Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
Fern Fort University
Ingles Markets 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 Ingles Markets to do better resource allocation and build a defensible value and supply chain.
Order a Ingles Markets VRIO / VRIN Analysis now
What is a Valuable Resource for Ingles Markets? Defining Valuable in VRIO
A resource or capability is considered valuable for Ingles Markets , if it allows the
Ingles Markets to exploit opportunities or negate threats
emerging out of both the micro business environment and the macro environment. If a resource does not allow Ingles Markets to minimize threats or exploit opportunities, than it doesn't contribute signficantly to building a sustainable competitive advantage for Ingles Markets.
What are Rare Resources for Ingles Markets? Defining Rare in VRIO
In an industry that Ingles Markets operates in, valuable resources are held by number of competitors. So valuable resources themselves don’t provide a sustainable competitive advantage. Ingles Markets require rare resources to compete in the industry. If Ingles Markets don’t have rare resources that are required to succeed in the industry then Ingles Markets won’t be able to compete successfully in the marketplace. Secondly holding rare resources can provide Ingles Markets competitive advantage against players that don’t have those rare resources. HBR Case Study Solution
What is a Inimitable (Difficult to Immitate) Resource for Ingles Markets? Defining Inimitable in VRIO
A valuable and rare resource can provide a competitive advantage to Ingles Markets 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. Ingles Markets 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 Ingles Markets
What is a Organization for Ingles Markets? Defining Organization in VRIO
Even if the Ingles Markets 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 Ingles Markets 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 |
---|---|---|---|---|---|
Track Record of Project Execution | Yes, especially in an industry where there are frequent cost overun | Yes, especially in the segment that Ingles Markets operates in | No, none of the competitors so far has able to imitate this expertise | Yes, Ingles Markets is successful at it | Providing Strong Competitive Advantage |
Access to Cheap Capital for Ingles Markets | Yes, as a leading player in the industry and current macro economic conditions, Ingles Markets has access to cheap capital | No | Can be imitated by the competitors of Ingles Markets | Not been totally exploited | Not significant in creating competitive advantage |
Ability to Attract Talent in Various Local & Global Markets | Yes, Ingles Markets 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 Ingles Markets | To a large extent yes | Providing Strong Competitive Advantage |
Marketing Expertise within Ingles Markets | Yes, firms are competing based on differentiation in the industry | No, as most of the competitors also have good marketing departments and expertise | Pricing strategies of Ingles Markets are often matched by competitors | Yes, Ingles Markets is leveraging both its inhouse marketing department and external expertise | Temporary Competitive Advantage |
Sales Force and Channel Management of Ingles Markets | Yes | No | Can be imitated by competitors | Still there is lot of potential to utilize the excellent sales force | Can provide Ingles Markets sustainable competitive advantage. Potential is certainly there. |
Financial Resources of Ingles Markets | Yes | No | Financial instruments and market liquidity are available to all the nearest competitors | Ingles Markets has reasonably sound financial position | Ingles Markets has relatively sustainable Competitive Advantage |
Brand Positioning of Ingles Markets in Comparison to the Competitors | Yes | No | Can be imitated by competitors but it will require big marketing budget | Yes, the firm has positioned its brands based on consumer behavior | Temporary Competitive Advantage |
Position among Retailers and Wholesalers – Ingles Markets retail strategy | Yes, Ingles Markets has strong relationship with retailers and wholesalers | Yes, Ingles Markets has dedicated channel partners | Difficult to imitate though not impossible | Yes, over the years company has used it successfully | Sustainable Competitive Advantage |
Talent to Manage Regulatory and Legal Obligations | Yes | No | Can be imitated by competitors | Yes | Not critical factor |
Successful Implementation of Digital Strategy at Ingles Markets | 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 |
Vision of the Leadership for Next Set of Challenges | Yes | No | Can't be imitated by competitors of Ingles Markets | Not based on information provided in the case | Can Lead to Strong Competitive Advantage |
Customer Community of Ingles Markets | Yes, as customers are co-creating products | Yes, the Ingles Markets has able to build a special relationship with its customers | It is very difficult for Ingles Markets competitors to imitate the culture and community dedication | Going by the data, there is still a lot of upside in building on Ingles Markets customers community ecosystem | Providing Strong Competitive Advantage |
Pricing Strategies of Ingles Markets | Yes, Ingles Markets has sound pricing strategies | No | Pricing strategies are regularly imitated in the industry | Yes, firm has a pricing analytics engine | It can only provide Ingles Markets with a Temporary Competitive Advantage |
Opportunities in the E-Commerce Space for Ingles Markets - using Present IT Capabilities | Yes, the e-commerce space is rapidly growing and Ingles Markets 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 |
Ingles Markets 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
- Axiall VRIO / VRIN Analysis
- CommScope Holding VRIO / VRIN Analysis
- CNO Financial Group VRIO / VRIN Analysis
- Sally Beauty Holdings VRIO / VRIN Analysis
- Welltower VRIO / VRIN Analysis
Next 5 VRIO / VRIN Analysis
- Flowers Foods VRIO / VRIN Analysis
- USG VRIO / VRIN Analysis
- Silgan Holdings VRIO / VRIN Analysis
- Select Medical Holdings VRIO / VRIN Analysis
- Crown Castle International VRIO / VRIN Analysis