The VRIO analysis of Asante Teaching Hospital Activity Based Costing Company is a broad variety analysis supplying the company with an opportunity to get a viable competitive benefit versus its competitors in the food and drink industry, summarized in Exhibit I.
Valuable
The resources used by the Asante Teaching Hospital Activity Based Costing company are valuable for the company or not. Such as the resources like finance, personnels, management of operations and professionals in marketing. This are some of the key important factors of for the identification of competitive advantage.
Rare
The important resources made use of by Asante Teaching Hospital Activity Based Costing are even unusual or expensive. If these resources are frequently discovered that it would be much easier for the competitors and the new competitors in the industry to easily relocate competitors.
Imitation
The imitation procedure is costly for the rivals of Asante Teaching Hospital Activity Based Costing Company. It can be done just in two various techniques i.e. item duplication which is produced and produced by Asante Teaching Hospital Activity Based Costing Company and introducing of the replacement of the products with switching expense. This increases the hazard of disturbance to the recent structure of the industry.
Organization
This component of VRIO analysis deals with the compatibility of the business to place in the market making productive use of its valuable resources which are challenging to mimic. Often, the advancement of management is completely depending on the firm's execution strategy and team. Therefore, this polishes the skills of the company by time based on the choices made by company for the progression of its tactical capitals.
Exhibit I: VRIO Analysis
