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Space And Light Studios Cost Volume Profit Analysis And The Business Of Yoga Case VRIO Analysis

CASE STUDY


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Space And Light Studios Cost Volume Profit Analysis And The Business Of Yoga Case Study Solution

A number of areas can be identified where FG has a competitive edge over its competitors. These locations would be examined using the Space And Light Studios Cost Volume Profit Analysis And The Business Of Yoga VIRO structure where the 'value', 'inimitability', 'rarity' and company' of FG would be assessed in regards to its payment towards 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 method of obtaining high margins for business, yet is useful for the consumer also. Smoked fish and shellfish items are looked upon as value-added items and so FG is definitely supplying worth to the marketplace and also to the business owner in the form of high conserving capacity from fish items. FG's ability to produce initial Eastern inspired smoked fish and shellfish products can be thought about a supreme ability.

The business has actually placed obstacles to entrance for new entrants by encouraging clients to be demanding in terms of asking for their choices. Not just has this made the service uncommon, it has enhanced the cost of entrance for specific niche players considering that FG's diversity and also adaptability can not be matched by new entrants in the brief run. This highlights one more point of inimitability.

The reality that business is not product-orientated however is a market-orientated business which is flexible sufficient in its ability to adjust to dynamic market scenarios suggests that its means of arranging services is certainly its competitive edge. The organisation is arranged so that it has less dependence on importers and also trading business which adds to its competitive edge as an organization in a market where smoked fish products have actually to be imported from various other nations.

In addition to these factors, FG's long-term partnerships with its customer that has led to brand name loyalty from their side and the previous's continuous support of quality assurance to maintain this brandloyalty is an additional factor offering it a competitive edge.

As per the Space And Light Studios Cost Volume Profit Analysis And The Business Of Yoga VIRO framework, if a firm's resources are important yet can be mimicked quickly, it may have a short-term affordable benefit. In FG's case, it can be seen just how a sustained competitive advantage is possible through the firm's versatility, market-orientated approach, sustained long-termrelationships and also innovative skills of the entrepreneur.