Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
Fern Fort University
TD VRIO / VRIN Analysis | Assignment Help
What is VRIO / VRIN Analysis ?
VRIO stands for – Value of the resource, Rareness of the resource, Imitation Risk, and Organizational Competence.
VRIO is a resource focused strategic analysis tool.
To build a sustainable competitive advantage the resources that –casename— needs to be valuable, rare, and difficult to imitate. Secondly the –casename— needs to possess capabilities, organizational structure, and culture to optimize the available resources usage. VRIO analysis can help organizations such as TD to do better resource allocation and build a defensible value and supply chain.
Order a TD VRIO / VRIN Analysis now
What is a Valuable Resource for TD? Defining Valuable in VRIO
A resource or capability is considered valuable for TD , if it allows the
TD to exploit opportunities or negate threats
emerging out of both the micro business environment and the macro environment. If a resource does not allow TD to minimize threats or exploit opportunities, than it doesn't contribute signficantly to building a sustainable competitive advantage for TD.
What are Rare Resources for TD? Defining Rare in VRIO
In an industry that TD operates in, valuable resources are held by number of competitors. So valuable resources themselves don’t provide a sustainable competitive advantage. TD require rare resources to compete in the industry. If TD don’t have rare resources that are required to succeed in the industry then TD won’t be able to compete successfully in the marketplace. Secondly holding rare resources can provide TD competitive advantage against players that don’t have those rare resources. HBR Case Study Solution
What is a Inimitable (Difficult to Immitate) Resource for TD? Defining Inimitable in VRIO
A valuable and rare resource can provide a competitive advantage to TD for certain period of time as all the competitors are going to try to imitate or replicate that resource. A sustained competitive advantage emerges, if the resource is difficult to imitate by the competitors. TD can create inmitability by innovating on the product side, reducing pain points on service delivery, and having an effective post sales servicing strategy.
Check out the SWOT analysis of TD
What is a Organization for TD? Defining Organization in VRIO
Even if the TD has all the valuable resources that are both rare and difficult to imitate, it won’t automatically result into a sustainable competitive advantage. The key to build the sustainable competitive advantage is to have organizational capabilities, expertise, and structure to exploit the resources. If TD is not organized based on its strengths then it won’t able to exploit all the resources that it possesses.
Resources | Value | Rare | Imitation | Organization | Competitive Advantage |
---|---|---|---|---|---|
Vision of the Leadership for Next Set of Challenges | Yes | No | Can't be imitated by competitors of TD | Not based on information provided in the case | Can Lead to Strong Competitive Advantage |
Pricing Strategies of TD | Yes, TD has sound pricing strategies | No | Pricing strategies are regularly imitated in the industry | Yes, firm has a pricing analytics engine | It can only provide TD with a Temporary Competitive Advantage |
Financial Resources of TD | Yes | No | Financial instruments and market liquidity are available to all the nearest competitors | TD has reasonably sound financial position | TD has relatively sustainable Competitive Advantage |
Opportunities in the Adjacent Industries that TD can exploit & New Resources Required to Enter those Industries | Can be valuable as they will create new revenue streams | No | Can be imitated by competitors | All the capabilities of the organization are not fully utilized yet | Has potential |
Track Record of Project Execution | Yes, especially in an industry where there are frequent cost overun | Yes, especially in the segment that TD operates in | No, none of the competitors so far has able to imitate this expertise | Yes, TD is successful at it | Providing Strong Competitive Advantage |
Alignment of Activities with TD Corporate Strategy | Yes | No | Each of the firm has its own strategy | Yes, company has organizational skills to extract the maximum out of it. | Still lots of potential to build on it |
Brand awareness of TD products and services | Yes, the brand awareness of TD products are high | Yes, TD has one of the leading brand in the industry | No | TD has utilized its leading brand position in various segments | Sustainable Competitive Advantage |
Ability to Attract Talent in Various Local & Global Markets | Yes, TD strategy is built on successful innovation and localization of products | Yes, as talent is critical to firm's growth | Difficult to imitate for the current competitors of TD | To a large extent yes | Providing Strong Competitive Advantage |
Supply Chain Network Flexibility of TD | Yes | Yes | Near competitors also have flexible supply chain and share some of the suppliers | Fully utilized by TD organizational structure and capabilities | Keeps the business running |
Successful Implementation of Digital Strategy at TD | Yes, without a comprehensive digital strategy it is extremely difficult to compete | No, as most of the firms are investing into digitalizing operations | Can be imitated by competitors | One of the leading player in the industry | Digital strategy has become critical in the industry but it can't provide sustainable competitive advantage to |
Product Portfolio and Synergy among Various Product Lines of TD | Yes, it is valuable in the industry given the various segmentations & consumer preferences. | Most of the competitors are trying to enter the lucrative segments | Can be imitated by the competitors | The firm has used it to good effect, details can be found in case exhibit | Provide short term competitive advantage but requires constant innovation to sustain |
Opportunities in the E-Commerce Space for TD - using Present IT Capabilities | Yes, the e-commerce space is rapidly growing and TD can exploit the emerging opportunities | No, most of the competitors are investing in IT to enter the space | The AI and inhouse analytics can be difficult to imitate | It is just the start for the organization | In the long run it can provide sustainable competitive advantage |
Distribution and Logistics Costs Competitiveness | Yes, as it helps TD in delivering lower costs | No | Can be imitated by competitors of TD but it is difficult | Yes | Medium to Long Term Competitive Advantage |
Intellectual Property Rights, Copyrights, and Trademarks | Yes, they are extremely valuable for TD to thwart competition | Yes, IPR and other rights are rare and competition of TD will find it extremely difficult to copy | Risk of imitation is low but given the margins in the industry disruption chances are high | So far the firm has not utilized the full extent of its IPR & other properties | Providing Strong Competitive Advantage |
TD SWOT Analysis, SWOT Matrix, Weighted SWOT Case Study Solution & Analysis
Books and References
Ahir Gopaldas and Anton Siebert (2022 July August) "What You’re Getting Wrong About Customer Journeys",
Harvard Business Review , 92
Linda A. Hill, Emily Tedards, and Taran Swan (2021) "Drive Innovation with Better Decision-Making", Harvard Business Review 86
Dyer, J. H., & Hatch, N. (2004). Using Supplier Networks to Learn Faster. Sloan Management Review, 45(3), 57–63
Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17, 99–120
Dyer, J. H., Kale, P., & Singh, H. (2004, July–August). When to ally and when to acquire. Harvard Business Review, 109–115
MBA Admission help, MBA Assignment Help, MBA Case Study Help, Online Analytics Live Classes
Order Now
Previous VRIO / VRIN Analysis
- DHL VRIO / VRIN Analysis
- Dell VRIO / VRIN Analysis
- Audi VRIO / VRIN Analysis
- RBC VRIO / VRIN Analysis
- Tencent VRIO / VRIN Analysis
Next 5 VRIO / VRIN Analysis
- Nippon Life Insurance VRIO / VRIN Analysis
- Paypal VRIO / VRIN Analysis
- DirecTV VRIO / VRIN Analysis
- Ericsson VRIO / VRIN Analysis
- Carrefour VRIO / VRIN Analysis