Saturday, May 11, 2019
Lululemon exploration of England Internal Analysis Case Study
Lululemon exploration of England Internal abridgment - Case Study ExampleVRIO AnalysisVRIO framework is a tool for analyzing a bank lines internal strength to cater a particular market. When a firm uses VRIO framework for its internal analysis, it evaluates in all the resources and capabilities of a business, ignoring the strategic position of the business. The term VRIO is an acronym for1.V disbelief of firms value 2.R Question of firms rarity3.I Question of firms Imitability4.O Question of firms organization (Kazmi, 2012).VRIO Analysis of Lululemon AthleticaQuestion of Lululemons ValueLululemon is multinational sports apparel brands combine in Canada, Australia and United States of America. The strength that the company has gained by operating in these three countries has added to the experience and skills inevitable to compete at international level with sports specialty brands. More everywhere, the work force that the company possesses similarly provides an fortune to Lul ulemon to prosper in Englands premium sports market. The financial strength of the company at the moment also adds to the value of its capability to compete with other premium brands in England. Keeping in view the trends in the English premium sports apparel market, a number of opportunities are present to be exploited by Lululemon such as technological advancements, cultural fusion, strong economic outlook and opportunities for international marketing through international events in the country (Lululemon Athletica, 2012). ... Moreover, Lululemon also provides its customers on-sight physical exercise facility, running clubs and yoga sessions to familiarize the customers with the athletic surround and why it is necessary for them to have yoga and athletic sportswear of Lululemon. Moreover, Lululemon also creates rarity in the sense, that it offers its crossways in its bear stores, thus establishing a vertical retail strategy that allows the company to have more control over its operations than others (Lululemon Athletica, 2012). Question of Imitability of Lululemons Products and Strategies Lululemon is a premium brand offered at premium prices which makes it near to unattainable for the competitors to chase. Lululemon believes on community involvement in its business and thus allows others to imitate its products or technology utilize to manufacture products. This business practice is in alignment with Lululemons doing-the-right-thing initiative. The aim was to support community members to birth active part in achieving excellence in healthy habits. But the competitors find it difficult to imitate Lululemons products or strategies because it is very costly and requires great set of skills to produce a Lululemons product (Lululemon Athletica, 2012). Question of Lululemons Organization The way Lululemon has structured its organizational hierarchy facilitates smooth functioning of the business. The head-quarter is stationed in Canada where the product de signing and concept manipulation is carried out. Moreover, the headquarters also handles the financial controlling function of the business. Whereas the business in Australia,
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