Main Aspects of Porter’s Five Forces Analysis The original competitive forces model‚ as proposed by Porter‚ identified five forces which would impact on an organization’s behaviour in a competitive market. These include the following: • The rivalry between existing sellers in the market. • The power exerted by the customers in the market. • The impact of the suppliers on the sellers. • The potential threat of new sellers entering the market. • The threat of substitute
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Access the environment of Singapore (PEST) Political Forces 1. Political Climate Singapore is under a stable political climate. The political system is considered as centralized and authoritarian‚ the political culture is pragmatic‚ rational and based on the rule of law. The highest aim of the government is the nation’s survival and prosperity. Based on the results of Corruption Perception Index ranks‚ Singapore has a totally clean and corruption-free image in the world and it’s the least
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As Singapore is a small and relatively modern amalgam of Chinese‚ Malay‚ Indian and European immigrants‚ the culture of Singapore expresses the diversity of the population as the various ethnic groups continue to celebrate their own cultures while they intermingle with one another. For example‚ one can find a Malay wedding taking place beside a Chinese funeral. Singapore has achieved a significant degree of cultural diffusion with its unique combination of these ethnic groups‚ and has given Singapore
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(2011) © (2011) IACSIT Press‚ Singapore Competitive Pricing Strategies of Low Cost Airlines in the Perspective of Game theory Lim Seng Poh+ and Mohd. Ghazali bin Mohayidin Open University Malaysia Abstract. Price is the weapon of choice for many low cost airlines in the competition for market share. Regional low cost airlines’ pricing strategy for market stimulation is issuing free tickets and competing in ticket prices setting. It has been assumed as an effective strategy in influencing customers’
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and over 100 international stores worldwide including Singapore. It launched in 1964 and is considered the first fast fashion brand in the history of fashion. The goal is to produce catwalk trends as fast and cheap as possible. In this report‚ our group conducted a survey about Topshop to find out its target market and the perspective of these target market towards the brand. We basically asked people around school and friends around Singapore to answer this survey. We were able to asked 74 people
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visiting Singapore for business or pleasure. It follows the outline of "The Ten Commandments For Avoiding Intercultural Communication Problems" by Prof. Dr. Olaf Rankis. 2 Singapore 2.1 General Information The Republic of Singapore‚ the "Lion Island" is an independent city state and its capital is the City of Singapore. The capital measures about one sixth of the total area of the main island. The country is located in Southeastern Asia and consists of the island of Singapore and around
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"Strategic locations are places important to those with the power to make or break you. It thus follows that external trends‚ not local efforts‚ will always decide which locations thrive." Does the rise of regional hubs from Palembang to Melaka confirm or refute this theory? The Malay world first acquired high strategic value because improvements in shipping technology made seaborne trade more efficient than shorter land-based routes. Combined with the increase in demand for goods traded over long
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Competitive strategy is a field of great interest to managers and is mainly based on a thorough understanding of the industrial‚ trade and service‚ competitors and environment. However‚ until the 80s‚ has offered few comprehensive analytical methods to obtain it. The competitive analysis and formulate corporate strategy‚ planning also helps to finance‚ marketing‚ value analysis and many other aspects of daily life of a business. One interesting for corporate strategy planning approach has been proposed
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1980 book “Competitive Strategy: Techniques for Analyzing Industries and Competitors. Porter’s theory has often been used by many people to understand more about a company’s structure and the method or plan used to run its business. In his book‚ Porter identified 5 external forces that will affect an industry or a market. The type of forces can help us to understand or to analyze how a company makes its profits‚ or how it could attract others to do business with. Porter also helps to identify
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BAs assess business models and their integration with technology. Systems Development Life Cycle (SDLC) is a process used by a systems analyst to develop an information system‚ including requirements‚ validation‚ training‚ and user (stakeholder) ownership. The Systems Life Cycle (SLC) is a methodology used to describe the process for building information systems‚ intended to develop information systems in a very deliberate‚ structured and methodical way In Royce’s original waterfall model‚ the
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