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M&T Bank Corp. 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 M&T Bank Corp. to do better resource allocation and build a defensible value and supply chain.
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What is a Valuable Resource for M&T Bank Corp.? Defining Valuable in VRIO
A resource or capability is considered valuable for M&T Bank Corp. , if it allows the
M&T Bank Corp. to exploit opportunities or negate threats
emerging out of both the micro business environment and the macro environment. If a resource does not allow M&T Bank Corp. to minimize threats or exploit opportunities, than it doesn't contribute signficantly to building a sustainable competitive advantage for M&T Bank Corp..
What are Rare Resources for M&T Bank Corp.? Defining Rare in VRIO
In an industry that M&T Bank Corp. operates in, valuable resources are held by number of competitors. So valuable resources themselves don’t provide a sustainable competitive advantage. M&T Bank Corp. require rare resources to compete in the industry. If M&T Bank Corp. don’t have rare resources that are required to succeed in the industry then M&T Bank Corp. won’t be able to compete successfully in the marketplace. Secondly holding rare resources can provide M&T Bank Corp. competitive advantage against players that don’t have those rare resources. HBR Case Study Solution
What is a Inimitable (Difficult to Immitate) Resource for M&T Bank Corp.? Defining Inimitable in VRIO
A valuable and rare resource can provide a competitive advantage to M&T Bank Corp. 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. M&T Bank Corp. 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 M&T Bank Corp.
What is a Organization for M&T Bank Corp.? Defining Organization in VRIO
Even if the M&T Bank Corp. 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 M&T Bank Corp. 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 |
---|---|---|---|---|---|
Talent to Manage Regulatory and Legal Obligations | Yes | No | Can be imitated by competitors | Yes | Not critical factor |
Brand awareness of M&T Bank Corp. products and services | Yes, the brand awareness of M&T Bank Corp. products are high | Yes, M&T Bank Corp. has one of the leading brand in the industry | No | M&T Bank Corp. has utilized its leading brand position in various segments | Sustainable Competitive Advantage |
Opportunities in the E-Commerce Space for M&T Bank Corp. - using Present IT Capabilities | Yes, the e-commerce space is rapidly growing and M&T Bank Corp. 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 |
Track Record of Leadership Team at M&T Bank Corp. | Yes | Yes | Can't be imitated by competitors | Yes | Providing Strong Competitive Advantage |
M&T Bank Corp. Customer Network and Loyalty | Yes, 23% of the customers contribute to more than 84% of the sales revenue | Yes, firm has invested to build a strong customer loyalty | Has been tried by competitors but none of them are as successful as M&T Bank Corp. | M&T Bank Corp. is leveraging the customer loyalty to good effect | Provide M&T Bank Corp. medium term competitive advantage |
Product Portfolio and Synergy among Various Product Lines of M&T Bank Corp. | 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 |
Global and Local Presence of M&T Bank Corp. | Yes, as it diversify the revenue streams and isolate company's balance sheet from economic cycles | Yes | Can be imitated by competitors of M&T Bank Corp. but at a relatively high cost | Yes, it is one of the most diversified companies in its industry | Providing Strong Competitive Advantage |
Access to Critical Raw Material for Successful Execution | Yes | Yes, as other competitors have to come to terms with M&T Bank Corp. dominant market position | Can be imitated by competitors | Yes | Providing Sustainable Competitive Advantage |
Opportunities in the Adjacent Industries that M&T Bank Corp. 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 |
Pricing Strategies of M&T Bank Corp. | Yes, M&T Bank Corp. has sound pricing strategies | No | Pricing strategies are regularly imitated in the industry | Yes, firm has a pricing analytics engine | It can only provide M&T Bank Corp. with a Temporary Competitive Advantage |
Distribution and Logistics Costs Competitiveness | Yes, as it helps M&T Bank Corp. in delivering lower costs | No | Can be imitated by competitors of M&T Bank Corp. but it is difficult | Yes | Medium to Long Term Competitive Advantage |
Ability to Attract Talent in Various Local & Global Markets | Yes, M&T Bank Corp. 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 M&T Bank Corp. | To a large extent yes | Providing Strong Competitive Advantage |
Position among Retailers and Wholesalers – M&T Bank Corp. retail strategy | Yes, M&T Bank Corp. has strong relationship with retailers and wholesalers | Yes, M&T Bank Corp. has dedicated channel partners | Difficult to imitate though not impossible | Yes, over the years company has used it successfully | Sustainable Competitive Advantage |
Successful Implementation of Digital Strategy at M&T Bank Corp. | 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 |
M&T Bank Corp. 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
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