- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
VRIO Analysis of The Container Store
Posted by Zachary Edwards on Mar-22-2018
The VRIO Analysis of The Container Store will look at each of its internal resources one by one to assess whether these provide sustained competitive advantage. The The Container Store VRIO Analysis also mentions at each stage whether these resources could be improved to provide a greater competitive advantage. Lastly, the resources analysed are summarised as to whether they offer sustained competitive advantage, has an unused competitive advantage, temporary competitive advantage, competitive parity or competitive disadvantage.
Valuable
- The The Container Store VRIO Analysis shows that the financial resources of The Container Store are highly valuable as these help in investing into external opportunities that arise. These also help The Container Store in combating external threats.
- According to the VRIO Analysis of The Container Store, its local food products are a valuable resource as these are highly differentiated. This makes the perceived value for these by customers high. These are also valued more than the competition by customers due to the differentiation in these products.
- The The Container Store VRIO Analysis shows that The Container Store's employees are a valuable resource to the firm. A significant portion of the workforce is highly trained, and this leads to more productive output for the organisation. The employees are also loyal, and retention levels for the organisation are high. All of this translates into greater value for the end consumers of The Container Store's products.
- According to the VRIO Analysis of The Container Store, its patents are a valuable resource as these allow the firm to sell its products without competitive interference. This results in greater revenue for The Container Store. These patents also provide The Container Store with licensing revenue when it licenses these patents out to other manufacturers.
- The The Container Store VRIO Analysis shows that The Container Store’s distribution network is a valuable resource. This helps it in reaching out to more and more customers. This ensures greater revenues for The Container Store. It also ensures that promotion activities translate into sales as the products are easily available.
- According to the VRIO Analysis of The Container Store, its cost structure is not a valuable resource. This is because the methods of production lead to greater costs than that of competition, which affects the overall profits of the firm. Therefore, its cost structure is a competitive disadvantage that needs to be worked on.
- The The Container Store VRIO Analysis shows that the research and development at The Container Store is not a valuable resource. This is because research and development are costing more than the benefits it provides in the form of innovation. There have been very few innovative features and breakthrough products in the past few years. Therefore, research and development are a competitive disadvantage for The Container Store. It is recommended that the research and development teams are improved, and costs are cut for these.
Rare
- The financial resources of The Container Store are found to be rare according to the VRIO Analysis of The Container Store. Strong financial resources are only possessed by a few companies in the industry.
- The local food products are found to be not rare as identified by The Container Store VRIO Analysis. These are easily provided in the market by other competitors. This means that competitors can use these resources in the same way as The Container Store and inhibit competitive advantage. This means that the local food products result in competitive parity for The Container Store. As this resource is valuable, The Container Store can still make use of this resource.
- The employees of The Container Store are a rare resource as identified by the VRIO Analysis of The Container Store. These employees are highly trained and skilled, which is not the case with employees in other firms. The better compensation and work environment ensure that these employees do not leave for other firms.
- The patents of The Container Store are a rare resource as identified by the The Container Store VRIO Analysis. These patents are not easily available and are not possessed by competitors. This allows The Container Store to use them without interference from the competition.
- The distribution network of The Container Store is a rare resource as identified by the VRIO Analysis of The Container Store. This is because competitors would require a lot of investment and time to come up with a better distribution network than that of The Container Store. These are also possessed by very few firms in the industry.
Imitable
- The financial resources of The Container Store are costly to imitate as identified by the The Container Store VRIO Analysis. These resources have been acquired by the company through prolonged profits over the years. New entrants and competitors would require similar profits for a long period of time to accumulate these amounts of financial resources.
- The local food products are not that costly to imitate as identified by the VRIO Analysis of The Container Store. These can be acquired by competitors as well if they invest a significant amount in research and development. These also do not require years long experience. Therefore, the local food products by The Container Store provide it with a temporary competitive advantage that competitors can too acquire in the long run.
- The employees of The Container Store are also not costly to imitate as identified by the The Container Store VRIO Analysis. This is because other firms can also train their employees to improve their skills. These companies can also hire employees from The Container Store by offering better compensation packages, work environment, benefits, growth opportunities etc. This makes the employees of The Container Store a resource that provides a temporary competitive advantage. Competition can acquire these in the future.
