Based on the image attached please seperate VRIO analysis ASAP thanks Based on Appendix 2.3, Lululemon has a popular as well as strong brand image, which is one of itsmain resources or strengths (Asante et al., 2021). It has a long-term advantage because it meets allfour of the key criteria. Because of their strong images as hip, friendly, and inspiring, Lululemon'sbrand was known for being honest. They also focused on real stories of empowerment andcommunity. By encouraging people to live a healthy and well-balanced lifestyle, Lululemon has builta strong group of fitness fans who want high-quality products. Lululemon has a lot of brandrecognition because it has a lot of trust in its brand, which is very important to the company.Lululemon has worked hard to build a unique brand image by making high-quality products that fittheir vision. "Athleisure" fashion was also created by the company, and they did a good job of it. Thishelped them build a competitive advantage, and it also changed the activewear industry (MatthewHarvey, 2020). Although Lululemon has high-quality products, the price of their products is notcheap. Lululemon does a lot of work to be good to the world and the environment, and they alsobuild strong and unique brand images. Another company that started its brand in 1998 is calledLululemon. Lululemon actively promotes health and mindfulness by selling high-quality productsthat can help every person. In order to copy these strong brand images that have been built up overtime, you'll need a lot of money and a lot of time. In addition, building brand images requires a lot ofcustomer loyalty and trust that can't be replaced. Lululemon is able to get their brand messages andpromises out to the public because they have a strong brand. Finally, the health and positive brandimages of Lululemon are also backed up by the company's core values, vision, and missionstatement, which all support the brand. It also uses different marketing strategies and tools to helppeople know more about lululemon's business. For example, Lululemon makes real connections andencourages user-generated content through Instagram, Facebook, Twitter, and blog posts, amongother things. It helps the brand get more attention and recognition, which in turn leads to moresales. Because of their unique products, community, and business model, Lululemon has built asuccessful, unique, and well-known global brand image that is well-known all over the world (Asanteet al., 2021).Secondly, Lululemon gained long-term advantages in the market by offering high-quality and newproducts to the public. Lululemon is always coming up with new ways to make clothes, like newfabrics, sewing techniques, and features that make their clothes more useful to their customers. Thismeans that Lululemon is customer-focused, and they will match the quality of a product to whatthe best at what they do, so theypeople want to buy. Allcan dry quickly, fight bacteria, wick away sweat, and look good without sacrificing style. Lululemonalso has a wide range of high-quality products for different types of customers and different needs(Matthew Harvey, 2020). For example, sports clothes like pants, shorts, tops, and jackets, as well asother things. Yoga mats, ice cream, and bags are all things you need for yoga. As a result, there are alot of people who buy and use lululemon products again and again. Next, the intellectual propertyrights, copyrights, trademarks, and patents of their products are not as common as they used to be.All these are important resources. Lululemon has 48 design patents and 45 industrial designtheir products have been made toregistrations around the world that protect things like designs, fabrics, and production methods.There are also a lot of things about their products that are private. The specific prediction is onlyknown by top management, and the technologies used to make them are also protected bylaw(Baalbaki et al., 2019). Finally, the company shows that they are always coming up with new andcreative ways to make their products through product design and development. Lululemon had asecret product development lab called Whitespace, which was a high-tech lab in Vancouver. Theyare using new technology, science, and movements to make their activewear stand out from therest. For example, they do research on how people move and come up with new and creative waysto meet people's expectations and needs. Moreover, Lululemon also made sure that their suppliersfollowed all of their rules and standards during the production process. In the end, the quality andnew ideas of Lululemon make them stand out from the rest of the competition and keep them goingfor a long time (Stokes, and Adams, 2008).

Question

Based on the image attached please seperate VRIO analysis ASAP thanks Based on Appendix 2.3, Lululemon has a popular as well as strong brand image, which is one of itsmain resources or strengths (Asante et al., 2021). It has a long-term advantage because it meets allfour of the key criteria. Because of their strong images as hip, friendly, and inspiring, Lululemon'sbrand was known for being honest. They also focused on real stories of empowerment andcommunity. By encouraging people to live a healthy and well-balanced lifestyle, Lululemon has builta strong group of fitness fans who want high-quality products. Lululemon has a lot of brandrecognition because it has a lot of trust in its brand, which is very important to the company.Lululemon has worked hard to build a unique brand image by making high-quality products that fittheir vision. &#34;Athleisure&#34; fashion was also created by the company, and they did a good job of it. Thishelped them build a competitive advantage, and it also changed the activewear industry (MatthewHarvey, 2020). Although Lululemon has high-quality products, the price of their products is notcheap. Lululemon does a lot of work to be good to the world and the environment, and they alsobuild strong and unique brand images. Another company that started its brand in 1998 is calledLululemon. Lululemon actively promotes health and mindfulness by selling high-quality productsthat can help every person. In order to copy these strong brand images that have been built up overtime, you'll need a lot of money and a lot of time. In addition, building brand images requires a lot ofcustomer loyalty and trust that can't be replaced. Lululemon is able to get their brand messages andpromises out to the public because they have a strong brand. Finally, the health and positive brandimages of Lululemon are also backed up by the company's core values, vision, and missionstatement, which all support the brand. It also uses different marketing strategies and tools to helppeople know more about lululemon's business. For example, Lululemon makes real connections andencourages user-generated content through Instagram, Facebook, Twitter, and blog posts, amongother things. It helps the brand get more attention and recognition, which in turn leads to moresales. Because of their unique products, community, and business model, Lululemon has built asuccessful, unique, and well-known global brand image that is well-known all over the world (Asanteet al., 2021).Secondly, Lululemon gained long-term advantages in the market by offering high-quality and newproducts to the public. Lululemon is always coming up with new ways to make clothes, like newfabrics, sewing techniques, and features that make their clothes more useful to their customers. Thismeans that Lululemon is customer-focused, and they will match the quality of a product to whatthe best at what they do, so theypeople want to buy. Allcan dry quickly, fight bacteria, wick away sweat, and look good without sacrificing style. Lululemonalso has a wide range of high-quality products for different types of customers and different needs(Matthew Harvey, 2020). For example, sports clothes like pants, shorts, tops, and jackets, as well asother things. Yoga mats, ice cream, and bags are all things you need for yoga. As a result, there are alot of people who buy and use lululemon products again and again. Next, the intellectual propertyrights, copyrights, trademarks, and patents of their products are not as common as they used to be.All these are important resources. Lululemon has 48 design patents and 45 industrial designtheir products have been made toregistrations around the world that protect things like designs, fabrics, and production methods.There are also a lot of things about their products that are private. The specific prediction is onlyknown by top management, and the technologies used to make them are also protected bylaw(Baalbaki et al., 2019). Finally, the company shows that they are always coming up with new andcreative ways to make their products through product design and development. Lululemon had asecret product development lab called Whitespace, which was a high-tech lab in Vancouver. Theyare using new technology, science, and movements to make their activewear stand out from therest. For example, they do research on how people move and come up with new and creative waysto meet people's expectations and needs. Moreover, Lululemon also made sure that their suppliersfollowed all of their rules and standards during the production process. In the end, the quality andnew ideas of Lululemon make them stand out from the rest of the competition and keep them goingfor a long time (Stokes, and Adams, 2008).

Accepted Answer

VRIO framework is an analysis that helps the firm to identify tangible and intangible resources and…