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Diamond Energy Resources Case VRIO Analysis

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Diamond Energy Resources Case Study Help

Numerous locations can be determined where FG has an one-upmanship over its rivals. These areas would be evaluated making use of the Diamond Energy Resources VIRO framework where the 'value', 'inimitability', 'rarity' and also company' of FG would be assessed in terms of its payment in the direction of its one-upmanship. The structure has been presented in appendix 3.

It can be seen that FG is providing a value-added product, which is not simply a way of getting high margins for business, yet is beneficial for the client as well. Smoked fish and shellfish products are looked upon as value-added things and so FG is certainly using value to the market and also to the business owner in the kind of high conserving capacity from fish items. FG's ability to generate initial Eastern passionate smoked seafood items can be considered an inimitable skill.

Business has actually put obstacles to entry for brand-new participants by encouraging clients to be requiring in regards to requesting for their choices. Not just has this made the service uncommon, it has boosted the expense of entry for niche gamers since FG's diversity and also versatility can not be matched by brand-new entrants in the short run. This highlights another point of inimitability.

The truth that business is not product-orientated but is a market-orientated organisation which is versatile sufficient in its capacity to adjust to vibrant market scenarios recommends that its method of organizing solutions is certainly its competitive edge. In addition to this, the business is arranged to ensure that it has much less reliance on importers as well as trading firms which includes in its one-upmanship as a company in a market where smoked fish items need to be imported from various other nations.

In addition to these factors, FG's long-term partnerships with its client that has actually led to brand commitment from their side and also the previous's constant support of quality assurance to preserve this brandloyalty is an added factor providing it a competitive edge.

Based on the Diamond Energy Resources VIRO framework, if a company's sources are beneficial but can be imitated quickly, it might have a short-term affordable benefit. Nevertheless, a sustained affordable advantage would arise from resources which are important, uncommon and also expensive to mimic while at the same time the company has the ability to organize these for an optimum advantage (Rothaermel, 2013). In FG's case, it can be seen exactly how a continual competitive advantage is feasible via the company's flexibility, market-orientated technique, suffered long-termrelationships as well as cutting-edge abilities of the entrepreneur. These factors have actually already been reviewed in the Diamond Energy Resources SWOT analysis as internal toughness.