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Concordia Electronic Systems Test Case VRIO Analysis


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Concordia Electronic Systems Test Case Study Solution

Numerous areas can be recognized where FG has a competitive edge over its rivals. These areas would certainly be analyzed utilizing the Concordia Electronic Systems Test VIRO structure where the 'value', 'inimitability', 'rarity' and company' of FG would be evaluated in regards to its contribution in the direction of its one-upmanship. The framework has been presented in appendix 3.

It can be seen that FG is offering a value-added item, which is not simply a method of acquiring high margins for business, yet is useful for the customer also. Smoked seafood products are looked upon as value-added things therefore FG is absolutely supplying value to the market and to the business owner in the form of high saving capacity from fish products. Furthermore, FG's capacity to generate initial Eastern inspired smoked seafood products can be thought about an inimitable ability.

The business has put barriers to entry for new participants by urging clients to be demanding in regards to asking for their choices. Not just has this made the solution rare, it has actually boosted the expense of entry for specific niche gamers considering that FG's diversification and adaptability can not be matched by brand-new participants in the brief run. This highlights another factor of inimitability.

The reality that the business is not product-orientated yet is a market-orientated organisation which is versatile enough in its capability to adapt to dynamic market circumstances suggests that its means of organizing services is certainly its competitive edge. Along with this, business is organized so that it has much less reliance on importers and also trading business which adds to its competitive edge as a company in a market where smoked fish items need to be imported from other countries.

In addition to these factors, FG's long-term connections with its customer that has brought about brand name commitment from their side as well as the former's constant reinforcement of quality control to maintain this brandloyalty is an extra aspect providing it an one-upmanship.

As per the Concordia Electronic Systems Test VIRO structure, if a firm's sources are beneficial but can be copied quickly, it might have a short-term competitive advantage. In FG's case, it can be seen how a sustained affordable benefit is feasible with the company's versatility, market-orientated strategy, suffered long-termrelationships and cutting-edge skills of the business owner.