5 Forces Model -Examines competitive forces that influence the profitability potential in an industry -Each force can reduce the probability that a firm can earn profits while competing in an industry Potential Entrant - can take market share away - force to learn new ways to compete - Barrier - Economies of scale – cost disadvantage - Capital – lack the resources (physical & human) to compete‚ competitive disadvantage - Switching costs – college‚ machine - Differentiation
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power is the power to force someone to do something against his or her will. This is the type of power that is probably the most resented by the majority of people‚ but it has proven to be the necessary force that allows governments to maintain order‚ as well as parents to protect and discipline their children. Reward power is the ability to give people what they want by performing a designated service or task. This is probably the form of power that most people are familiar with in their professional
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Describe and analyse a subculture with which you are familiar. The definition of a subculture is a culture within a culture where a group develops distinctive norms and values that are different from those of the mainstream culture. The subculture that I will be writing about is called the Fan Base which is also know as the Fandom. A fan base or fandom is a group of regular supporters and enthusiasts that spend a rather large amount of time and energy focussing on a team‚ musician or musical
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Competitive Forces (5 Forces) Barriers to Entry: The telecommunication industry is dominated by only a few fully integrated companies like Motorola and Nortel. Because of this‚ companies like Alcatel are involved in smaller scale acquisitions that are filling in product assortments. One issue with this is that smaller players are being squeezed by severe price competition. The telecommunications industry does have high entry costs given that the industry requires a high level of integration
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There are four different forms of a business organization. They are a joint-stock company‚ limited liability company‚ partnership‚ and sole proprietorship. These forms of a business organization were started to help business owners with valuable support to make them profitable and successful. The first form of a business organization is a joint-stock company. Joint-stock companies are comprised of entrepreneurs that will raise the company’s wealth by selling stock shares to investors. There are
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Porters Five Forces – Competitor Analysis Michael Porter’s five forces model is used to explore the competitive environment in which a product or company operates. In this case it will explore the competitive environment of Dell and the Tab Streak. The Five Forces Analysis looks at five key areas: | New Entrants | | Suppliers | Industry competitors and extent of rivalry | Buyers | | Substitutes | | Threat of New Entrants The computer industry is a highly competitive one with
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Organizational analysis approach Enables the behaviour of people in organizations to be examined from different view points which are characterised by conflicting and competing assumptions and interests The way we analyse is influenced by the way we understand organizations: There are a number of different types of metaphors that are used to understand the complex nature of organizations. As participants (either as employees or managers) we need to be careful not to depend solely on one particular
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MGT 1 - Business Organization & Management Social Responsibility and Managerial Ethics Learning objectives: Contrast the classical and socioeconomic views of social responsibility. Discuss the role that stakeholders play in the four stages of social responsibility. Differentiate between social obligation‚ social responsiveness‚ and social responsibility. Explain what research studies have shown about the relationship between an organization’s social involvement and its economic performance
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Business Organization MD BUS/210 August 19‚ 2012 Colette Franklin Business Organization I have a one of a kind product that I want to put out into the global market but I do not have the money it takes to put this product to the level it needs to be. I could be the sole proprietorship‚ where I have a nonincorporated business entirely owned by one person but I may need investors to perform this task. The profits I have acquired have exceeded expectations and I am currently on back order most
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Positioning in 5 Forces This section will discuss Porters 5 forces of competition and Pompeian is situated in each element. Company’s need not only to focus on the impact of their direct competition but also other external factors that could influence their strategy. Threats of New Entry (Entry Barriers) – Pompeian needs to evaluate how other companies could enter the olive oil market and how quickly they could become a national distributor of the product. This threat is a low one for Pompeian‚ the
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