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Note On Conflict Diamonds Why Are Civil Wars Like Diamonds Forever Case VRIO Analysis

CASE STUDY


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Note On Conflict Diamonds Why Are Civil Wars Like Diamonds Forever Case Study Solution

Several areas can be identified where FG has a competitive edge over its rivals. These locations would be examined making use of the Note On Conflict Diamonds Why Are Civil Wars Like Diamonds Forever VIRO framework where the 'worth', 'inimitability', 'rarity' and company' of FG would certainly be examined in regards to its contribution in the direction of its one-upmanship. The structure has been shown in appendix 3.

It can be seen that FG is offering a value-added product, which is not just a way of obtaining high margins for business, however is important for the consumer as well. Smoked fish and shellfish products are looked upon as value-added things and so FG is absolutely providing value to the marketplace as well as to the entrepreneur in the type of high saving capacity from fish items. Likewise, FG's capacity to generate initial Oriental inspired smoked seafood items can be thought about an unique skill.

Business has actually put obstacles to entry for brand-new participants by urging consumers to be demanding in regards to requesting their preferences. Not just has this made the service rare, it has enhanced the price of entry for particular niche gamers given that FG's diversification and also versatility can not be matched by brand-new entrants in the brief run. This highlights another factor of inimitability.

The reality that the business is not product-orientated but is a market-orientated service which is flexible enough in its ability to get used to vibrant market circumstances recommends that its method of arranging solutions is absolutely its competitive edge. The company is organized so that it has much less dependence on importers and also trading business which includes to its competitive side as a company in a market where smoked fish products have to be imported from other nations.

In addition to these factors, FG's long term connections with its client that has resulted in brand name commitment from their side as well as the former's consistent reinforcement of quality assurance to keep this brandloyalty is an added aspect offering it an one-upmanship.

As per the Note On Conflict Diamonds Why Are Civil Wars Like Diamonds Forever VIRO structure, if a company's sources are important but can be mimicked easily, it may have a temporary competitive advantage. In FG's case, it can be seen just how a continual competitive advantage is possible through the company's versatility, market-orientated method, suffered long-termrelationships and also ingenious abilities of the entrepreneur.