Vrine Model can be considered as a model for Strategic Leadership and Business Transformation PDF

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VRINE model explained...

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VRINE Model can be considered as a model for Strategic Leadership and Business Transformation. VRINE Model focuses basically on Resources and Capabilities required to achieve a unique product among many ambitious competitors who are running to catch the market from a specific organization. The one which has those resources and capabilities will get the required benefit till they become normal and available for others. Apple Resources and Capabilities using the VRINE model. The word value is a product which has significant usefulness. The rarity, on the other hand, deals with the scarcity of raw material of which it has always been scarce in the apple firm, thus the apple firm has to compete for the less resource. Furthermore, the imitability majors on how the apple Inc. can be copied. The apple Inc. has the patent rights which prevent other firms from entering the market with the same name of apple Inc. Products, The Exploitability the firm must be able to exploit it; that is, the firm must be able to nurture and take advantage of the resources and capabilities that it possesses. The VRINE also deal with competitive consequence and the performance implications. The main activities in the VRINE are answered whether they are or not by simply stating yes or no(Y/N). The following table shows the tabulated information of the apple Inc. VRINE analysis. (Barney J.B, 1991). RESOURCES: Everything available in our environment which can be used to satisfy our needs, provided, it is technologically accessible. Resources can either be tangible (that is physical items including cash, inventory, machinery, human power, land or buildings), or intangible (do not exist in physical form and include things like accounts receivable, pre-paid expenses, patents and goodwill).

Resources

Valuable

Rare

Inimitable

Organized /Exploitable

Result

Apple store

Yes

Yes

yes

No

Temporary advantage

Brand name

Yes

Yes

No

Yes

Sustainable Competitive advantage

OEMS relationships

Yes

No

Yes

No

Competitive advantage

Industry design

Yes

Yes

Yes

No

Temporary advantage

Software development teams

Yes

Yes

No

Yes

Competitive advantage

Bestspoke hardware & software

Yes

Yes

Yes

No

Competitive advantage

CAPABILITIES: represents performing or achieving certain actions/outcomes in terms of the intersection of capacity and ability.

Capability

Valuable

Rare

Inimitable

Organized /Exploitable

Result

Brand equity

Yes

Yes

yes

Yes

Competitive advantage

Global Presence

Yes

No

No

Yes

Temporary advantage

Customer loyalty

Yes

Yes

No

Yes

Temporary advantage

Supply chain

Yes

Yes

No

Yes

Temporary advantage

Premium Product quality

Yes

yes

Yes

Yes

Competitive advantage

Marketing

Yes

Yes

Yes

Yes

Competitive advantage

Research & Innovation

Yes

Yes

Yes

Yes

Competitive Advantage

Notematics. 2019 apple resources and capabilities available from: https://notesmatic.com [accessed 7 march 2021]....