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Queueing Theory Case VRIO Analysis

CASE STUDY


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Queueing Theory Case Study Analysis

Numerous areas can be determined where FG has a competitive edge over its competitors. These locations would be examined making use of the Queueing Theory VIRO framework where the 'worth', 'inimitability', 'rarity' as well as company' of FG would be assessed in regards to its payment towards its competitive edge. The framework has been presented in appendix 3.

It can be seen that FG is offering a value-added product, which is not simply a means of getting high margins for the business, however is beneficial for the client also. Smoked seafood products are looked upon as value-added items and so FG is absolutely using worth to the market and to the business owner in the form of high conserving capacity from fish items. Furthermore, FG's capability to create original Eastern passionate smoked fish and shellfish products can be considered an unique ability.

The business has actually put barriers to access for new entrants by encouraging consumers to be requiring in terms of requesting their preferences. Not just has this made the service uncommon, it has boosted the cost of entrance for specific niche players since FG's diversification as well as versatility can not be matched by brand-new participants in the short run. This highlights an additional factor of inimitability.

The truth that the business is not product-orientated yet is a market-orientated organisation which is flexible enough in its capability to get used to vibrant market scenarios recommends that its means of organizing services is absolutely its one-upmanship. The service is organized so that it has less reliance on importers as well as trading business which adds to its competitive side as an organization in a market where smoked fish products have to be imported from other countries.

In addition to these factors, FG's long term partnerships with its client that has actually 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 additional factor offering it a competitive edge.

As per the Queueing Theory VIRO structure, if a firm's resources are valuable but can be imitated easily, it might have a short-term competitive benefit. In FG's case, it can be seen how a sustained competitive benefit is feasible through the company's adaptability, market-orientated method, endured long-termrelationships and also cutting-edge abilities of the entrepreneur.