VRIO Framework Flashcards

1
Q

Resource #1

A

Research + Development Capabilities:

Value: R+D team is a central part to their innovation driven strategy, they allow them to improve taste, texture and sustainability to meet consumer preferences

Rarity: Scientist with diverse backgrounds are rare in this industry and are difficult for competitors to replicate quickly

Imitability: Unique blend of Expertise and dedicated resources make it hard for others to imitate

Organization: Strategically organized R+D to push boundaries, ensuring consistent product improvement

This creates a sustained Competitive Advantage

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2
Q

Resource #2

A

Brand and Market Position:

Value: Strong brand recognition has positioned BM as the leader of the market, supported by high-profile endorsements and partnerships

Rarity: Few brands within the industry have achieved similar consumer trust and recognition

Imitability: Building a comparative brand would require extensive time and resources

Organization: Effectively utilizing marketing and celebrity endorsements to reinforce their brand image

This creates Sustained Competitive Advantage

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3
Q

Resource #3

A

Supply Chain / Distribution market

Value: Extensive distribution network, relationships with major retailers provide broad market access and customer reach

Rarity: Few brands in the industry have such a wide reaching retail and restaurant network

Imitability: Difficult to imitate in the short term, requires a significant amount of time and relationship building

Organization: BM leverages its distribution channels effectively, allowing it to meet demand across various markets and demographics.

This provides a Temporary Competitive Advantage

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