The VRIO analysis of Symed Development Inc Business is a broad variety analysis offering the company with an opportunity to obtain a practical competitive benefit versus its competitors in the food and drink industry, summed up in Exhibit I.
Valuable
The resources utilized by the Symed Development Inc company are valuable for the company or not. Such as the resources like financing, personnels, management of operations and specialists in marketing. This are some of the key valuable aspects of for the identification of competitive advantage.
Rare
The important resources utilized by Symed Development Inc are even rare or expensive. If these resources are frequently discovered that it would be easier for the competitors and the new competitors in the market to easily relocate competition.
Imitation
The imitation process is expensive for the rivals of Symed Development Inc Company. Nevertheless, it can be done only in 2 various strategies i.e. product duplication which is produced and produced by Symed Development Inc Business and introducing of the replacement of the items with switching expense. This increases the threat of disturbance to the current structure of the market.
Organization
This element of VRIO analysis deals with the compatibility of the business to place in the market making productive use of its important resources which are hard to mimic. Regularly, the development of management is completely based on the company's execution method and group. Hence, this polishes the abilities of the firm by time based on the choices made by firm for the progression of its tactical capitals.
Exhibit I: VRIO Analysis
