The VRIO analysis of Band Of Angels Company is a broad variety analysis supplying the company with a chance to get a viable competitive benefit against its competitors in the food and drink industry, summed up in Display I.
Valuable
The resources used by the Band Of Angels company are valuable for the company or not. Such as the resources like financing, human resources, management of operations and professionals in marketing. This are some of the essential important elements of for the recognition of competitive benefit.
Rare
The valuable resources utilized by Band Of Angels are even rare or pricey. If these resources are frequently discovered that it would be easier for the rivals and the new rivals in the market to effortlessly relocate competitors.
Imitation
The imitation process is expensive for the competitors of Band Of Angels Business. It can be done just in 2 different techniques i.e. product duplication which is produced and produced by Band Of Angels Company and introducing of the replacement of the items with changing cost. This increases the danger of disruption to the recent structure of the industry.
Organization
This component of VRIO analysis deals with the compatibility of the company to position in the market making productive use of its valuable resources which are hard to mimic. Frequently, the advancement of management is absolutely based on the company's execution technique and group. Thus, this polishes the skills of the company by time based upon the decisions made by firm for the progression of its strategic capitals.
Exhibit I: VRIO Analysis
