ssPorter’s 5 forces analysis for Arcelor Mittal 1. Competitive rivalry: Industry rivalry is high: Arcelor Mittal is still ranked no. 1 in the world top steelmakers (World SteelAssociation‚ 2013) with a reported 96.1 tonesof crude steel in 2013‚ higher than 93.6 tones in 2012. In 2014 Arcelo Mittal produced around 119 tones crude steel‚ it is present in 22 countries‚ all over the world. Ranked no.2 is Nippon Steel & Sumimoto Metal Corporation‚ with 50.1 tones crude steel in 2013. However‚ many companies
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EXHIBIT 1 Porter’s 5 Forces: Computer Industry Threat of New Entrants: Medium With the standardization of most of the computer components‚ it becomes easy for customers to change their laptops. This leads to a moderate customer switching cost. The availability of direct-to-customer service and retailers‚ it becomes easy for customers to find their desired product as well as for companies to provide their products in less time and with reduced cost. If any new player wants to enter into the market
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Introduction The value chain‚ or known as value chain analysis‚ is a concept from business management that was first described and popularized by Michael Porter. (Porter) Most of business strategy is to achieve a sustainable competitive advantage. Cost advantage and differentiation advantage are the two basic types of competitive advantage. Cost advantage can be obtained when the firm is able to deliver the same benefits as competitors‚ but at a lower cost‚ while differentiation advantage is
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Rivalry Unlike what one would expect‚ KFC has little rivalry with similar fast-food chains in China. The primary reason is that their core products are different‚ as in they sell different kinds of fast-foods with very different tastes and styles. For example‚ if KFC raised its price for chicken by a small amount‚ Chinese chicken lovers who may not be as accepting to pizzas (many Chinese people strongly dislike the taste of cheese) are not going to switch to Pizza Hut just because the price
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Industrial Analysis The Plastic Pipe Manufacturing Industry Prepared by Lau Yee Leong‚ Mike Master of Management‚ Taylors University Lakeside Contents No. | Description | Page Number | | | | 1.0 | Market Assessment | 3 | | | | 2.0 | Internal Rivalry | 4 | | | | 3.0 | Barriers to Entry | 5 | | | | 4.0 | Supplier Power | 6 | | | | 5.0 | Buyer Power | 7 | | | | 6.0 | Substitutes | 9 | | | | 7.0 | Conclusion | 10 | | | | 8.0 | List
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Analyze Industry Structure In the analysis of the structure of the industry‚ competitive forces in industry analysis can be developed such as: 1. Threat of new entrants. In every industry there are problems for companies to face such as the entry of new competitor in the same industry. This is because it can lessen the market share of the company. These new companies use different approaches to attract the customers like they might offer cheap rates as compared to the well reputed brands for the
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BHS0027: Strategic Management Hong Kong 2013/14 Written Individual report Task Using Porter’s Generis Strategies model‚ critically analyse IKEA’s competitive strategy. You must also recommend a course of action or direction that the organisation should take. Use the case study as a starting point and source relevant company information from their web site and other suitable sources. Style: report Word limit: 2500 words Deadline: 19 August 2013 Approximate weighting of marks and suggested structure:
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1. Discuss Porter’s Five Forces of industry competition‚ with relation to the entry of Southwest Airline in the airline market. The Porter’s Five Forces are as followed: Rivalry: The rivalry factors that could influence Southwest include high fixed costs‚ excess capacity‚ low differentiation‚ and price war. Fixed costs in the industry mean the costs of planes‚ fuel‚ pilots‚ flight attendants‚ and additional staff for luggage and customer service. All of these factors need to meet governmental
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Contemporary Strategic Analysis. Volume 5 p.130-185 Kanter‚ R Lieberman M.B. Montgomery D.B (1988)‚ “First-Mover Advantages”‚ Strategic Management Journal‚ Vol. 9‚ 41-58 Market Watch Porter‚ M. (M 2005) ’Michael Porter on Strategy ’‚ Leadership Excellence‚ 22‚ 6‚ p. 14‚ Business Source Premier‚ EBSCOhost‚ viewed 23 June 2014. Porter‚ M. (2008) M. E. Competitive Strategy‚ Free Press‚ New York‚ 1980. Pew Research. (2013) Cell phone ownership hits 91% of adults [Online] Available from: http://www.pewresearch
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the hotel industry’s internet strategy. In his Harvard Business Review article of 2001 Porter said “To find the answer we need to look beyond the immediate market signals to the two fundamental factors that determine profitability: Industry structure‚ which determines the profitability of the average competitor and sustainable competitive advantage which allows a company to outperform the average competitor” (Porter‚ 2001). This paper examines the five forces which impact competitiveness within and
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