The VRIO analysis of Jaipur Literature Festival Beyond The Festival Template Company is a broad range analysis providing the organization with a possibility to obtain a feasible competitive advantage versus its rivals in the food and drink industry, summed up in Display I.
Valuable
The resources utilized by the Jaipur Literature Festival Beyond The Festival Template business are important for the company or not. Such as the resources like finance, human resources, management of operations and specialists in marketing. This are a few of the key important elements of for the identification of competitive advantage.
Rare
The important resources utilized by Jaipur Literature Festival Beyond The Festival Template are even uncommon or costly. If these resources are frequently found that it would be easier for the rivals and the brand-new rivals in the market to easily relocate competitors.
Imitation
The replica procedure is pricey for the rivals of Jaipur Literature Festival Beyond The Festival Template Company. It can be done just in 2 various methods i.e. product duplication which is produced and manufactured by Jaipur Literature Festival Beyond The Festival Template Business and launching of the substitute of the items with changing expense. This increases the danger of disturbance to the recent structure of the market.
Organization
This part of VRIO analysis handle the compatibility of the company to place in the market making efficient use of its important resources which are challenging to mimic. Regularly, the advancement of management is totally depending on the firm's execution technique and team. Hence, this polishes the skills of the firm by time based upon the decisions made by company for the progression of its tactical capitals.
Exhibit I: VRIO Analysis
