Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
Fern Fort University
Polaris Industries 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 Polaris Industries to do better resource allocation and build a defensible value and supply chain.
Order a Polaris Industries VRIO / VRIN Analysis now
What is a Valuable Resource for Polaris Industries? Defining Valuable in VRIO
A resource or capability is considered valuable for Polaris Industries , if it allows the
Polaris Industries to exploit opportunities or negate threats
emerging out of both the micro business environment and the macro environment. If a resource does not allow Polaris Industries to minimize threats or exploit opportunities, than it doesn't contribute signficantly to building a sustainable competitive advantage for Polaris Industries.
What are Rare Resources for Polaris Industries? Defining Rare in VRIO
In an industry that Polaris Industries operates in, valuable resources are held by number of competitors. So valuable resources themselves don’t provide a sustainable competitive advantage. Polaris Industries require rare resources to compete in the industry. If Polaris Industries don’t have rare resources that are required to succeed in the industry then Polaris Industries won’t be able to compete successfully in the marketplace. Secondly holding rare resources can provide Polaris Industries competitive advantage against players that don’t have those rare resources. HBR Case Study Solution
What is a Inimitable (Difficult to Immitate) Resource for Polaris Industries? Defining Inimitable in VRIO
A valuable and rare resource can provide a competitive advantage to Polaris Industries 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. Polaris Industries 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 Polaris Industries
What is a Organization for Polaris Industries? Defining Organization in VRIO
Even if the Polaris Industries 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 Polaris Industries 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 |
---|---|---|---|---|---|
Financial Resources of Polaris Industries | Yes | No | Financial instruments and market liquidity are available to all the nearest competitors | Polaris Industries has reasonably sound financial position | Polaris Industries has relatively sustainable Competitive Advantage |
Talent to Manage Regulatory and Legal Obligations | Yes | No | Can be imitated by competitors | Yes | Not critical factor |
Opportunities in the E-Commerce Space for Polaris Industries - using Present IT Capabilities | Yes, the e-commerce space is rapidly growing and Polaris Industries 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 |
Brand awareness of Polaris Industries products and services | Yes, the brand awareness of Polaris Industries products are high | Yes, Polaris Industries has one of the leading brand in the industry | No | Polaris Industries has utilized its leading brand position in various segments | Sustainable Competitive Advantage |
Global and Local Presence of Polaris Industries | Yes, as it diversify the revenue streams and isolate company's balance sheet from economic cycles | Yes | Can be imitated by competitors of Polaris Industries but at a relatively high cost | Yes, it is one of the most diversified companies in its industry | Providing Strong Competitive Advantage |
Pricing Strategies of Polaris Industries | Yes, Polaris Industries has sound pricing strategies | No | Pricing strategies are regularly imitated in the industry | Yes, firm has a pricing analytics engine | It can only provide Polaris Industries with a Temporary Competitive Advantage |
Sales Force and Channel Management of Polaris Industries | Yes | No | Can be imitated by competitors | Still there is lot of potential to utilize the excellent sales force | Can provide Polaris Industries sustainable competitive advantage. Potential is certainly there. |
Product Portfolio and Synergy among Various Product Lines of Polaris Industries | 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 |
Alignment of Activities with Polaris Industries 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 |
Opportunities in the Adjacent Industries that Polaris Industries 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 |
Ability to Attract Talent in Various Local & Global Markets | Yes, Polaris Industries 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 Polaris Industries | To a large extent yes | Providing Strong Competitive Advantage |
Customer Community of Polaris Industries | Yes, as customers are co-creating products | Yes, the Polaris Industries has able to build a special relationship with its customers | It is very difficult for Polaris Industries competitors to imitate the culture and community dedication | Going by the data, there is still a lot of upside in building on Polaris Industries customers community ecosystem | Providing Strong Competitive Advantage |
Track Record of Leadership Team at Polaris Industries | Yes | Yes | Can't be imitated by competitors | Yes | Providing Strong Competitive Advantage |
Vision of the Leadership for Next Set of Challenges | Yes | No | Can't be imitated by competitors of Polaris Industries | Not based on information provided in the case | Can Lead to Strong Competitive Advantage |
Polaris Industries 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
- Zoetis VRIO / VRIN Analysis
- American Tower VRIO / VRIN Analysis
- Liberty Media VRIO / VRIN Analysis
- Adobe Systems VRIO / VRIN Analysis
- Ascena Retail Group VRIO / VRIN Analysis
Next 5 VRIO / VRIN Analysis
- Intercontinental Exchange VRIO / VRIN Analysis
- Quad/Graphics VRIO / VRIN Analysis
- AmTrust Financial Services VRIO / VRIN Analysis
- Activision Blizzard VRIO / VRIN Analysis
- Fortune Brands Home & Security VRIO / VRIN Analysis