1. Reading for this Lecture Porter M. (1990)‚ The Competitive Advantage of Nations‚ Chapters 3&4 2. Why Location Matters The ways that firms create and sustain competitive advantage in global industries provides the necessary foundation for understanding the role of the home nation in the process. There are five premises we must understand relating to national advantage: 1) The nature of competition and the sources of competitive advantage differ widely among industries and industry segments
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A Porter’s Five Forces Analysis explores five principal industry factors to determine the attractive of a given industry in a given market. In this P5F exercise‚ we look at the automobile industry in India. This is independent of any manufacturer. As such‚ it applies to every Indian car manufacturer. In any P5F analysis‚ one must examine the following: 1. The threat of new entrants 2. The bargaining power of buyers/customers 3. The threat of substitute products 4. The amount of bargaining
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‘national interest’ (Bache and George 2006: 12). The creation of the EU however‚ can be said to go further than that of intergovernmentalism‚ and is more commonly described as being a ‘supranational’ organisation. Although it can be debated as to whether a supranational institution is beneficial for the national interest of the member states‚ Hoffman’s theory claims that when the powers of a supranational body‚ in this case the EU‚ increases‚ it does so because the governments of the member states
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or its member states. With this the ECJ has had no formal grounds on which to make its decisions and has therefore had to look outside the EC and into other sources of European law. The ECHR‚ although not signed by the EU as one body‚ is signed by all 25 members of EU and has a great deal of standing in each signatory state. The ECJ‚ when making its decisions has demonstrated that the ECHR is a valuable source. For example in the early case of Nold the ECJ examines the status of fundamental
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Porter’s Five Forces Model versus A Blue Ocean Strategy Porter’s Five Forces Model‚ provided by Michael Porter‚ is an external environmental analysis tool for a specific market. This model emphasizes that in any existing industry‚ there are five competition forces: threat of new entrants‚ power of suppliers‚ power of customers‚ threat of substitute products‚ and intensity of competitive rivalry. In addition‚ these five forces can influence and determine the profitability of the enterprise. Using
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I Never Sang For My Father by Robert Anderson In the play I Never Sang For My Father by Robert Anderson the main characters are Gene and his father‚ Tom. The play develops around the conflict between these two characters‚ Gene and his dad are not close and argue all the time because of Tom’s attitude; he is selfish and considers himself to be the center of the universe. For example‚ Tom fell in love with his favorite program‚ so he forgot to entertain or give an attention to his son Gene. When
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1.0 Introduction In a dynamic business environment‚ companies enter industries whenever they see growth or profit potential or exit when they see a decline. As such‚ companies have to consistently practice an internal and external check or analysis on the company to see where they stand in the industry they operate in. The Boston-Consulting Group’s Growth model‚ among all other models provides one of the best guides to analyzing a company’s marketing performance and its potentials.
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Poy Sang Long Poy Sang Long is a rite of passage practiced in Thailand and Myanmar.It`s three days and it involves kids age 7 to 14 dressed like Buddha’s son. The children ride on an adults back for two days and on the third day they go to a monastery where they have to live for at least a week or more. I think this is a great custom for all these children because they have fun participating in the festival for two days and after that they decide if they want to stay in the monastery for more
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US Airline Industry – Porter’s Five Forces The year 2011 was another dismal one for US airlines in terms of financial performance. Despite an increase in both passenger numbers and revenues for the year‚ profits were down on 2010. In total‚ US airlines earned net profits of about $0.4 billion‚ representing a net margin of less than 1%. The dire financial state of the industry was underlined by AMR (the parent of American Airlines) entering Chapter 11 bankruptcy in November 2011. This ended AMR’s
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Porter’s Five Force Model Analysis For Indian Cigarette Industry 1. Threats of New Entrants=LOW •New Product differentiation Very Tough – already cigarettes at different price points‚ flavors‚ brand images • Access to distribution channel is tough – big & established players are present (e.g. ITC) • Capital requirement is very high for a pan India launching; • Local launch can not catch up scale – Can’t use Economies of scale • Government policy – high tax‚ no TV/Radio Ads
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