Structure Conduct Performance EE481: Industrial Economics SCP and NEIO Dr. Wanwiphang Manachotphong Department of Economics‚ Thammasat University 6 Sep 2013 Dr. Wanwiphang Manachotphong EE481: SCP and NEIO Structure Conduct Performance Homework (Problem 1) Due Date: Friday 13 Sep‚ before 2pm at the BE office. Problem 1: Given the following travel requirements You have to take a flight from Bangkok to ChiangMai on Friday September 13th. AND You have to leave between 8:00
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Porter’s Five Forces Rivalry Among Competing Sellers: HIGH/MODERATE The rivalry among competing sellers‚ often the strongest competitive pressure‚ is also fairly high for Panera in the restaurant industry. No switching costs‚ numerous competitors‚ and an increase in the availability of healthy food For a company in the restaurant industry‚ there are no switching costs for consumers. It is not like‚ for instance‚ the cable industry where cancellation fees are prevalent or an electronics industry
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In order to show how the Copenhungry Festival would affect the Torvehallerne‚ its surroundings and environment the Porter’s Five Forces would be introduced. Therefore‚ this assessment of the new competitive situation would show that the barriers for entry for other competitors would be set at the higher level as well as the threat of substitution would be decreased by introducing new events. In the end‚ after application of the Porter’s Five Forces further discussion concerning the advantages
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porter’s model July 3‚ 2005 I have been trying to assess the cement industry on the five factor model and have been able to come to the following evaluation Entry barrier – Entry barriers are not too high in the industry. The technology is easily available. The only constraint is capital which a big player will have access to. The key barriers would be - economies of scale which would favor the bigger players - Brands are not so critical. price plays a big factor - Cost advantage is critical. Companies
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Category Attractiveness Template | | | | | | | | |Factors |Analysis |Assessment | |
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as of low switching costs and price sensitivity. Suppliers: cost leadership west jet are coming over the power of the main airports by fling out of cheaper smaller less mainstream airports‚ which fits in with its cost leadership strategy. Barriers to entry: high set up costs as the hub and spoke system incurred very high costs but they entered in a different way so they were over to overcome the hurdles so it mad perfect sense. Geographic focus: did it make sense? Yes smaller area‚ less risk
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into other market segments and help prevent others from joining in afterwards. The strength of the five forces varies from industry to industry‚ and can change as an industry evolves (Hill & Jones‚ 2008). The Five Forces are composed of: Risk of Entry by Potential Competitors‚ The Bargaining Power of Buyers‚ The Bargaining Power of Suppliers‚ The Threat of Substitute products‚ and Rivalry Among Established Companies (Hill & Jones‚ 2008). Each of these forces in some shape or form has a unique impact
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* Significant barriers to entry: such as the competitive environment‚ high regularity requirements and high capital cost requirements. * Barriers to exit are in place which deters new entrants. * The failure of recent airlines such as XL and zoom is likely to deter new entrants (Time online‚2008 ) Threat of new Entrants * Significant barriers to entry: such as the competitive environment‚ high regularity requirements and high capital cost requirements. * Barriers to exit are in
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family run unorganized players Industry rivalry is intense but not cutthroat Rivalry Intense because of low switching costs‚ low levels of product differentiation‚ perishability of products diversity of rivals Rivalry is not cut throat since exit barriers are not high‚ fixed costs are not high‚ market growth is good Porter’s Five Forces: Travel Agency Porter’s Five Forces: Travel Agency : Threat of Substitutes: Low Threat of Substitutes‚ as travel moves up the list of household priorities Lot
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the leisure market as well. An attractive frequent flier program will increase the power of the airlines in the customer relationship. Threat of entry: threat of new entrants presents new firms’ possibility to enter the industry and make its returns falling down through prices competition. Since the hub and spoke system has taken place‚ the barrier to entry are higher because new carriers find it difficult to obtain gates and landing slots at the major hubs. In addition governmental and
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