Response to Week 2 DQ: Five Forces Model framework developed by Professor Michael‚ E. Porter of Harvard Business School in 1979‚ is a powerful strategic business assessment tool useful in strategic assessment of business position in a volatile competitive market situation to understand where the business competitive power positions and analyze both the current competitive strength and the position which the business is intended to move into to gain profitability while and customer’s desirability’s
Premium Strategic management Supply chain management Management
CGE25101 Globalization and Business Tutorial 12 Discussion Question: The Porter’s Diamond Michael Porter put forth a theory in 1990 to explain why some countries are leaders in the production of certain products. His work incorporates certain elements of previous international trade theories but also makes some important new discoveries. He identifies four elements present to varying degrees in every nation that form the basis of national competitiveness. Analyze the current situation of Japan
Premium Automobile Chemical element Competitiveness
Porter Five Forces Analysis One of the most effective ways to measure the level of attractiveness of medical device industry is Porter Five Forces Analysis. According to porter (2008)‚ there are five forces that influence the level of profitability of any industry; therefore‚ companies must obtain sustainable competitive advantage in order to survive. These forces are rivalry‚ threat of substitutes‚ threats of new entrants‚ supplier power‚ and buyer power. (Porter‚ para 3) Rivalry The medical
Premium Medical device Medical technology Medical equipment
Management and Planning – CE00317-2 Group Assignment Learning Outcome: The written report of this assessment is designed to assess students’ ability to: 1. define‚ describe and discriminate between strategy and planning and show an understanding of the vocabulary of the subject applied to the management of a business organisation 2. describe and discuss a typical planning process including the role of qualitative and quantitative forecasting‚ modelling and dealing with uncertainty‚
Premium Management Strategic management Marketing
how Porter’s five forces might be used to evaluate the future potential of modern banks‚ such as Tesco Bank and Virgin Money. This question has occurred through recent research into market structure and has highlighted its significance in the current market place by introducing more competition to traditional banks‚ supermarkets and other businesses. However‚ this also gives customers more choice in today’s climate‚ where in some cases banks have lost customers’ trust. Porter makes clear that when
Premium Bank Tesco
What are dry herb atomizers? Whether it is for the use of medical marijuana or marijuana where recreational use is legalized‚ dry herb atomizers are a must have. Why‚ you might ask? These specialized vaporizer tanks allow you to smoke dry herb without the risks of traditional combustion smoking‚ and all while on the go. The convenience of not having to roll anything‚ or search out a lighter is exceptional. Risks of Combustion Consumption Why change the way you smoke? Well‚ not many people realize
Premium Nicotine Cannabis Tobacco smoking
Have you ever seen dry ice‚ well let me show you. To measure the evaporation rate it is important to know that a half pound of dry ice will be placed outside and timed. The same thing will happen but in a cool room. If the dry ice is -109.3°F then it will evaporate in any condition warmer. The hypotheses is that the dry ice in the outside will evaporation faster. It is important to understand this because if you are trying to store dry ice and you put it in a freezer it will still evaporate. So in
Premium Water Temperature Melting point
Dry Manhattan gives an overview of Prohibition’s rise and fall in New York‚ predominately in the City. The relationship of this reform to the broader spirit of the Progressive Generation can be argued in two ways. Resistance to prohibition can be considered progressive behavior or it was a signal that the progressive spirit had died. In making this decision it is important to recall what the Progressives goals were. They wanted to make sense of change in a way that best advanced American ideals and
Premium United States Prohibition in the United States Alcoholic beverage
tumbling action of the washing machine. Other materials that are generally found in a laundry service’s establishment would include ironing equipment such as steam irons and presses. Other specialized cleaning materials such as dry cleaning chemicals are also found there. Dry Cleaning One of the skills of laundry services that distinguish it from your
Premium Laundry Laundry detergent Clothing
Introduction Nokia is of the largest telecommunication manufacturer company and is known globally for its reliable and good quality products. It has good reputation all around the world. It is leading brand in some areas and still growing day by day. Vision Voice goes mobile………….if it can go mobile…………………….it will. Mission Connecting people. SWOT analysis of Nokia SWOT analysis is the tool which helps the organization to understand where it stands. The SWOT analysis of Nokia make it understand
Premium Marketing Brand Mobile phone