Vizio Strengths And Weaknesses
As Vizio tries to introduce a new line of products into a mature industry, it faces many challenges such as being, comparable to its competitors, finding and filling a niche and most importantly being accepted. “We're here to make innovative technology a commodity. We're not here to build a cheap product; we're here to make the product affordable.” William Wang, CEO, Vizio. The strength of Vizio’s success lies in its existing distribution and sales networks, reduced labor costs, and high profitability, amongst many other things. Its weaknesses include but are not limited to, cost structure, small business units, limited productivity, and the possibility of higher loan rates. Vizio has opened opportunities for new products and services.