Michael Porter 5 Forces Porter’s five forces of competitive position analysis is a simple framework for assessing and evaluating the competitive strength and position of a business organization that formed by Michael E. Porter of Harvard Business School in 1979. Basically‚ the concept of this theory is actually based on the five forces model that uses to determine the intensity of competition and market attractiveness. Therefore‚ strategic analysts are often to use Porter’s
Premium Apple Inc. Macintosh Steve Jobs
Diamond Building-Bangunan Suruhanjaya Tenaga‚ Putrajaya Energy-efficient buildings are designed with emphasis on environmentally friendly‚ such as energy and water efficiency‚ indoor environmental quality‚ use of renewable energy and so on. From the physical characteristics of the buildings we can see the use of glass which will allow entry of sunlight‚ thus reducing the use of lights. This shows the savings in electricity consumption. In addition‚ heat from the lights can also be reduced by it
Premium Fossil fuel Renewable energy Building engineering
number of small industries‚ where the competitiveness of one company is related to the performance of other companies and other factors tied together in the value-added chain‚ in customer-client relation‚ or in a local or regional contexts.[2] The Porter analysis was made in two steps.[2] First‚ clusters of successful industries have been mapped in 10 important trading nations.[2] In the second‚ the history of competition in particular industries is examined to clarify the dynamic process by which
Premium Strategic management International trade Porter five forces analysis
in developing a competitive strategy. The concept was first introduced by Michael Porter in his 1985 book “Competitive Advantage.” A value chain is a set of activities that an organization carries out to create value for its customers. Porter proposed a general-purpose value chain in which he felt it was important for companies to examine all of their activities and see how they’re connected. According to Porter‚ going through the chain of organization activities will add more value to the product
Premium Strategic management Management Value chain
ACADEMIC PAPER The diamond approach to the competitiveness of Korea’s apparel industry Michael Porter and beyond Byoungho Jin Oklahoma State University‚ Oklahoma‚ USA‚ and Hwy-Chang Moon Seoul National University‚ Seoul‚ South Korea Abstract Purpose – The Korean textiles and apparel-related industry has played a major role in the country’s development; however‚ this sector’s competitiveness is decreasing due mainly to labor costs. As with the country’s economic development‚ the new sources
Free Globalization International trade South Korea
warner has primarily a ‘Narrow approach’ Porter suggest companies with a narrow approach are considered as “cost leaders” continuing to say “these are Firms choosing to serve broad markets and to derive advantage through low costs” Porter‚ M.E. (1991). Time Warner doesn’t just seek the status of “cost leader” they also purse “focus strategies” Porter states “these are firms targeting narrow market segments and by emphasizing either low costs or uniqueness” Porter‚ M.E. (1991). On the other hand‚
Premium Marketing Management United States
Essex County College Porter’s Five Modules Porter’s Five Forces is a groundwork for industry analysis and business strategy development which was invented by Michael Porter in 1979. Three of Porter’s five forces relates to competition from external sources. The remaining two are internal threats. These five forces include three forces from horizontal competition such as the threat of substitute products or services
Premium Strategic management Marketing
1. Threat of New Entrants - The easier it is for new companies to enter the industry‚ the more cutthroat competition there will be. Factors that can limit the threat of new entrants are known as barriers to entry. Some examples include: • Existing loyalty to major brands • Incentives for using a particular buyer (such as frequent shopper programs) • High fixed costs • Scarcity of resources • High costs of switching companies • Government restrictions or legislation Power of Suppliers
Premium Marketing Management Strategic management
prestigious. 2. Structure • Porter argues that the best management styles vary among industries. Some countries may be oriented toward a particular style of management. Those countries will tend to be more competitive in industries for which that style of management is suited. • For example‚ Germany tends to have hierarchical management structures composed of managers with strong technical backgrounds and Italy has smaller‚ family-run firms. 3. Rivalry • Porter argues that intense competition
Free Economics Management Government
CALL CENTRE MANAGEMENT SYSTEM Vision Version <6.0> ABSTRACT: A Call center is an area where several customer service representative (CSR) agents are located to man a bank of telephones and computer terminals. These agents are specially trained on telephone etiquette‚ the type of customer queries‚ that may arise and on how to respond to these queries in a quick and efficient manner. A Call center can also equipped with an automatic call handling system like an Interactive Voice Response
Premium Requirements analysis Customer service Software requirements