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VRIO Analysis of IMPLEMENTING FORTIS OPERATING SYSTEM B
Posted by Sabrina Warren on Feb-27-2023
The IMPLEMENTING FORTIS OPERATING SYSTEM B is exposed to, as well as has ownership of different resources. The IMPLEMENTING FORTIS OPERATING SYSTEM B uses these resources for meeting its goals, as well as for developing and expanding different growth opportunities. The VRIO analysis is used by the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B to evaluate and identify the different competitive advantages that different resources can offer. In doing so, the IMPLEMENTING FORTIS OPERATING SYSTEM B 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). IMPLEMENTING FORTIS OPERATING SYSTEM B VRIO analysis is a strategic tool that allows the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B to enhance its efficiency and effectiveness through facilitating strategy implementation and realization. Moreover, resources are also valuable if they allow the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B include the following:
Strong global presence
The IMPLEMENTING FORTIS OPERATING SYSTEM B has a presence across various international locations and countries. The IMPLEMENTING FORTIS OPERATING SYSTEM B has expanded its manufacturing operations across different countries in Asia and Europe. The IMPLEMENTING FORTIS OPERATING SYSTEM B uses these manufacturing sites as central supply locations and hubs for different regions as well (Abratt & Bendixen, 2018).
Branch network
The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B to retailers, distributors, as well as end consumers (Chernev, 2018).
Risk management
The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B makes use of technological advancement for achieving economies of scale. The presence across various global locations has allowed the IMPLEMENTING FORTIS OPERATING SYSTEM B to develop a seamless technological infrastructure for knowledge sharing. IMPLEMENTING FORTIS OPERATING SYSTEM B is also able to implement processes of improvement internally (Iacobucci, 2021).
Use of AI
The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B to reduce the error rates, and improve logistic management, for example.
User experience
The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B is an important and valuable resource that helps the company differentiate its offerings from that of the competition. The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B makes a substantial investment in research and development. The research and development allows the IMPLEMENTING FORTIS OPERATING SYSTEM B to stay updated with the market and consumer trends – thereby allowing the IMPLEMENTING FORTIS OPERATING SYSTEM B to tailor its offerings and marketing efforts accordingly. The research and development also allows the IMPLEMENTING FORTIS OPERATING SYSTEM B to improve its production processes, and improve efficiency levels continuously (Grewal & Levy, 2021).
Product offering
The IMPLEMENTING FORTIS OPERATING SYSTEM B focuses on maintaining consistent quality for its product offerings. Moreover, the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B allows minimum dependence on debt. The IMPLEMENTING FORTIS OPERATING SYSTEM B has a higher dependence on equity for expansion and development purposes. This ensures lower vulnerability of the company, and gives the IMPLEMENTING FORTIS OPERATING SYSTEM B increased freedom and independence for pursuing business objectives and goals (Groucutt & Hopkins, 2015).
Marketing activities
The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B are those which are not easily and readily available for the competing players. These resources are rare for the IMPLEMENTING FORTIS OPERATING SYSTEM B 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
IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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
IMPLEMENTING FORTIS OPERATING SYSTEM B has access to different raw materials that support its quality maintenance of product offerings. The access to raw materials for the IMPLEMENTING FORTIS OPERATING SYSTEM B is largely based on the company’s unique position and its investments in research and development. Both of these have allowed the IMPLEMENTING FORTIS OPERATING SYSTEM B to substantially develop its capabilities (Buchanan & Huczynski, 2019).
Equipment
The IMPLEMENTING FORTIS OPERATING SYSTEM B has access to world-class equipment. This equipment and technology is not readily and easily available to its competing players. The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B to sustain its creativity and successfully continue to experiment with new product ideas (Chernev, 2018).
