Reading 32 – The Five Competitive Forces That Share Strategy ------------------------------------------------- Date: April 6‚ 2013 Porter’s Five Forces Forces | Description | Notes | Threat of New Entrants | - Likelihood of new entrants emerging to alter the competitive landscape- Depend on size of barriers to entry- Higher the barrier‚ weaker the threat‚ and greater the pricing power of existing participants | - Econ of scale- product differences an brand identify that will deter customers
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When thinking of what industry to focus my paper on‚ I couldn’t help but think of an industry that I use almost on a day-to-day basis: online video streaming. I felt it was a suitable choice for representing the different areas of Porter’s Five Forces Model because it seems as though there is always some different development happening within the industry. An article I found on The Economist’s online site addressed some of the main industry developments quite well. This particular article‚ titled
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The Five Competitive Forces Model In this section‚ the structure of our company will be explained using the five competitive forces model developed by Harvard professor Michael Porter. These forces include: rivalry among existing firms‚ threat of new entrants‚ bargaining power of buyers‚ threat of substitutes and bargaining power of suppliers. Each of these forces will have their own distinctive effect on determining industry profitability. Intensity of rivalry among competitors: Recently there
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In 1998‚ the Industry was in a state of Duopoly‚ with the only players being Eircell‚ with 330‚000 customers‚ and Esat Digifone‚ with 80‚000. Market penetration was a mere 11%‚ having grown by 4% since the previous year (ComReg‚ 1999). On December 1‚ the industry was deregulated and a competition for the awarding of a third telecom licence was held. With the view‚ expressed by Etain Doyle‚ Director of Telecommunications Regulation‚ to “increase competition and choice” which would bring about “lower
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Chocolate and Child Slavery: Unfulfilled Promises of the Cocoa Industry International Labor Rights Fund June 30‚ 2004 It is estimated that America spends $13 billion a year on chocolate. However‚ in the past few years‚ it has become increasingly clear that this favorite American product is tainted with the labor of innocent young children. The fact that child slaves are used in the harvesting of cocoa beans in Cote D’Ivoire‚ the world’s major supplier of cocoa‚ is undisputed. The US State
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Porter’s Five Forces Analysis - Maruti The Porter’s Five Forces analysis is designed to evaluate the competitive forces in the industry the firm operates. If it determines that the combination of forces in the industry act to reduce profitability‚ it is saying the industry is unattractive. Even worse is an industry close to total competition. Keep in mind that this exercise evaluates the industry‚ not the firm. As such‚ this assessment would apply to Ford‚ Chrysler‚ Toyota‚ Honda‚ or any other
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Group member: Li Ruixuan‚ Chen Yi‚ Ai Huanyu‚ Jin Peiyao‚ Wu Jindi. Research method: This case talks about Slavery in the chocolate industry. They treat children as slavery‚ and force them to do hard work. The reason by various factors‚ we can discuss form systemic‚ corporate and individual ethical issues. Such as systemic‚ economic systems should be taken into consideration. Cocoa bean prices had declined‚ between 1996 and 2000‚ the price control by the global market but farmers had no control
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Belgium Chocolate: History: First introduction is when Spanish conquistadors met Azctec king. 1585 first recorded shipment from veracruz to Sevilla‚ Spain and spread to Europe from there. The first recorded shipment of chocolate to Europe for commercial purposes was in a shipment from Veracruz to Sevilla in 1585.[17] It was still served as a beverage‚ but the Europeans added cane sugar to counteract the natural bitterness and removed the chili pepper while retaining the vanilla‚ in addition they
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For the external analysis I will do a Porter 5-Force analysis on the Micro environment of JYSK on the Chinese market. First I want to have a look at the Industry competitors‚ so the rivalry. If we take a look on the Chinese market‚ we can see that there is already a fierce competition going on the market. Domestic and foreign retailers like IKEA or Wal-Mart have already successful penetrated the market. The number will increase constantly‚ because everybody wants a piece of the cake. If we look
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What are the five competitive forces described by Michael Porter? Comment on them briefly 1. Threat of entry New entrants to an industry bring new capacity and a desire to gain market share that puts pressure on prices‚ costs‚ and the rate of investment necessary to compete. Particularly when new entrants are diversifying from other markets‚ they can leverage existing capabilities and cash flows to shake up competition‚ as Pepsi did when it entered the bottled water industry‚ Microsoft did when
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