as the inclusion of artificial intelligence and automation in its operational processes and schedules. The technological infrastructure has facilitated the Career Choice of Ms Linlin Chen to improve its production and efficiency rates as well as reduce its errors. The technological infrastructure also led the Career Choice of Ms Linlin Chen to benefit from potential advancements such as social media marketing and e-commerce (DuBrin, 2013).
Network support
The Career Choice of Ms Linlin Chen is able to further benefit from consuming of various resources available through the presence of a strong internal network. This network includes not only the physical and technological infrastructure but also the organizational network and alignment of operations locally and globally. This coordination and network allows the Career Choice of Ms Linlin Chen to realize its strategic goals (Phillips & Moutinho, 2018).
Training and development
As the Career Choice of Ms Linlin Chen is exposed to new resources and builds on old resources, it is important to update the skills of the employees. The Career Choice of Ms Linlin Chen continually invests in the training and development of its labor force. This ensures that the Career Choice of Ms Linlin Chen stays ahead of the competition.
The Career Choice of Ms Linlin Chen maintains frequent internal training and development opportunities to help the growth of employees and improve their performance (Mariappanadar, 2019; Stead & Stead, 2014).
International Exposure
The growth and expansion of the Career Choice of Ms Linlin Chen and its business along international fronts have given it considerable exposure to understand different cultural requirements and operational details. This exposure is important for the Career Choice of Ms Linlin Chen to allocate resources accordingly towards different regions and production sites; and manage them in the most efficient and effective manner possible (Kotler & Keller, 2021).
International learning
The international exposure that the Career Choice of Ms Linlin Chen also enables increased sharing of knowledge across borders. This knowledge sharing and knowledge development allows continuous learning internally for the Career Choice of Ms Linlin Chen. This learning then helps the Career Choice of Ms Linlin Chen to work towards to the development of strategic structures within the organization as well as design more sophisticated management styles and tools to improve the management of resources (Daneshmandnia, 2019).
Organizational hierarchy
Optimization of the resources available to the Career Choice of Ms Linlin Chen is because the organization has a flatter hierarchy which leads to easier access to the leadership and quicker decision-making processes. This enables higher employee empowerment and participation as well as leads to increased organizational commitment and responsibility (Deepak & Jeyakumar, 2019).
Supportive leadership
The leadership of the Career Choice of Ms Linlin Chen is largely supportive and ensures the development of the management team and the employees. The support of the leadership within the Career Choice of Ms Linlin Chen allows space for quicker decisions as well as makes room for capitalizing on the opportunities and mitigating risks accordingly. This in turn allows for improved Resource management and optimization (Schein, 2010).
Effective change management processes
The Career Choice of Ms Linlin Chen engages all employees in the change management process and ensures that there is transparent communication regarding the need as well as the implementation of the same. This allows the Career Choice of Ms Linlin Chen to manage resources more effectively as well as build on other resources to help the company achieve its strategic and business objectives and goals (Pollack & Pollack, 2015).
Conclusion
The VRIO assessment is an important strategic tool that allows the Career Choice of Ms Linlin Chen to identify various resources which can lead to different forms of competitive advantages. The VRIO assessment and model allows the Career Choice of Ms Linlin Chen to identify resources that can be used for developing sustainable competitive advantage over the long term as well as allows the Career Choice of Ms Linlin Chen to invest in, and build other resources for the same purpose.
In addition, the strategic tool allows managers of the company to identify resources which can lead to competitive disadvantage. As such the VRIO assessment is an important source of resource evaluation as well as identification of the same.
References:
Abbas, M. (2017). The effect of organizational culture and leadership style towards employee engagement and their impact towards employee loyalty. Asian Journal of Technology and Management Research (AJTMR) ISSN, 2249, 0892.
Abratt, R., & Bendixen, M. (2018). Strategic marketing: Concepts and cases. . New York, United States: Routledge.
Baines, P., Fill, C., & Rosengren, S. (2017). Marketing. New York, United States: Oxford University Press.
Buchanan, D., & Huczynski, A. (2019). Organizational behaviour. London: Pearson UK.
Chatzoglou, P., Chatzoudes, D., Sarigiannidis, L., & Theriou, G. (2018). The role of firm-specific factors in the strategy-performance relationship: Revisiting the resource-based view of the firm and the VRIO framework. Management Research Review.
Chernev, A. (2018). Strategic marketing management. Berlin/Heidelberg, Germany: Cerebellum Press.
Daneshmandnia, A. (2019). The influence of organizational culture on information governance effectiveness. Records Management Journal.
Deepak, R., & Jeyakumar, S. (2019). Marketing management. New Delhi, India: Educreation Publishing.
DuBrin, A. (2013). Fundamentals of organizational behavior: An applied perspective. Amsterdam, Netherlands: Elsevier.
Gillespie, K., & Swan, K. (2021). Global marketing. New York, United States: Routledge.
Grewal, D., & Levy, M. (2021). M: marketing. New York, United States: McGraw-Hill Education.
