What is it? Framework/theory Porter’s Five Forces of Competitive Position Analysis were developed in 1979 by Michael E Porter of Harvard Business School as a simple framework for assessing and evaluating the competitive strength and position of a business organisation. This theory is based on the concept that there are five forces that determine the competitive intensity and attractiveness of a market. Porter’s five forces help to identify where power lies in a business situation. This is useful
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TOURISM IN KENYA INTRODUCTION Tourism is the world’s largest industry. According to World Tourism Organization (WTO)‚ tourism accounts for more than 10% of the world total employment‚ 11% of the Global Domestic Product (GDP) and the total tourist trips are predicted to increase to 1.6 billion by 2020. In Kenya tourism is an important sector of the economy‚ in 2006 tourism was the leading foreign exchange earners contributing Ksh 56.2 billion while attracting 1.8 million tourists (Source :Kenya Tourism
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(A) Define and discuss in SUBSTANTIVE DETAIL EACH of the five dimensions of culture as identified by Hofstede. ----------------------------------------------------------------------- Hofstede’s research is based on the information of 40 countries‚ of which he identified the different dimensions on which culture differs. The five dimensions model is widely used in many domains of human social life‚ and particularly in the field of business. In international marketing it is very useful because it
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History Russell McGillivray Kenya The British colonization of Kenya destroyed the culture and economy of the native people‚ but it established a democratic government and left Kenya a more modernized country.[1] During the 1880’s through 1914‚ the start of WWI‚ was an age of imperialism. One place that felt victim to this imperialism was Africa. At this time Africa was a wholly unmodernized continent. The reason the Europeans went after Africa was the introduction of the idea of
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Review | January 2008 | hbr.org STRATEGY STRATEGY by Michael E. Porter Peter Crowther SHAPE THE FIVE COMPETITIVE FORCES THAT Editor’s Note: In 1979‚ Harvard Business Review published “How Competitive Forces Shape Strategy” by a young economist and associate professor‚ Michael E. Porter. It was his first HBR article‚ and it started a revolution in the strategy field. In subsequent decades‚ Porter has brought his signature economic rigor to the study of competitive strategy for
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Poverty continues to be a major issue in Rural Kenya; and a number of social factors influence the level of poverty experienced in surrounding communities. The supply of unclean water‚ the vulnerability of the villagers to water-borne diseases‚ the absence of communication channels‚ and the failure of the community heads to treat infected persons due to lack of sufficient funds to upkeep professional medical services – all give rise to further complications‚ such as high mortality rates and consequently
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Porter five forces. Potential new entrants. The home furnishing market is a big market with many players. IKEA is one of the biggest players in the market especially in Europe. The threats of new entrants is reduced by the tremendous amount of money needed to start up a home furnishing shop. IKEA has a big advantage to other home furnishing shops‚ they don’t just sell furnish but also kitchen and home accessories. But IKEA doesn’t reach small town and villages‚ here is a change for new entrants
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“Miss Porter” (2006)‚ directed by an Australian director Chris Noonan‚ is a biopic film of Beatrix Potter (Renée Zellweger)‚ the English best-selling children’s author and illustrator. In addition to providing glimpses of realistic highlighted stories of Beatrix’s life‚ the movie represents successfully panoramic views of the stunning British topography‚ notably the idyllic rural area. The movie opens with magnificent shots of the panorama of the renowned Lake District in North-western England. This
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List the aspects of employment covered by law? It really is a wide area but here are some headers of statute controlled employment areas (some of these require qualifying terms etc)- Employees have the Right to; - Receive Payment - Receive Written Terms and Conditions - Redundancy Payment - Minimum Wage - Maximum Working Week - Not to be discriminated against - Fair Disciplinary Procedures - Safe working environment If you are experiencing difficulties or have concerns about certain
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Porter Five Forces Analysis of Pakistan Telecommunication Authority Assignment Presented to: Date: 29/08/2013 Introduction The Porter’s Five Forces is a simple tools and powerful tool that make you understand that where the actual power lies in the industry. It makes you understand the weight of industry’s current position and the future strength and position of that industry. If you have clear understanding of industry that where the power lies you can get good
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