The VRIO analysis of Eskimo Pie Business is a broad range analysis supplying the company with a chance to acquire a viable competitive benefit against its rivals in the food and drink industry, summed up in Exhibition I.
Valuable
The resources utilized by the Eskimo Pie business are important for the business or not. Such as the resources like finance, human resources, management of operations and professionals in marketing. This are some of the essential important elements of for the recognition of competitive advantage.
Rare
The valuable resources made use of by Eskimo Pie are even rare or pricey. If these resources are commonly discovered that it would be easier for the rivals and the brand-new rivals in the industry to effortlessly relocate competitors.
Imitation
The replica procedure is pricey for the competitors of Eskimo Pie Business. Nevertheless, it can be done just in 2 various strategies i.e. product duplication which is produced and made by Eskimo Pie Business and introducing of the substitute of the products with changing cost. This increases the risk of disruption to the current structure of the industry.
Organization
This element of VRIO analysis deals with the compatibility of the business to place in the market making efficient usage of its valuable resources which are hard to mimic. Often, the development of management is completely dependent on the company's execution strategy and team. Thus, this polishes the skills of the company by time based on the decisions made by company for the progression of its strategic capitals.
Exhibit I: VRIO Analysis
