Outline7_VRIO updated Feb 6 (1)

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University of Montana *

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May 6, 2024

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Writing Outline: VRIO 1 Fill out the boxes below. 1. How are your assigned company’s value chain functions connected financially, culturally, and technologically? (AI prompt: How are Crocs'/Nike Shoes’ value chain functions connected financially, culturally, and technologically?) Dependency on Single Material (Croslite ™ ): Value: - While Croslite ™ provides benefits, overreliance on a single material poses risks in terms of supply chain disruptions and limited product diversification. Rarity: - Dependency on a single material is not rare in the footwear industry, as many competitors also rely on proprietary materials or unique technologies. Imitability: - Competitors can develop alternative materials or technologies that offer similar benefits, reducing the uniqueness of Crocs' reliance on Croslite ™ . Organization: - Crocs needs to diversify its material sourcing and invest in research and development to mitigate the risk associated with overreliance on Croslite ™ . NO COMPETITOR NOTES NEEDED.
Writing Outline: VRIO 2 2. Find an image that reflects the most important products or resources of your assigned company. Copy-paste the picture below.
Writing Outline: VRIO 3 3. TABLE: Create a table with 3 columns: • Column 1: List your assigned companies 8 most important resources. • Column 2: Label the 8 resources as a strength or weaknesses. • Column 3: Label each one as an “disadvantage”, “parity”, “temporary advantage”, or “sustainable advantage.” ( AI prompt: Give the 4 most important strengths of Crocs/Nike Shoes and the 4 most important weaknesses.) Resource Strength/Weakness Advantage Type Brand Recognition Strength Sustainable Advantage Proprietary Croslite Material Strength Sustainable Advantage Global Distribution Network Strength Temporary Advantage Diverse Product Line Strength Parity Fashion Perception Weakness Disadvantage Limited High-Performance Products Range Weakness Disadvantage Sensitivity to Price Among Customers Weakness Temporary Advantage Depending on Casual Footwear Market Weakness Parity
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