Preview

Poters for Textile

Good Essays
Open Document
Open Document
1546 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Poters for Textile
PORTER FIVE FORCES ANALYSIS FOR TEXTILE INDUSTRY

SUBMITTED TO: MR.MAZHAR JAVED

SUBMITTED BY: ALI MEHDI (004)

COMSATS INSTITUTE OF INFORMATION TECHNOLOGY, COMSATS ROAD ,OFF GT ROAD SAHIWAL.
Environmental Scanning
Environmental scanning is the monitoring, evaluation, and dissemination of information from the external and internal environment to key people within the corporation. * Internal * External
In our external environment further two layers comes * General * Specific/task
In our previous assignment we did general analysis of Pakistan by using the PEST tool.
Now we are doing industry specific analysis.

Specific
The task or specific environment includes those elements or groups that directly affect a corporation and in turn, are affecting by it. These are government, local communities, suppliers, competitors, customers, creditors, employees/labor-unions, special-interest groups, and trade associations. A corporation task environment is typically the industry in which firm operates. We are choosing textile industry for this analysis. We are doing this analysis with the help of POTER FIVE FORCE ANALYSIS.

PORTER FIVE FORCE ANALYSIS OF TEXTILE INDUSTRY IN PAKISTAN

Porter five force analysis consist of following five forces * Entry & Exit barrier * Level of competition * Bargaining power of buyers * Bargaining power of supplier * Threat of substitute

ENTRY & EXIT BARRIER
In entry and exit barrier we are choosing following indicators to understand this force a) Legal environment and Incentive from government in textile industry b) Energy crises
Let’s start with legal environment regarding textile industry

a)LEGAL ENVIRONMENT
Generally speaking legal environment is not in the favor of textile industry.
The Textile Industry was one of those five industries of



References: 1. Wheelen &Hunger,Strategic management and business policies .13thed 2.“ Pakistan inflation rate-..”availableonline:at http://www.tradingeconomics.com//on 03March 2013 at 9:40 pm 3.“ Pakistan textile industry-..”availableonline:at http://www.scribd.com/doc/18020363/A-Crisis-in-Textile-Industry 03March 2013 at 9:40 pm 4.“Researchontextile..”availableonline:athttp://www.dgtrdt.gov.pk/Research/38th_syndicate_reports/6.pdf 03March 2013 at 9:40 pm

You May Also Find These Documents Helpful

  • Better Essays

    The environment of any organization consists of internal and external factors. An organization should conduct a scan of its environment in order for it to determine development, and a forecast on the factors that may influence the success of the organization. Scanning the environment refers to the possession and utilization of the information that an organization has about trends, patterns, occasion and the external and internal relationship that are within an organization. A scan of the environment may assist the management team of an organization in making a decision about the future path of the organization. A good scan aids in identifying the opportunities and threats that an organization has in the market (Bateman, 2012).…

    • 1203 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Str 581 Week 3

    • 2432 Words
    • 10 Pages

    According to Business Dictionary, “environmental scanning is the careful monitoring of a firm’s internal and external environments for detecting early signs of opportunities and threats that may influence its current and future plans.” A major objective of Salt Consulting LLC is to predict accurately the influences of these internal and external factors. The long-term goal is to create a profitable organization that recognizes and predicts any assumptions of what the future will hold. In conducting an environmental scan, Salt Consulting LLC will explore factors in the industrial, societal, and political environments. The firm will study competition and the internal strengths and weaknesses of the firm. These studies will provide data to create sustainability and long-term growth for Salt Consulting LLC.…

    • 2432 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Costco Case Study

    • 1118 Words
    • 5 Pages

    Within business, performing environmental scans involving the comparison and measurement of external and internal business is extremely important as it helps in the strategy development process which has a direct influence on business success.…

    • 1118 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    itm-100 chapter 1 notes

    • 647 Words
    • 3 Pages

    Environmental scanning – the acquisition and analysis of events and trends in the environment external to an organization…

    • 647 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Vermont Teddy Bear

    • 734 Words
    • 3 Pages

    Environmental Scanning –According to Wheelen and Hunger is "the monitoring, evaluating, disseminating of information from the internal and external environments to key people within the corporation" (p.10). This will all depend upon the ability of the senior leaders to adapt to rapidly changing external environment.…

