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Harbor City Electric Case VRIO Analysis


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Harbor City Electric Case Study Analysis

A number of areas can be determined where FG has an one-upmanship over its rivals. These areas would certainly be evaluated making use of the Harbor City Electric VIRO framework where the 'worth', 'inimitability', 'rarity' as well as company' of FG would be reviewed in terms of its payment towards its one-upmanship. The structure has been displayed in appendix 3.

It can be seen that FG is supplying a value-added item, which is not simply a way of acquiring high margins for business, but is beneficial for the consumer also. Smoked fish and shellfish items are looked upon as value-added products therefore FG is absolutely offering worth to the marketplace and to the entrepreneur in the type of high saving possibility from fish items. FG's capability to produce original Eastern inspired smoked seafood items can be taken into consideration an unmatched ability.

The business has actually placed barriers to access for new entrants by motivating customers to be requiring in terms of requesting their preferences. Not just has this made the solution rare, it has actually boosted the cost of entry for specific niche players since FG's diversification and flexibility can not be matched by brand-new participants in the brief run. This highlights one more point of inimitability.

The truth that the business is not product-orientated but is a market-orientated company which is versatile enough in its capacity to adapt to dynamic market scenarios recommends that its method of organizing solutions is absolutely its one-upmanship. In addition to this, the business is organized so that it has much less dependence on importers and trading firms which adds to its one-upmanship as an organization in a market where smoked fish products have to be imported from various other nations.

Along with these factors, FG's long-term partnerships with its client that has brought about brand name loyalty from their side as well as the former's constant reinforcement of quality control to maintain this brandloyalty is an added factor giving it an one-upmanship.

As per the Harbor City Electric VIRO structure, if a company's resources are useful but can be copied easily, it might have a short-lived competitive advantage. In FG's case, it can be seen how a continual competitive advantage is feasible through the company's flexibility, market-orientated technique, endured long-termrelationships as well as innovative skills of the entrepreneur.