- The patents of The Container Store are very difficult to imitate as identified by the VRIO Analysis of The Container Store. This is because it is not legally allowed to imitate a patented product. Similar resources to be developed and getting a patent for them is also a costly process.
- The distribution network of The Container Store is also very costly to imitate by competition as identified by the The Container Store VRIO Analysis. This has been developed over the years gradually by The Container Store. Competitors would have to invest a significant amount if they are to imitate a similar distribution system.
Organisation
- The financial resources of The Container Store are organised to capture value as identified by the VRIO Analysis of The Container Store. These resources are used strategically to invest in the right places; making use of opportunities and combatting threats. Therefore, these resources prove to be a source of sustained competitive advantage for The Container Store.
- The Patents of The Container Store are not well organised as identified by the The Container Store VRIO Analysis. This means that the organisation is not using these patents to their full potential. An unused competitive advantage exists that can be changed into a sustainable competitive advantage if The Container Store starts selling patented products before the patents expire.
- The distribution network of The Container Store is organised as identified by the VRIO Analysis of The Container Store. The Container Store uses this network to reach out to its customers by ensuring that products are available on all of its outlets. Therefore, these resources prove to be a source of sustained competitive advantage for The Container Store.
From the VRIO Analysis of The Container Store, it was identified that the financial resources and distribution network provide a sustained competitive advantage. The patents are a source of unused competitive advantage. There exists a temporary competitive advantage for employees. There exists a competitive parity for local food products. Lastly, the cost structure of The Container Store is a competitive disadvantage. Research and Development is also a competitive disadvantage.
Warning! This article is only an example and cannot be used for research or reference purposes. If you need help with something similar, please submit your details here.
Boby Pot
5.0
I’m still reading the paper and was surprised because it’s perfect. Is this believable that a timely and valid paper? I think 'no' but really, I checked is and found no issue.
Hydden Daniel
5.0
There was no way but to hire this service. Only this service because its prices are appropriate. You guys are amazing!
Son Khanh
5.0
No regret to choose this service, all the citations were right and meticulous. Thankful!
Zoli Fiagan
5.0
I was scared that the expert would not follow the specifications. The project was all right, though. I'll be with you guys, the college life throughout.
Next Articles
- Me To We: A Social Enterprise And Its Future Growth Vrio Analysis
- Macy's Reinvents Its Millennial Business Vrio Analysis
- Patagonia's Sustainability Strategy: Don't Buy Our Products Vrio Analysis
- Chalhoub Group: A Luxury Success Story In The Middle East Vrio Analysis
- Fashion2Go: Just Another Fashion E Tailer? Vrio Analysis
- Corruption In Russia: IKEA's Expansion To The East (D) Vrio Analysis
- Baggout: Growing A Social Curation Start Up Vrio Analysis
- Bad Behavior And Conflict In Retailing Spaces: Nine Suggestions To Ease Tensions Vrio Analysis
- Greening Walmart: Progress And Controversy Vrio Analysis
- Banchuria And Balonia (B) Vrio Analysis
Previous Articles
- Corruption In Russia: IKEA's Expansion To The East (B) Vrio Analysis
- Corruption In Russia: IKEA's Expansion To The East (A) Vrio Analysis
- Autopsy Of A Data Breach: The Target Case Vrio Analysis
- Amazon As An Employer Vrio Analysis
- TwinHills Centro: Social Return On Investment Vrio Analysis
- To Mumbai With Love: Exiting The Family Firm Vrio Analysis
- Convene: Getting Ready For Growth Vrio Analysis
- Gravity Payments: $70,000 Minimum Salary Company Vrio Analysis
- Advika Consulting Services: Challenges And Opportunities In Managing Human Capital Vrio Analysis
- BMR Advisors Competing On Quality Vrio Analysis
Be a great writer or hire a greater one!
Academic writing has no room for errors and mistakes. If you have BIG dreams to score BIG, think out of the box and hire Case48 with BIG enough reputation.
Our Guarantees
Interesting Fact
Most recent surveys suggest that around 76 % students try professional academic writing services at least once in their lifetime!