Groucutt, J., & Hopkins, C. (2015). Marketing. London: Macmillan International Higher Education.
Iacobucci, D. (2021). Marketing management. Boston, Massachusetts, United States: Cengage Learning.
Knott, P. (2015). Does VRIO help managers evaluate a firm’s resources?. Management Decision.
Kotler, P., & Keller, K. (2021). Marketing Management (15th global edition). London, United Kingdom: Pearson Education Limited.
Lasserre, P. (2017). Global strategic management. London: Macmillan International Higher Education.
Mariappanadar, S. (2019). Sustainable human resource management: Strategies, practices and challenges. Macmillan International Higher Education.
McShane, S., & Glinow, M. (2017). Organizational behavior. New York, United States: McGraw-Hill Education.
Phillips, P., & Moutinho, L. (2018). Contemporary issues in strategic management. London: Routledge.
Pollack, J., & Pollack, R. (2015). Using Kotter’s eight stage process to manage an organisational change program: Presentation and practice. Systemic practice and action research, 28(1), 51-66.
Sahaf, A. (2019). Strategic marketing: Making decisions for strategic advantage. New Delhi, India: PHI Learning Pvt. Ltd..
Schein, E. (2010). Organizational culture and leadership . John Wiley & Sons.
Stead, J., & Stead, W. (2014). Sustainable strategic management. . London: Routledge.
Tonelli, M., & Cristoni, N. (2018). Strategic management and the circular economy. London: Routledge.
Wunder, T. (2019). Rethinking strategic management: Sustainable strategizing for positive impact. Berlin: Springer Nature.
Related Article
- PESTEL Analysis of Career Choice of Ms Linlin Chen
- Hofstede Cultural Model of Career Choice of Ms Linlin Chen
- Net Present Value (NPV) Analysis of Career Choice of Ms Linlin Chen
- Marketing Mix (4Ps) Analysis of Career Choice of Ms Linlin Chen
- Corporate Social Responsibility of Career Choice of Ms Linlin Chen
- Career Choice of Ms Linlin Chen Discounted Cash Flow (DCF) Analysis
- Career Choice of Ms Linlin Chen Case Solution
- Marketing Strategy for Career Choice of Ms Linlin Chen
- Blue Ocean Strategy of Career Choice of Ms Linlin Chen
Latest Feedback
Estille Jean
Verified
The best assignment writing company ever! This service delivered an excellent quality paper from the beginning to the end. Thanks a lot!
Isla Lachlan
Verified
The assignment was delivered to me within two days and I'm well pleased to deal with this service. Thank you!
Katherine
Verified
There was a time when I used to believe that it’s impossible to write a Dissertation Proposal but after the help of this service, I knew it’s very easy to compose the dissertation and get it approved by the supervisor. Thanks a lot!
Cooper Arthur
Verified
I’m pleased with communication program. I conveyed everything about the Term Paper and got a fine paper. A great deal of thanks!
Arlo Brandet
Verified
All the subjective and objective questions were cleared up by this service. I called the scholar to make a change in one question and he edited it promptly. Much thanks!
Dorina Btond
Verified
It was challenging to find the right service that would express a serious attitude regarding delivery and persuasive paper. Hired this service on the suggestion of the colleague and don’t have an issue with it.
Calculate the Price of Your Order
Next Article
- Eastwind Trading Co. (A) VRIO Analysis
- Kaskazi Network Ltd - Distributing to the Bottom of the Pyramid (C) VRIO Analysis
- Preview Travel (B) VRIO Analysis
- Gillette Singapore: Managing Global Business Integration on the Ground (C), Spanish Version VRIO Analysis
- ThermoLase VRIO Analysis
- Wawa: Building a New Business Within an Established Firm VRIO Analysis
- Balance, Inc. (A) VRIO Analysis
- InSite Marketing Technology (B) VRIO Analysis
- Business Innovation: The MTR's eInstant Bonus Project VRIO Analysis
- Kate Spade VRIO Analysis
Previuos Article
- Making the Case VRIO Analysis
- Joe Smith's Closing Analysis (B) VRIO Analysis
- Joe Smith's Closing Analysis (A), Spanish Version VRIO Analysis
- GMAC: The Pipeline VRIO Analysis
- On Writing Teaching Notes Well VRIO Analysis
- Exxon Corp.: Trouble at Valdez VRIO Analysis
- Ashland Oil, Inc.: Trouble at Floreffe (A) VRIO Analysis
- Ashland Oil, Inc.: Trouble at Floreffe (B) VRIO Analysis
- Ashland Oil, Inc.: Trouble at Floreffe (C) VRIO Analysis
- Ashland Oil, Inc.: Trouble at Floreffe (D) 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 EssayPandas with BIG enough reputation.
Our Guarantees
- Quality assured
- Proof of no plagiarism
- Qualified writers
- Data security
- 24/7 support
- On time delivery
Interesting Fact
Most recent surveys suggest that around 76 % students try professional academic writing services at least once in their lifetime!
Order Now