The VRIO analysis of Boston University Medical Center Hospital Company is a broad range analysis providing the organization with an opportunity to obtain a feasible competitive benefit against its rivals in the food and beverage industry, summarized in Exhibit I.
Valuable
The resources utilized by the Boston University Medical Center Hospital company are important for the business or not. Such as the resources like financing, human resources, management of operations and specialists in marketing. This are a few of the essential valuable elements of for the recognition of competitive advantage.
Rare
The important resources made use of by Boston University Medical Center Hospital are even unusual or pricey. If these resources are frequently found that it would be simpler for the rivals and the new rivals in the market to easily relocate competitors.
Imitation
The replica process is pricey for the competitors of Boston University Medical Center Hospital Business. Nevertheless, it can be done just in 2 various techniques i.e. item duplication which is produced and made by Boston University Medical Center Hospital Business and launching of the alternative of the items with switching cost. This increases the threat of disruption to the current structure of the market.
Organization
This component of VRIO analysis handle the compatibility of the business to position in the market making efficient use of its valuable resources which are hard to imitate. Frequently, the development of management is totally depending on the company's execution strategy and group. Hence, this polishes the skills of the firm by time based upon the choices made by company for the progression of its tactical capitals.
Exhibit I: VRIO Analysis
