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The Chongqing Model And The Future Of China Case VRIO Analysis

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Home >> Harvard >> The Chongqing Model And The Future Of China >> Vrio Analysis

The Chongqing Model And The Future Of China Case Study Help

Several locations can be identified where FG has a competitive edge over its rivals. These areas would be analyzed making use of the The Chongqing Model And The Future Of China VIRO framework where the 'value', 'inimitability', 'rarity' and also company' of FG would certainly be reviewed in terms of its contribution in the direction of its competitive edge. The framework has been presented in appendix 3.

It can be seen that FG is providing a value-added product, which is not just a method of getting high margins for business, yet is useful for the consumer as well. Smoked seafood products are considered as value-added things and so FG is certainly offering value to the marketplace as well as to the entrepreneur in the kind of high saving capacity from fish items. FG's capability to produce original Oriental inspired smoked fish and shellfish products can be thought about a supreme ability.

Business has put barriers to entrance for new entrants by encouraging consumers to be requiring in terms of requesting their preferences. Not just has this made the service unusual, it has raised the expense of entry for particular niche gamers because FG's diversity as well as versatility can not be matched by brand-new participants in the brief run. This highlights an additional factor of inimitability.

The truth that the business is not product-orientated however is a market-orientated company which is versatile enough in its capability to adjust to vibrant market situations suggests that its means of arranging solutions is certainly its competitive edge. In addition to this, business is organized so that it has much less reliance on importers as well as trading business which adds to its one-upmanship as an organization in a market where smoked fish products have to be imported from other countries.

Along with these factors, FG's long term partnerships with its client that has actually led to brand name loyalty from their side as well as the previous's constant support of quality control to preserve this brandloyalty is an added variable giving it a competitive edge.

As per the The Chongqing Model And The Future Of China VIRO structure, if a firm's resources are useful but can be mimicked conveniently, it might have a temporary affordable advantage. In FG's case, it can be seen how a sustained affordable benefit is feasible through the firm's flexibility, market-orientated strategy, sustained long-termrelationships as well as innovative abilities of the business owner.