Patents
The IMPLEMENTING FORTIS OPERATING SYSTEM B has different patents registered under its name. This is done by the IMPLEMENTING FORTIS OPERATING SYSTEM B to safeguard its innovative capacities, and maintain regulated intellectual property rights. This helps the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B is also successfully engaging with, and producing eco-based packaging. This resource is important for the IMPLEMENTING FORTIS OPERATING SYSTEM B, 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B. IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B, 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 IMPLEMENTING FORTIS OPERATING SYSTEM B – developed through the IMPLEMENTING FORTIS OPERATING SYSTEM B’s core values and beliefs, as well as its structure and managing style. The culture of the IMPLEMENTING FORTIS OPERATING SYSTEM B leads to improved employee performance, and facilitates organizational success (Abbas, 2017).
HRM policies and activities
The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B (Mariappanadar, 2019).
Compensation Framework
The IMPLEMENTING FORTIS OPERATING SYSTEM B also has a unique compensation system to support internal activities and functions. The compensation system is rooted in employee motivation and needs. The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B has developed strong brand equity over time. The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B (Kotler & Keller, 2021).
Brand loyalty
The IMPLEMENTING FORTIS OPERATING SYSTEM B has a high brand loyalty. Based on its offerings, quick customer service, and after-sales service, the IMPLEMENTING FORTIS OPERATING SYSTEM B has developed a high brand loyalty amongst customers. These customers conduct repeat purchases of the IMPLEMENTING FORTIS OPERATING SYSTEM B’s offerings and products because of higher satisfaction levels (Baines, Fill, & Rosengren, 2017).
Brand awareness
The marketing activities of the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B amongst not only its own target customers, but also amongst secondary groups (Sahaf, 2019).
Goodwill
IMPLEMENTING FORTIS OPERATING SYSTEM B has continually delivered on its promise, and has thus developed a positive brand perception. As a result of this, the IMPLEMENTING FORTIS OPERATING SYSTEM B has built positive goodwill over the years. This goodwill allows the IMPLEMENTING FORTIS OPERATING SYSTEM B to confidently launch new products in the market that consumers readily accept and consume (Grewal & Levy, 2021).
Innovation
The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B has a supportive leadership. The leadership style at IMPLEMENTING FORTIS OPERATING SYSTEM B is participative which encourages discussion, and creates trust and a positive work environment. In addition, the leadership at IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B display high levels of job satisfaction. This is because the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B, leading in turn to high levels of employee commitment (Mariappanadar, 2019).
Branding activities
The IMPLEMENTING FORTIS OPERATING SYSTEM B invests in branding activities for building its brand as well as a positive consumer perception. These branding activities for the IMPLEMENTING FORTIS OPERATING SYSTEM B involve not only the marketing communications, but also the development of a suitable marketing mix for the company. The branding activities help the IMPLEMENTING FORTIS OPERATING SYSTEM B increase brand awareness, as well as increase its reach and penetration amongst the target audience (Iacobucci, 2021).
Organized
The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B is. The factor also reviews how the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B is able to capitalize on the various internal and external opportunities is through the development of its physical infrastructure. The infrastructure of the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B to improve its production and efficiency rates as well as reduce its errors. The technological infrastructure also led the IMPLEMENTING FORTIS OPERATING SYSTEM B to benefit from potential advancements such as social media marketing and e-commerce (DuBrin, 2013).
Network support
The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B to realize its strategic goals (Phillips & Moutinho, 2018).
Training and development
As the IMPLEMENTING FORTIS OPERATING SYSTEM B is exposed to new resources and builds on old resources, it is important to update the skills of the employees. The IMPLEMENTING FORTIS OPERATING SYSTEM B continually invests in the training and development of its labor force. This ensures that the IMPLEMENTING FORTIS OPERATING SYSTEM B stays ahead of the competition.
The IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B also enables increased sharing of knowledge across borders. This knowledge sharing and knowledge development allows continuous learning internally for the IMPLEMENTING FORTIS OPERATING SYSTEM B. This learning then helps the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B is largely supportive and ensures the development of the management team and the employees. The support of the leadership within the IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B 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 IMPLEMENTING FORTIS OPERATING SYSTEM B to identify various resources which can lead to different forms of competitive advantages. The VRIO assessment and model allows the IMPLEMENTING FORTIS OPERATING SYSTEM B to identify resources that can be used for developing sustainable competitive advantage over the long term as well as allows the IMPLEMENTING FORTIS OPERATING SYSTEM B 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:
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