The VRIO analysis of Service Factory Business is a broad variety analysis offering the organization with a possibility to obtain a practical competitive advantage versus its competitors in the food and beverage industry, summed up in Display I.
Valuable
The resources utilized by the Service Factory business are important for the company or not. Such as the resources like finance, personnels, management of operations and specialists in marketing. This are some of the crucial valuable factors of for the identification of competitive benefit.
Rare
The valuable resources used by Service Factory are even rare or expensive. If these resources are commonly found that it would be much easier for the rivals and the brand-new competitors in the industry to easily relocate competition.
Imitation
The imitation process is costly for the rivals of Service Factory Company. It can be done just in 2 various techniques i.e. item duplication which is produced and made by Service Factory Business and launching of the substitute of the items with changing expense. This increases the danger of interruption to the recent structure of the market.
Organization
This part 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. Regularly, the development of management is totally dependent on the firm's execution technique and group. Thus, this polishes the abilities of the company by time based on the choices made by company for the development of its tactical capitals.
Exhibit I: VRIO Analysis
