The VRIO analysis of Concordia Casting Co Company is a broad variety analysis providing the company with a chance to get a practical competitive advantage against its competitors in the food and drink industry, summed up in Display I.
Valuable
The resources utilized by the Concordia Casting Co business are valuable for the business or not. Such as the resources like financing, personnels, management of operations and professionals in marketing. This are some of the crucial valuable aspects of for the recognition of competitive advantage.
Rare
The important resources made use of by Concordia Casting Co are even rare or pricey. If these resources are frequently found that it would be easier for the rivals and the new competitors in the industry to effortlessly relocate competitors.
Imitation
The replica process is costly for the competitors of Concordia Casting Co Company. It can be done only in two different strategies i.e. item duplication which is produced and manufactured by Concordia Casting Co Company and launching of the substitute of the items with switching expense. This increases the threat of disruption to the recent structure of the market.
Organization
This component of VRIO analysis deals with the compatibility of the business to position in the market making efficient use of its valuable resources which are hard to mimic. Frequently, the advancement of management is completely based on the firm's execution strategy and group. Hence, this polishes the abilities of the company by time based upon the choices made by firm for the progression of its strategic capitals.
Exhibit I: VRIO Analysis
