The VRIO analysis of Peter Woodson A Business is a broad range analysis providing the company with an opportunity to acquire a viable competitive benefit versus its rivals in the food and drink industry, summarized in Exhibit I.
Valuable
The resources used by the Peter Woodson A company are valuable for the company or not. Such as the resources like financing, human resources, management of operations and experts in marketing. This are a few of the key important aspects of for the identification of competitive advantage.
Rare
The valuable resources utilized by Peter Woodson A are even unusual or expensive. If these resources are commonly found that it would be much easier for the competitors and the brand-new competitors in the industry to easily move in competition.
Imitation
The replica process is pricey for the competitors of Peter Woodson A Company. It can be done only in two different techniques i.e. product duplication which is produced and manufactured by Peter Woodson A Company and introducing of the alternative of the products with switching cost. This increases the hazard of disruption to the recent structure of the industry.
Organization
This element of VRIO analysis handle the compatibility of the company to position in the market making efficient usage of its valuable resources which are difficult to imitate. Often, the advancement of management is completely depending on the firm's execution technique and team. Therefore, this polishes the abilities of the firm by time based upon the decisions made by firm for the progression of its strategic capitals.
Exhibit I: VRIO Analysis
