The VRIO analysis of Valjibhai Stones Company is a broad variety analysis providing the company with a possibility to obtain a practical competitive benefit against its competitors in the food and beverage market, summarized in Exhibit I.
Valuable
The resources utilized by the Valjibhai Stones business are valuable for the company or not. Such as the resources like finance, human resources, management of operations and professionals in marketing. This are some of the key valuable factors of for the recognition of competitive advantage.
Rare
The valuable resources used by Valjibhai Stones are even rare or pricey. If these resources are commonly found that it would be simpler for the competitors and the brand-new competitors in the industry to effortlessly relocate competition.
Imitation
The imitation procedure is pricey for the competitors of Valjibhai Stones Business. It can be done only in two different strategies i.e. product duplication which is produced and produced by Valjibhai Stones Company and introducing of the alternative of the items with switching expense. This increases the danger of disruption to the current structure of the industry.
Organization
This component of VRIO analysis deals with the compatibility of the company to place in the market making productive use of its valuable resources which are challenging to mimic. Regularly, the development of management is completely based on the company's execution method and group. Hence, this polishes the skills of the company by time based on the choices made by firm for the progression of its tactical capitals.
Exhibit I: VRIO Analysis
