scales of the airlines industry. However‚ entering an airline industry need to spend a lot of money and time. For instance‚ they need to limited gate spaces‚ spend high capital cost‚ and computer system costs. As Southwest had already become the first model of the short-haul flight industry‚ it is difficult to other airlines to accomplish this goal. Substitution: Substitution to air industry includes car‚ buses‚ trains and trips. The most possible substitutions are vehicles and coaches; however‚ flights
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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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restaurants that serve coffee or other items like tea‚ soda and coffee from home; also‚ the switching cost are low for the consumer. All of this combined means the threat of substitutes is extremely high in this case. The fourth item in Porter’s model is the threat of new entrants. The threat of new entrants refers to the ability of new competition to enter the market. Starting a coffee shop does not require economies of scale‚ the capital investment is low and consumer switching cost is low; all
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President of North Korea. A country with the 5th largest army in the world. This clearly illustrates the instability of North Korea and the reason why we should take North Korea very seriously. The United States needs to exert more political pressure as well as become more informed about the North Korean crisis due to the fact that North Korea threatens world peace by atrocious human rights violations‚ exhibits a constant state of war‚ and is demonstrating a propaganda campaign that serves as a model for other dictatorial regimes
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5 Forces Model 1. Threat of New Entrants.( LOW) a. The average person can’t come along and start up a bank‚ but there are services‚ such as internet bill payment‚ on which entrepreneurs can capitalize. Banks are fearful of being squeezed out of the payments business‚ because it is a good source of fee-based revenue. b. Another trend that poses a threat is companies offering other financial services. What would it take for an insurance company to start offering mortgage and loan services? Not
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‘safeguard against the illegal use or application of patented technology and copyrights by local imitators’ (Isobe et al.‚2000). The FFF presumes that rivalry in its economic form is not impeded by forces ‘external’ to the product marketplace. The model transports‚ perhaps inadvertently‚ a dominant assumption of Bain/Mason paradigm (Bain‚ 1968; Mason‚ 1939): legally enforced rules pertaining to Antitrust (e.g. price discrimination‚ collusion and unfair trade practices) and to intellectual property
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knowledgeable of where it stands‚ it can more accurately assess its strengths and weaknesses and what is‚ or has the potential to be‚ it’s competitive advantage. Michael Porter‚ believed that the basis for this advantage falls under 3 base strategies of Cost leadership‚ Differentiation and Focus. With the use of his generic strategy model‚ a firm‚ understanding where its competitive advantage lies‚ can then formulate and implement an effective business strategy geared towards the sustainability of
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which country will you travel? Republic of Korea To which cities in this country will you travel? Jeju Island & Seoul When will you
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Totalitarianism: North Korea “If you want a vision of the future‚ imagine a boot stamping on a human face--forever.” - A quote made the famous George Orwell‚ and can be said about any totalitarian government. Whether it be WWII Germany‚ the Soviet Union‚ or even China. They all ran their respective regimes under the flag of totalitarianism‚ thus subjecting their peoples to the iron fist that typically accompanies this type of regime. That was the past‚ and one would think that these regimes have
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North Korea had prevailed to become the 8th atomic power in the world‚ since the construction of their second nuclear test in 2006. While then the United States and other international community countries have attempted to negotiate deals in order to denuclearize their nation. To this day North Korea has progressed technologically in advancing their development of nuclear ordnance. The sociological trend throughout the past decade in North Korea varies‚ but carries a common ideal. North Korea has inclined
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