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Financial Performance Measurement For The 21st Century Case VRIO Analysis

CASE ANALYSIS


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Financial Performance Measurement For The 21st Century Case Study Solution

A number of areas can be identified where FG has a competitive edge over its rivals. These areas would be assessed utilizing the Financial Performance Measurement For The 21st Century VIRO structure where the 'worth', 'inimitability', 'rarity' and organization' of FG would certainly be examined in regards to its payment 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 way of getting high margins for business, however is valuable for the client also. Smoked seafood products are looked upon as value-added items and so FG is certainly offering worth to the marketplace and to the entrepreneur in the form of high saving capacity from fish products. FG's ability to generate initial Oriental inspired smoked fish and shellfish items can be considered a supreme skill.

Business has placed obstacles to access for brand-new participants by motivating clients to be requiring in terms of asking for their choices. Not just has this made the service uncommon, it has actually increased the expense of entrance for niche gamers considering that FG's diversity and versatility can not be matched by brand-new entrants in the short run. This highlights another point of inimitability.

The fact that business is not product-orientated but is a market-orientated service which is flexible sufficient in its ability to adjust to dynamic market situations suggests that its method of arranging services is absolutely its one-upmanship. Along with this, business is organized to ensure that it has much less reliance on importers and also trading business which contributes to its one-upmanship as an organization in a market where smoked fish products have to be imported from various other countries.

Along with these factors, FG's long-term partnerships with its customer that has caused brand name commitment from their side and also the former's continuous reinforcement of quality control to preserve this brandloyalty is an added variable providing it a competitive edge.

As per the Financial Performance Measurement For The 21st Century VIRO framework, if a firm's resources are useful but can be copied easily, it might have a short-lived competitive benefit. In FG's case, it can be seen how a continual affordable benefit is possible with the firm's adaptability, market-orientated strategy, suffered long-termrelationships and ingenious abilities of the entrepreneur.