Porter 5 forces: 'Government' as the 6th Force?
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SCHOOL OF BUSINESSBACHELOR OF SCIENCE (HONS) IN ACCOUNTING & FINANCE
MGT 3054 STRATEGIC MANAGEMENT
ASSIGNMENT 1: INDIVIDUAL ASSIGNMENT
The Need for reinforcing ‘Government’ as the Sixth Force
Lecturer Name: Ms. Arual Dewi A/P P. Arunachalam
Student Name Student ID Tutorial Group Thanneermalayan Narayanan 09018003 5 TABLE OF CONTENTS PAGE
ASSIGNMENT 1:
The Need for reinforcing ‘Government’ as the Sixth Force……………….2-9 References……………………………………………………………..………10-12 (2192 words) A strategy has to be implemented in order for a company to sustain and become a profitable organization on a long term basis. Many theorists have come up with innovative ideologies and strategies to help the corporates to generate long term profits. In fact, in 1980, Michael Porter developed the Five Forces Analysis model to identify competitive forces that determines the profitability level and the attractiveness of different industries or markets. Looking at the Five Forces framework, Michael Porter claims that it is an effective competitive strategy which is capable to take an aggressive and protective action in order to create an invulnerable situation against the five forces (Cafferky, 2005). The five competitive forces are as follows; competition from rival sellers, threat from potential new entrants, threat from producers of substitute products, bargaining power of suppliers and buyers/customers. The mixture of forces clarifies an industry’s consistency in becoming more profitable than the rest, hence provides further visions into which resources are required and the
SCHOOL OF BUSINESSBACHELOR OF SCIENCE (HONS) IN ACCOUNTING & FINANCE
MGT 3054 STRATEGIC MANAGEMENT
ASSIGNMENT 1: INDIVIDUAL ASSIGNMENT
The Need for reinforcing ‘Government’ as the Sixth Force
Lecturer Name: Ms. Arual Dewi A/P P. Arunachalam
Student Name Student ID Tutorial Group Thanneermalayan Narayanan 09018003 5 TABLE OF CONTENTS PAGE
ASSIGNMENT 1:
The Need for reinforcing ‘Government’ as the Sixth Force……………….2-9 References……………………………………………………………..………10-12 (2192 words) A strategy has to be implemented in order for a company to sustain and become a profitable organization on a long term basis. Many theorists have come up with innovative ideologies and strategies to help the corporates to generate long term profits. In fact, in 1980, Michael Porter developed the Five Forces Analysis model to identify competitive forces that determines the profitability level and the attractiveness of different industries or markets. Looking at the Five Forces framework, Michael Porter claims that it is an effective competitive strategy which is capable to take an aggressive and protective action in order to create an invulnerable situation against the five forces (Cafferky, 2005). The five competitive forces are as follows; competition from rival sellers, threat from potential new entrants, threat from producers of substitute products, bargaining power of suppliers and buyers/customers. The mixture of forces clarifies an industry’s consistency in becoming more profitable than the rest, hence provides further visions into which resources are required and the
References: (2192 words) A strategy has to be implemented in order for a company to sustain and become a profitable organization on a long term basis Abdullah, R., Laal, M. K., & Tatsuo K., (2008). Supplier Development Framework in the Malaysian Automotive Industry: Proton’s Experience. International Journal of Economics and Management, 2(1) 29-58. [Accessed 2 October 2014] Amelia, L., Wahab, D Cafferky, M. E., (2005). The Porter Five-forces Industry Analysis Framework For Religious Nonprofits: A conceptual analysis. Porter Five-Forces Framework, 1-34. [Accessed 28 September 2014] Crazychyi Darwis, F., (2013) Car price cut benefits few Malaysians, says Pekema. Available at http://www.themalaysianinsider.com/malaysia/article/car-price-cut-benefits-few-malaysians-says-pekema. [Accessed 6 October 2014] Emeagwali, L., (2012) Is Michael E Jomo, K. S. (Ed.). (2006). Japan and Malaysian Development: In the Shadow of the Rising Sun, London, Routledge. Jomo, K. S. (Ed.). (2013). Industrializing Malaysia: policy, performance, prospects, Routledge. Porter, M. E., (1996). The Five Competitive Forces that Shape Strategy. HBR’s Must-Reads on Strategy. Harvard Business Review. [Accessed 2 October 2014] Progress, H., Whilhemia, S., & Tarisai, C., (2013) Proton Annual Report 2013.Rosli, M., (2006). The automobile industry and performance of Malaysian auto production. Journal of Economic Cooperation, 27(1) 89-114. [Accessed 26 September 2014] Rugman, A Stonehouse, G., & Snowdon, B. (2007). Competitive advantage revisited: Michael Porter on strategy and competitiveness. Journal of Management Inquiry, 16(3) 256-273. Sage Journals. [Accessed 25 September 2014] UK Essays Wad, P., & Govindaraju, V. C. (2011). Automotive industry in Malaysia: An assessment of its development. International Journal of Automotive Technology and Management, 11(2) 152-171. Inderscience Publishers. [Accessed 25 September 2014]