The VRIO analysis of Eric Wood B Business is a broad range analysis supplying the organization with a possibility to get a feasible competitive benefit versus its rivals in the food and beverage industry, summarized in Exhibit I.
Valuable
The resources utilized by the Eric Wood B 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 a few of the essential valuable factors of for the identification of competitive advantage.
Rare
The valuable resources used by Eric Wood B are even rare or expensive. If these resources are frequently discovered that it would be simpler for the competitors and the new competitors in the market to effortlessly relocate competitors.
Imitation
The replica process is pricey for the rivals of Eric Wood B Company. Nevertheless, it can be done just in two different methods i.e. product duplication which is produced and made by Eric Wood B Company and launching of the alternative of the items with changing cost. This increases the threat of disturbance to the current structure of the market.
Organization
This component of VRIO analysis deals with the compatibility of the business to position in the market making efficient use of its valuable resources which are challenging to mimic. Often, the development of management is totally based on the firm's execution technique and team. Therefore, this polishes the skills of the firm by time based upon the choices made by firm for the progression of its strategic capitals.
Exhibit I: VRIO Analysis
