The VRIO analysis of Lucas Wang Stop Loss Strategy Business is a broad variety analysis providing the organization with a possibility to acquire a feasible competitive advantage versus its competitors in the food and drink market, summarized in Exhibition I.
Valuable
The resources used by the Lucas Wang Stop Loss Strategy company are important for the company or not. Such as the resources like financing, human resources, management of operations and specialists in marketing. This are a few of the key important aspects of for the recognition of competitive advantage.
Rare
The valuable resources made use of by Lucas Wang Stop Loss Strategy are even unusual or costly. If these resources are frequently found that it would be easier for the competitors and the new competitors in the market to easily move in competition.
Imitation
The imitation procedure is expensive for the rivals of Lucas Wang Stop Loss Strategy Business. However, it can be done just in 2 different methods i.e. product duplication which is produced and produced by Lucas Wang Stop Loss Strategy Company and introducing of the alternative of the items with changing cost. This increases the threat of interruption to the current structure of the industry.
Organization
This part of VRIO analysis handle the compatibility of the business to position in the market making efficient use of its valuable resources which are tough to mimic. Often, the advancement of management is completely dependent on the firm's execution method and team. Hence, this polishes the abilities of the firm by time based on the decisions made by company for the progression of its tactical capitals.
Exhibit I: VRIO Analysis
