However‚ in pharmaceutical industry product differentiation is not possible since India has followed process patents till date‚ with laws favoring imitators. Consequently‚ product differentiation is not the driver‚ cost competitiveness is. Bargaining Power of Buyers (MEDIUM) The unique feature of pharmaceutical industry is that the end user of the product is different from the influencer (read doctor). The consumer has
Premium Chemical industry Pharmaceutical industry Marketing
1. What are some of your initial reactions about the differences you notice between home country and host country operations of a multinational fast food chain such as the McDonalds? Cultural differences though difficult to observe and measure are very important‚ especially when doing the business in the foreign markets. Failure to comprehend these differences can lead to embracing missteps‚ strain relationships and impact the business performance. Therefore‚ It appears as if catering to the Indian
Premium Potato India Globalization
creating new strategies‚ planning‚ making investments or disinvestments for current or a brand new business or organization. (Businessballs‚ Michael Porter’s Five Forces Competition Theory Model‚ 2009). Porter’s five forces determined as; “Supplier Power; Differentiations of inputs‚ supplier concentration‚ importance of volume to supplier‚ switching costs of firms in the industry‚ impact of inputs on cost or differentiation‚ presence of substitute inputs‚ threat of forward integration‚ cost relative
Premium Strategic management Smartphone Porter five forces analysis
Recently‚ I bought a computer monitor. I bought it from Golden Computer Arcade which locates at Sham Shui Po. The brand of the monitor is SAMSUNG. It is having 19inchs length (almost 47cm). The model number is S19B300B. The reason of me to buy the LED monitor at Sham Shui Po is because the price there is cheaper. When I go to the price comparison website (www.price.com.hk). I found that the common price of the LED monitor is around $850 HKD. But I found that the same model of the LED monitor at the
Premium Computer Marketing Cognition
Georges Obolo MKT 501 Application paper #2 (High cost consumer goods) For this assignment‚ I chose the automobile industry. This paper will focus on BMW key competitors and competitive forces using the Porter Five forces Framework. The globalization is influencing the automobile industry. Auto dealers encounter less and less restrictions to operate in overseas market. However‚ competition is rough with innovation and the increase of people’s sensibility to respect the environment limits and be
Premium Automotive industry Automobile Karl Benz
Product- everything that a person get when buying a product. Whether is it what they wanted or didnt. Mcdonlads sells many different products to it customers. The ingredaints that come in that product whether they want it or not. types of consumer products- there are four different types of consumer products convenience products‚ shopping products‚ specialty products‚ and unsought products. convenience products- its inexpensive and has little shopping efforts. shopping products- more
Premium Hamburger
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
On buying a Pony I have always been passionate about animals‚ especially dogs and horses. It is a joke in my family as nobody can figure out where this obsession came from. My whole family consists of city people‚ born and raised in Berlin‚ Germany. When this love started‚ I can’t remember‚ but it was at a very young age. I remember wanting to take horseback riding lessons when I was about 7 years old. I was very shy‚ so my Dad had to buy riding gear for himself and take the lessons with me. Now
Premium Horse Polo
Alex Polston 10/4/2014 I do not agree with the overall view of the article “Working at McDonalds.” This article intimidates the popular‚ undemanding jobs of teenagers at places that do not require a set amount of skills to begin work. Yes‚ these jobs are extremely easy to learn and they do not require much thought or concentration‚ but they do teach valuable job and social skills. Etzioni claims that these jobs are highly un-educational‚ cause teenagers to spend money on insignificant things‚ and
Premium Learning Adolescence Skill
access terminals in some outlets as well as enabling customers to order online‚ this will reduce the waiting time between a customer’s orders and pick up of order. -Marketing Strategies: Adults and children from all over the world know that Ronald McDonald is the face of restaurant chain. When costumers think about fast food they think about McDonald’s first. -Focus on costumers: McDonald’s restaurant has a strategy that they call “PLAN TO WIN” the five elements of this plan to win are PEOPLE‚ PRODUCTS
Premium Hamburger Food Fast food