    • 734 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    ADM 1300

    • 446 Words
    • 2 Pages

    Task environment is the most organizationally relevant forces in the business environment i.e. “the industry”…

    • 446 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Environmental Scan Paper

    • 1256 Words
    • 6 Pages

    There are internal and external elements that help a corporation determine their future. Environmental scanning monitors, evaluates, and disseminates the information from both the internal and external environments within the corporation. The internal and external elements are strategic factors that determine the corporation’s future. Environmental scanning can be conducted through a simple SWOT analysis that describes the strengths, weaknesses, opportunities, and threats as strategic factors for an organization. The internal environment of the corporation is the strengths and weaknesses variables within the organization. The external environment of the corporation is the opportunities and threats variables that are outside the organization.…

    • 1256 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Environmental Scan

    • 1169 Words
    • 5 Pages

    Environmental scans play a crucial role in the strategic planning process by helping organizations take a look at their competitive advantages and identify ways to sustain the advantages. Wheelen and Hunger (2010) describes environmental scanning as “the monitoring, evaluation, and dissemination of information from external and internal environments to key people within the corporation” (p. 10). Metrics or measuring tools are implemented in order to measure or track the progress of a strategic plan. Internal and external factors help an organization in the decision -making process of its future state. Internal factors surround strengths and weaknesses and external factors identify the potential threats and opportunities outside of the organization’s span of control.…

    • 1169 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Jd Wetherspoon

    • 3082 Words
    • 13 Pages

    Environmental scanning is the acquisition and use of information about events, trends, and relationship in an organizations…

    • 3082 Words
    • 13 Pages
    Best Essays
  • Better Essays

    Environmental Scan Paper

    • 1134 Words
    • 5 Pages

    Environmental scanning of the internal organizational environment focuses on company culture, employee-employee, manager-employee, and manager-manager, manager-shareholder interactions, in addition to organizational structure, natural resources’ access and brand awareness, among others (Schneider, 1995, p.70). Environmental scanning of the external organizational environment focuses on the analysis of the industry/immediate environment, national, and macro-environments. Analysis of the industry environment appraises the competitive stance of an organization and its key rivals, although, the national environment assesses the influence of the national framework in enabling an organization achieve competitive advantage globally. The macro-environment relates to identifying the social, legal, technological, economic, and political influences on an organization’s operations (Schneider, 1995, p.73).…

    • 1134 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Environmental Scan

    • 1361 Words
    • 6 Pages

    The internal factor of environmental scanning consists of a company’s strengths and weaknesses. An easy way to analyze these factors is to create an Internal Factor Analysis Summary, (IFAS) table [see Exhibit 2] or VRIO framework (Value, Rareness, Imitability, and Organization). Where the internal environment deals with strengths and weaknesses, the external environment is about opportunities and threats. These factors can be analyzed using a STEEP Analysis or PESTLE Analysis [see Exhibit 3].…

    • 1361 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Chapter 2

    • 2726 Words
    • 11 Pages

    Environmental monitoring deals with tracking changes in environmental trends that are often uncovered during the environmental scanning process.…

    • 2726 Words
    • 11 Pages
    Satisfactory Essays
  • Powerful Essays

    Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation. (Wheelen & Hunger, 2010).…

    • 1030 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    1. Define the term ‘Business Environment’. Explain the various elements of the internal environment of business. What do you understand by the task environment?…

    • 4202 Words
    • 17 Pages
    Better Essays
  • Best Essays

    This report is investigating the Task environment and Mega environment of two major companies in New Zealand; Air New Zealand and Fonterra. The Task environment of a company involves the Customers/Clients, Competitors, Suppliers, Labour Supply and Government Agencies that interact and affect the business. What happens in the Task environment of a business is influenced by what happens in the Mega environment which includes the political/legal, economic, sociocultural, technological and international elements which occur in the world and society around the business. This report will aim to identify and compare the specific elements involved in Air New Zealand and Fonterra’s Task environments and how their Mega environments impacts on this.…

    • 2340 Words
    • 10 Pages
    Best Essays