Resources refers to tangible and intangible assets organizations use to develop and implement their strategies. An organization’s resources can include many aspects of the organization for example, physical, financial assets, individual, IT, partnerships, relationships and organizational capital (Lewis & Kipley, 2012, para 2). An organization’s critical resources refer to those assets within the sphere of organization’s critical information and infrastructure (Maloor, 2012). To assess the capabilities of an organization, it is important to understand the factors that contribute to the organization’s ability to meet and accomplish its MVGO’s. Deficiencies in critical resources can greatly influence the organization’s ability to accomplish …show more content…
This model provides fundamental principles in developing effective strategies and organizational goals. The resource-based approach for the VA is a strategy that improves the efficiency and overall operation of the organization. Mismanagement of resources can have a negative impact on performance and reduce the efficiency of the organization. The resource dependency theory refers to a principle that an organization must engage in transactions with other organizations in order to acquire the necessary resources (Shook, Adams, Ketchen, & Craighead, 2009). The resource dependency theory requires the adaptation of organizational elements to align with external ones. This theory relates to the VA in the sense of having to rely on external care facilities and private sector operatives to aid in caring for veterans. As it currently stands, the VA alone is not capable of providing quality care to the 18.8 million veterans and family members that requires health care on a daily basis. Instead, they rely on external organizations to aid in bridging the gap for services that they cannot provide. The resource dependency theory requires the bridging and coordination of two operational strategies. Additionally, bridging gaps reduces competition uncertainties that organizations may experience (Shook, Adams, Ketchen, & …show more content…
The VRIN framework characterizes resources into four resources; they are valuable, rare, inimitable, and nonsubstituable. Valuable resources refer to the assets that bring value to the organization and can be a source of competitive advantage. Rare resources refer to the assets that are in high demand and the demand exceeds the supply (Shook, Adams, Ketchen, & Craighead, 2009). Inimitable refers to the resources that are unique to the organization and is difficult to replicate by competitors. Non-substitutable resources refer to types of resources that cannot be functional substitutes (VRIN Framework, 2018). A valuable resource for the VA is the workforce and human resources. Some rare resources for the VA are inter-organizational relationships and fiscal resources. One inimitable resources of the VA is information resource that comes from the veteran’s military experience. One non-substitutable resource of this organization is its physical infrastructure. These resources are a valuable part of the VA. If this organization was in a space where competitive advantage was necessary it would be advantageous. However, since the VA is a unique government entity, these resources only improve the organization’s operational efficiency and make it easier for them to accomplish their
The military’s deceptive authority on the treatment of wounded veterans carries little evidential weight. Therefore, the logo of the Wounded Warrior Project carries less credibility than originally presumed, and the effect of the image becomes less effective on each advertisement by the
Introduction The Department of Veteran Affairs (VA), in accordance with the Government Performance Results Act (GPRA) of 2010, in partnership with the Office of Management and Budget (OMB) has committed to making the VA performance more transparent and accessible. In order to achieve the strategic goals, objectives of the VA and the nested goals of Veterans Benefits Administration (VBA), the Undersecretary for Benefits (USB) has directed implementation of an initiative with the goal of eliminating the use of the current End Product (EP) code system as a method of tracking the workload within VBA. Business Case Currently, VBA Manual 21-4, dated July 24, 2015 prescribes the use of an End Product (EP) system to facilitate accurate control
That’s why it makes perfect sense to expand and reconstruct the Department of Veteran Affairs (VA) to undertake such a massive service. Veterans don’t deserve to be treated like this, the forgotten hero’s, now the homeless, and the starving.
A common view of politicians about Veterans Affairs and the money tied up in it is that the United States has put too much money into the well-being of veterans coming home from war. The United States is already in a spiralling debt crisis and currently the United States does not need any more debt on the shoulders of Americans. According to Forbes, “the federal government has accumulated $18.2 trillion of debt” (Patton). If the United States were to invest more money into Veteran Affairs, that would mean that money would have to be cut from other programs in the budget to prevent even more national debt. If money were to not be cut from other programs, the national debt would drastically increase or taxes would skyrocket.
