HOW ATTRACTIVE IS THE INDUSTRY ? An attractive industry with a high average return on investment will be difficult to enter because entry barriers are high‚ suppliers and buyers have only modest bargaining power‚ substitute products or services are few‚ and the rivalry among competitors is stable. An unattractive industry like steel will have structural flaws‚ including a plethora of substitute materials‚ powerful and price-sensitive buyers‚ and excessive rivalry caused by high fixed costs and a
Premium Marketing Strategic management Management
1. Drawing on the five forces model‚ explain why the pharmaceutical industry has historically been a very profitable? a. Rivalry among competing firms i. Patent protected medicine allows prating monopoly ii. In pharmaceutical industry they have several strong competition compete again few rather than more companies b. Threat of substitute product i. Very costly to introduce a new drugs ii. So many medicines protect by patent law‚ all competitors can make countertrend drugs who have almost
Premium Pharmacology Pharmaceutical industry Generic drug
The traditional chemical and process manufacturing (CPM) industry is at the cusp of a massive digital transformation. Companies and their industrial processes need to adapt to this rapid change if they are not to be left behind by developments in the industry and by their competitors. The focus during this transformation would be around Customer Engagement‚ Supplier Relationships and Business networks‚ Big Data Analytics‚ Cloud‚ Mobility‚ Internet of Things‚ etc. Customer centricity and engagement
Premium Supply chain management Supply chain management Supply and demand
1. | | QUIZ 1: Foundations Chapter 1 and Article 1. Read each question very carefully before answering.According to Chapter 1 of Foundations of Strategic Management‚ what is true of strategic management? | | | a - It centers on deciding where to compete and how to compete. | | | b - As a discipline‚ strategic management aims to improve the practice of strategic management by offering executives and entrepreneurs effective tools and guidelines. | | | c - It is dynamic because the business
Premium Strategic management Strategy Strategic planning
main concern of the present day Defence industries is to produce high grade quality products corresponding to world class standards. They are dependent on many small industries .So the high standards can be achieved by providing services by MSME which are ecologically superior and economically viable. The efforts must be made to enhance the efficiency‚ minimizing waste and optimum use of resources. This paper presents an approach for the small defence industries to produce zero defect products i.e.
Premium Marketing Management Strategic management
Case Study MKT 113 Amanda Durell Southern New Hampshire University Prince Sports is a leading tennis supplier in the international market. They have many products including racquets‚ bags‚ apparel and other accessories. They are leaders in innovation in tennis and have invented new racquet technology. Prince is excellent at catering to all types of tennis players‚ from juniors to professionals and everyone in-between. An environmental force that will work for Prince is the continuing
Premium Marketing Tennis
What is Industry 4.0? The soul of vision Industry 4.0 ‘ internet of things ‘ means the universal connection of things‚ people and machines. The intent of this connection is to produce variety of new products and services in a more efficient manner and on a large scale. This idea was first conceptualised by the German government. The basic idea behind this is to create smart factories in which the products‚ transport modes and the machines communicate with each other to create a virtual market place
Premium Industrial Revolution Manufacturing Industry
Bibliography: Chatman‚ J. A.‚ & Cha‚ S. E. (2003). Leading by Leveraging Culture. California Management Review‚ 23. Roosevelt‚ T. R. (1976). Webster Industries (A). Harvard Business School‚ 3.
Premium Organizational culture Sociology Culture
for the industry going forward? 1.Though the average level of profitability in the pharmaceutical industry has been declining over time (In 2002‚ the average ROIC in the industry was 21.6%; by 2006‚ it had fallen to 14.5%)‚ historically‚ the pharmaceutical industry has been a profitable one. Because- Name of industry | Average ROIC(Between 2002 and 2006) | Pharmaceuticals | 16.45%(large) | computer hardware | 12.76% | Electronics | 3.88% | 2. The prospect for the industry for going
Premium Pharmaceutical industry Pharmacology Generic drug
The threats to the automotive industry in Australia are very concerning to the prosperity of its workers and the companies who have chosen to do business there. First‚ the lax tariff laws on imported vehicles make Australia a target market for most automakers. The business environment has become extremely competitive as a result of the competition from over 65 auto brands. The market becomes very diluted because of the amount of choices available to consumers. To make matters worse‚ the last
Premium Automotive industry General Motors Automobile