On Assignment 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 On Assignment to do better resource allocation and build a defensible value and supply chain.

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What is a Valuable Resource for On Assignment? Defining Valuable in VRIO

A resource or capability is considered valuable for On Assignment , if it allows the On Assignment to exploit opportunities or negate threats emerging out of both the micro business environment and the macro environment. If a resource does not allow On Assignment to minimize threats or exploit opportunities, than it doesn't contribute signficantly to building a sustainable competitive advantage for On Assignment.

What are Rare Resources for On Assignment? Defining Rare in VRIO

In an industry that On Assignment operates in, valuable resources are held by number of competitors. So valuable resources themselves don’t provide a sustainable competitive advantage. On Assignment require rare resources to compete in the industry. If On Assignment don’t have rare resources that are required to succeed in the industry then On Assignment won’t be able to compete successfully in the marketplace. Secondly holding rare resources can provide On Assignment competitive advantage against players that don’t have those rare resources. HBR Case Study Solution

What is a Inimitable (Difficult to Immitate) Resource for On Assignment? Defining Inimitable in VRIO

A valuable and rare resource can provide a competitive advantage to On Assignment 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. On Assignment 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 On Assignment

What is a Organization for On Assignment? Defining Organization in VRIO

Even if the On Assignment 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 On Assignment 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
Access to Cheap Capital for On Assignment	Yes, as a leading player in the industry and current macro economic conditions, On Assignment has access to cheap capital	No	Can be imitated by the competitors of On Assignment	Not been totally exploited	Not significant in creating competitive advantage
Brand Positioning of On Assignment 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
Access to Critical Raw Material for Successful Execution	Yes	Yes, as other competitors have to come to terms with On Assignment dominant market position	Can be imitated by competitors	Yes	Providing Sustainable Competitive Advantage
Position among Retailers and Wholesalers – On Assignment retail strategy	Yes, On Assignment has strong relationship with retailers and wholesalers	Yes, On Assignment has dedicated channel partners	Difficult to imitate though not impossible	Yes, over the years company has used it successfully	Sustainable Competitive Advantage
Financial Resources of On Assignment	Yes	No	Financial instruments and market liquidity are available to all the nearest competitors	On Assignment has reasonably sound financial position	On Assignment has relatively sustainable Competitive Advantage
Ability to Attract Talent in Various Local & Global Markets	Yes, On Assignment 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 On Assignment	To a large extent yes	Providing Strong Competitive Advantage
Alignment of Activities with On Assignment 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 E-Commerce Space for On Assignment - using Present IT Capabilities	Yes, the e-commerce space is rapidly growing and On Assignment 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
Pricing Strategies of On Assignment	Yes, On Assignment has sound pricing strategies	No	Pricing strategies are regularly imitated in the industry	Yes, firm has a pricing analytics engine	It can only provide On Assignment with a Temporary Competitive Advantage
Successful Implementation of Digital Strategy at On Assignment	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 On Assignment	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
Track Record of Project Execution	Yes, especially in an industry where there are frequent cost overun	Yes, especially in the segment that On Assignment operates in	No, none of the competitors so far has able to imitate this expertise	Yes, On Assignment is successful at it	Providing Strong Competitive Advantage
Marketing Expertise within On Assignment	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 On Assignment are often matched by competitors	Yes, On Assignment is leveraging both its inhouse marketing department and external expertise	Temporary Competitive Advantage

On Assignment 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