Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
Fern Fort University
Stryker 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 Stryker to do better resource allocation and build a defensible value and supply chain.
Order a Stryker VRIO / VRIN Analysis now
What is a Valuable Resource for Stryker? Defining Valuable in VRIO
A resource or capability is considered valuable for Stryker , if it allows the
Stryker to exploit opportunities or negate threats
emerging out of both the micro business environment and the macro environment. If a resource does not allow Stryker to minimize threats or exploit opportunities, than it doesn't contribute signficantly to building a sustainable competitive advantage for Stryker.
What are Rare Resources for Stryker? Defining Rare in VRIO
In an industry that Stryker operates in, valuable resources are held by number of competitors. So valuable resources themselves don’t provide a sustainable competitive advantage. Stryker require rare resources to compete in the industry. If Stryker don’t have rare resources that are required to succeed in the industry then Stryker won’t be able to compete successfully in the marketplace. Secondly holding rare resources can provide Stryker competitive advantage against players that don’t have those rare resources. HBR Case Study Solution
What is a Inimitable (Difficult to Immitate) Resource for Stryker? Defining Inimitable in VRIO
A valuable and rare resource can provide a competitive advantage to Stryker 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. Stryker 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 Stryker
What is a Organization for Stryker? Defining Organization in VRIO
Even if the Stryker 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 Stryker 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 Stryker operates in | No, none of the competitors so far has able to imitate this expertise | Yes, Stryker is successful at it | Providing Strong Competitive Advantage |
Intellectual Property Rights, Copyrights, and Trademarks | Yes, they are extremely valuable for Stryker to thwart competition | Yes, IPR and other rights are rare and competition of Stryker will find it extremely difficult to copy | Risk of imitation is low but given the margins in the industry disruption chances are high | So far the firm has not utilized the full extent of its IPR & other properties | Providing Strong Competitive Advantage |
Opportunities in the E-Commerce Space for Stryker - using Present IT Capabilities | Yes, the e-commerce space is rapidly growing and Stryker 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 |
Position among Retailers and Wholesalers – Stryker retail strategy | Yes, Stryker has strong relationship with retailers and wholesalers | Yes, Stryker has dedicated channel partners | Difficult to imitate though not impossible | Yes, over the years company has used it successfully | Sustainable Competitive Advantage |
Customer Community of Stryker | Yes, as customers are co-creating products | Yes, the Stryker has able to build a special relationship with its customers | It is very difficult for Stryker competitors to imitate the culture and community dedication | Going by the data, there is still a lot of upside in building on Stryker customers community ecosystem | Providing Strong Competitive Advantage |
Opportunities in the Adjacent Industries that Stryker can exploit & New Resources Required to Enter those Industries | Can be valuable as they will create new revenue streams | No | Can be imitated by competitors | All the capabilities of the organization are not fully utilized yet | Has potential |
Track Record of Leadership Team at Stryker | Yes | Yes | Can't be imitated by competitors | Yes | Providing Strong Competitive Advantage |
Stryker Customer Network and Loyalty | Yes, 23% of the customers contribute to more than 84% of the sales revenue | Yes, firm has invested to build a strong customer loyalty | Has been tried by competitors but none of them are as successful as Stryker | Stryker is leveraging the customer loyalty to good effect | Provide Stryker medium term competitive advantage |
Distribution and Logistics Costs Competitiveness | Yes, as it helps Stryker in delivering lower costs | No | Can be imitated by competitors of Stryker but it is difficult | Yes | Medium to Long Term Competitive Advantage |
Opportunities for Brand Extensions for Stryker products | Yes, new niches are emerging in the market | No, as most of the competitors are also targeting those niches | Yes can be imitated by the competitors | Brand extensions will require higher marketing budget | Temporary Competitive Advantage |
Ability to Attract Talent in Various Local & Global Markets | Yes, Stryker 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 Stryker | To a large extent yes | Providing Strong Competitive Advantage |
Supply Chain Network Flexibility of Stryker | Yes | Yes | Near competitors also have flexible supply chain and share some of the suppliers | Fully utilized by Stryker organizational structure and capabilities | Keeps the business running |
Successful Implementation of Digital Strategy at Stryker | 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 |
Brand Positioning of Stryker 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 |
Stryker 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
- Baxter International VRIO / VRIN Analysis
- W.W. Grainger VRIO / VRIN Analysis
- Liberty Interactive VRIO / VRIN Analysis
- Discover Financial Services VRIO / VRIN Analysis
- Precision Castparts VRIO / VRIN Analysis
Next 5 VRIO / VRIN Analysis
- Air Products & Chemicals VRIO / VRIN Analysis
- Western Refining VRIO / VRIN Analysis
- Universal Health Services VRIO / VRIN Analysis
- Owens & Minor VRIO / VRIN Analysis
- Charter Communications VRIO / VRIN Analysis