Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
Fern Fort University
Boyd Gaming 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 Boyd Gaming to do better resource allocation and build a defensible value and supply chain.
Order a Boyd Gaming VRIO / VRIN Analysis now
What is a Valuable Resource for Boyd Gaming? Defining Valuable in VRIO
A resource or capability is considered valuable for Boyd Gaming , if it allows the
Boyd Gaming to exploit opportunities or negate threats
emerging out of both the micro business environment and the macro environment. If a resource does not allow Boyd Gaming to minimize threats or exploit opportunities, than it doesn't contribute signficantly to building a sustainable competitive advantage for Boyd Gaming.
What are Rare Resources for Boyd Gaming? Defining Rare in VRIO
In an industry that Boyd Gaming operates in, valuable resources are held by number of competitors. So valuable resources themselves don’t provide a sustainable competitive advantage. Boyd Gaming require rare resources to compete in the industry. If Boyd Gaming don’t have rare resources that are required to succeed in the industry then Boyd Gaming won’t be able to compete successfully in the marketplace. Secondly holding rare resources can provide Boyd Gaming competitive advantage against players that don’t have those rare resources. HBR Case Study Solution
What is a Inimitable (Difficult to Immitate) Resource for Boyd Gaming? Defining Inimitable in VRIO
A valuable and rare resource can provide a competitive advantage to Boyd Gaming 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. Boyd Gaming 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 Boyd Gaming
What is a Organization for Boyd Gaming? Defining Organization in VRIO
Even if the Boyd Gaming 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 Boyd Gaming 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 |
---|---|---|---|---|---|
Ability to Attract Talent in Various Local & Global Markets | Yes, Boyd Gaming 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 Boyd Gaming | To a large extent yes | Providing Strong Competitive Advantage |
Track Record of Leadership Team at Boyd Gaming | Yes | Yes | Can't be imitated by competitors | Yes | Providing Strong Competitive Advantage |
Opportunities in the E-Commerce Space for Boyd Gaming - using Present IT Capabilities | Yes, the e-commerce space is rapidly growing and Boyd Gaming 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 |
Supply Chain Network Flexibility of Boyd Gaming | Yes | Yes | Near competitors also have flexible supply chain and share some of the suppliers | Fully utilized by Boyd Gaming organizational structure and capabilities | Keeps the business running |
Financial Resources of Boyd Gaming | Yes | No | Financial instruments and market liquidity are available to all the nearest competitors | Boyd Gaming has reasonably sound financial position | Boyd Gaming has relatively sustainable Competitive Advantage |
Talent to Manage Regulatory and Legal Obligations | Yes | No | Can be imitated by competitors | Yes | Not critical factor |
Customer Community of Boyd Gaming | Yes, as customers are co-creating products | Yes, the Boyd Gaming has able to build a special relationship with its customers | It is very difficult for Boyd Gaming competitors to imitate the culture and community dedication | Going by the data, there is still a lot of upside in building on Boyd Gaming customers community ecosystem | Providing Strong Competitive Advantage |
Position among Retailers and Wholesalers – Boyd Gaming retail strategy | Yes, Boyd Gaming has strong relationship with retailers and wholesalers | Yes, Boyd Gaming has dedicated channel partners | Difficult to imitate though not impossible | Yes, over the years company has used it successfully | Sustainable Competitive Advantage |
Sales Force and Channel Management of Boyd Gaming | Yes | No | Can be imitated by competitors | Still there is lot of potential to utilize the excellent sales force | Can provide Boyd Gaming sustainable competitive advantage. Potential is certainly there. |
Intellectual Property Rights, Copyrights, and Trademarks | Yes, they are extremely valuable for Boyd Gaming to thwart competition | Yes, IPR and other rights are rare and competition of Boyd Gaming 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 |
Distribution and Logistics Costs Competitiveness | Yes, as it helps Boyd Gaming in delivering lower costs | No | Can be imitated by competitors of Boyd Gaming but it is difficult | Yes | Medium to Long Term Competitive Advantage |
Access to Critical Raw Material for Successful Execution | Yes | Yes, as other competitors have to come to terms with Boyd Gaming dominant market position | Can be imitated by competitors | Yes | Providing Sustainable Competitive Advantage |
Opportunities in the Adjacent Industries that Boyd Gaming 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 |
Brand Positioning of Boyd Gaming 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 |
Boyd Gaming 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
- Guess VRIO / VRIN Analysis
- Zions Bancorp. VRIO / VRIN Analysis
- Dominos Pizza VRIO / VRIN Analysis
- Twitter VRIO / VRIN Analysis
- Sinclair Broadcast Group VRIO / VRIN Analysis
Next 5 VRIO / VRIN Analysis
- Akamai Technologies VRIO / VRIN Analysis
- Prologis VRIO / VRIN Analysis
- OGE Energy VRIO / VRIN Analysis
- Outerwall VRIO / VRIN Analysis
- OneMain Holdings VRIO / VRIN Analysis