Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
Fern Fort University
Lam Research 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 Lam Research to do better resource allocation and build a defensible value and supply chain.
Order a Lam Research VRIO / VRIN Analysis now
What is a Valuable Resource for Lam Research? Defining Valuable in VRIO
A resource or capability is considered valuable for Lam Research , if it allows the
Lam Research to exploit opportunities or negate threats
emerging out of both the micro business environment and the macro environment. If a resource does not allow Lam Research to minimize threats or exploit opportunities, than it doesn't contribute signficantly to building a sustainable competitive advantage for Lam Research.
What are Rare Resources for Lam Research? Defining Rare in VRIO
In an industry that Lam Research operates in, valuable resources are held by number of competitors. So valuable resources themselves don’t provide a sustainable competitive advantage. Lam Research require rare resources to compete in the industry. If Lam Research don’t have rare resources that are required to succeed in the industry then Lam Research won’t be able to compete successfully in the marketplace. Secondly holding rare resources can provide Lam Research competitive advantage against players that don’t have those rare resources. HBR Case Study Solution
What is a Inimitable (Difficult to Immitate) Resource for Lam Research? Defining Inimitable in VRIO
A valuable and rare resource can provide a competitive advantage to Lam Research 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. Lam Research 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 Lam Research
What is a Organization for Lam Research? Defining Organization in VRIO
Even if the Lam Research 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 Lam Research 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 |
---|---|---|---|---|---|
Opportunities in the Adjacent Industries that Lam Research 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 |
Sales Force and Channel Management of Lam Research | Yes | No | Can be imitated by competitors | Still there is lot of potential to utilize the excellent sales force | Can provide Lam Research sustainable competitive advantage. Potential is certainly there. |
Opportunities for Brand Extensions for Lam Research 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 |
Position among Retailers and Wholesalers – Lam Research retail strategy | Yes, Lam Research has strong relationship with retailers and wholesalers | Yes, Lam Research has dedicated channel partners | Difficult to imitate though not impossible | Yes, over the years company has used it successfully | Sustainable Competitive Advantage |
Alignment of Activities with Lam Research 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 |
Distribution and Logistics Costs Competitiveness | Yes, as it helps Lam Research in delivering lower costs | No | Can be imitated by competitors of Lam Research but it is difficult | Yes | Medium to Long Term Competitive Advantage |
Customer Community of Lam Research | Yes, as customers are co-creating products | Yes, the Lam Research has able to build a special relationship with its customers | It is very difficult for Lam Research competitors to imitate the culture and community dedication | Going by the data, there is still a lot of upside in building on Lam Research customers community ecosystem | Providing Strong Competitive Advantage |
Pricing Strategies of Lam Research | Yes, Lam Research has sound pricing strategies | No | Pricing strategies are regularly imitated in the industry | Yes, firm has a pricing analytics engine | It can only provide Lam Research with a Temporary Competitive Advantage |
Successful Implementation of Digital Strategy at Lam Research | 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 |
Supply Chain Network Flexibility of Lam Research | Yes | Yes | Near competitors also have flexible supply chain and share some of the suppliers | Fully utilized by Lam Research organizational structure and capabilities | Keeps the business running |
Track Record of Leadership Team at Lam Research | Yes | Yes | Can't be imitated by competitors | Yes | Providing Strong Competitive Advantage |
Talent to Manage Regulatory and Legal Obligations | Yes | No | Can be imitated by competitors | Yes | Not critical factor |
Vision of the Leadership for Next Set of Challenges | Yes | No | Can't be imitated by competitors of Lam Research | Not based on information provided in the case | Can Lead to Strong Competitive Advantage |
Brand Positioning of Lam Research 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 |
Lam Research 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
- Rockwell Collins VRIO / VRIN Analysis
- Domtar VRIO / VRIN Analysis
- Simon Property Group VRIO / VRIN Analysis
- Booz Allen Hamilton Holding VRIO / VRIN Analysis
- Citizens Financial Group VRIO / VRIN Analysis
Next 5 VRIO / VRIN Analysis
- Fiserv VRIO / VRIN Analysis
- Spectra Energy VRIO / VRIN Analysis
- Navient VRIO / VRIN Analysis
- Big Lots VRIO / VRIN Analysis
- Telephone & Data Systems VRIO / VRIN Analysis