The VA needs to change the way it deals with Veterans and their bout with homelessness, consistent and worthwhile employment, and mental
Strengths, Weaknesses, Opportunities, and Threat (SWOT) Analysis VA’s strengths and weaknesses are built based on the Value Chain assessment and SWOT analysis from the Department of Veteran Affairs FY 2011-2015 and FY 2014-2020 Strategic Plans. The Environmental Scanning was conducted and discussed relative to VA’s competition…, as well as its strengths and weaknesses. In doing so, this analysis starts with the identified the strengths and weaknesses in the following graphs. VA strengths: Service Delivery
Our Warriors Today there is an outrage in our Veteran community of how terrible the United States Department of Veterans Affairs and their lack of caring and funding for our heroes. In this paper I will give facts on how terrible this problem really is, whether it is our homeless Veterans, Veterans who die waiting for help from the VA because they cannot afford other healthcare, or the horrid waiting times in order to get any help.
Resources and Capabilities VRIO Framework V R I O Competitive Implication Strong corporate culture + + + + Sustainable competitive advantage Strong investment in R&D + + + + Temporary competitive advantage Outstanding customer service + + + + Sustainable competitive advantage
We believe our purpose statement will help motivate our employees and help to provide trust amongst our employees as the statement informs them that we are committed to their safety and wellbeing. Strategic changes must be implemented to ensure that the Human Resources Department does its part to ensure that the company’s goal of doubling sales in the next fiscal year is reached. In order to fulfill The Atha Corporation’s restructuring needs the human resources functional area goal is to: hire and train employees, reconfigure company policies, and distribute new job responsibilities. Implementing new human resource policies and practices will allow new and old employees to show understanding of the department 's vision, mission, values; and a strong commitment to our company (Guide, 1996). The consolidation and reorganization of the Human Resources department is sure to display The Atha Corporation’s greatest asset: human capital.
These important resources are assets of a business that supports their companies in production and transportation.
Valuable Rare Costly to imitate Exploited by organization Competitive implication Yes Yes Yes Yes Sustainable Competitive Advantage Value Chain- Primary Activities Support Activities Inbound Logistics: • Locally purchase raw materials in bulk (Low
In the wake of achieving sustainability, the difficulties that lie ahead for Skillshare would be undertaking to remains competitive as far as services development and finding another request champion which would put them in front of their rivals. 7.3 Intellectual Property Issues A firm’s intellectual property comprises of intangible assets, which are considered the most significant to them. These assets will furnish a business with an upper hand in the business sector. The loss of its intangible assets could be just as unreasonable as a vanished physical property of a firm.
The model of the Five Competitive Forces, developed by Michael E. Porter, is based on corporate strategy, industry structure and the way they change. Porter has identified five competitive forces that shape every industry and every market and they determine the intensity of competition and hence the profitability and attractiveness of an industry. We further look into how the strategy and industry structure is placed in the field of healthcare and hospitals and analyze the attractiveness of the overall industry. 2.2 Rivalry among competitors Industry Rivalry is one of the 5 forces used to determine the intensity of competition in the industry. Competition in health care is the potential to provide with a mechanism to reduce cost and hence accessible
Within the global economic order, theories and concepts are not always enough to change prevailing ideas or actions of greater states. However, there are examples of instances which the theory and action which resulted from that concept, were enough to change global economic governance. One such example is the changes to the intellectual property right legislation, which has drastically impacted the developing worlds access to medicine. However, on the other hand, dependency theory and its effect on the new global world order, stands in stark contrast. This research shall examine the concept of dependency theory, the impact or lack of impact it had on the idea of the new economic world order, the change to intellectual property rights and the
However, at the evaluation the unique resources and competencies are capable to deliver the value proposition of the company. It is much difficult in identifying the recognizing driven business capabilities in terms of attaining competitive advantage. The VRIO model is used analyze firm’s internal resources and capabilities to find out if they can be a source of sustained competitive