Rivalry: In the traditional economic model‚ competition among rival firms drives profits to zero. But competition is not perfect and firms are not unsophisticated passive price takers. Rather‚ firms strive for a competitive advantage over their rivals. The intensity of rivalry among firms is very large in case of jewelry business. There are a lot of big brands and even small small jewelers are present in the market. II. Threat Of Substitutes In Porter’s model‚ substitute products refer to products
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services to consumers. Amazon ‚ Flipkart ‚ Myntra ‚ Jabong etc. Business – to – Business ( B 2 B ) A e – Marketplace for businesses to sell products and services to businesses i.e. retailers or corporate consumers. Alibaba ‚ Indiamart etc. Customer – to – Customer ( C 2 C ) A e – Marketplace for consumers to sell products and services to consumers through a business organization who acts as a facilitator. e – bay ‚ Google adward ‚ Quikr etc. Well Flipkart is a leading player in Indian
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its official site amazon.in. Two days ago it introduced range of electronic goods on its site including links to more than 150 online retailers. Surely‚ the booming e-commerce market in India is at an exciting phase. The market leader in India‚ Flipkart‚ having established its brand firmly here‚ is going to face a tough competition in the coming days from US based giant. The nervousness is plausible from Flipkart’s rush to attract and entice more customers with heavy discounts on range of its
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MCA- MARKET COMMUNICATION ANALYSIS OF FLIPKART ADS ADVERTISEMENT AT GLANCE The MC opens with a child imitating a popular anchor of a news channel. He welcomes his audiences to his show‚ ’India wants to know’. He immediately turns and starts the debate "Mr. Venkat –‘kya aap online shopping karte hain?’ The screen displays two more child-adults.The child-adult in centre speaks in favor of online shopping while the other one imitating a politician starts shouting‚ "Talking about traffic
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Most discussions of the competitive success of nations look at aggregate‚ economy-wide measures like the balance of trade. Porter chose a different starting point‚ beginning with individual industries and competitors and building up to the economy as a whole. Nations do not compete in the marketplace—business firms do‚ and the performance of individual companies in particular industries in where competitive advantage is either won or lost. The home nation influences the ability of its firms to succeed
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Economic policy Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market‚ national ownership‚ and many other areas of government interventions into the economy. Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as political beliefs and the consequent policies of parties. Types of economic policy Almost
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prevailing therein. The most influential analytical model for assessing the nature of competition in an industry is Michael Porter’s Five Forces Model‚ which is described below: Michael Porter described a concept that has become known as the "five forces model" to help understand how competition affects your business. Porter’s 5 forces analysis is a framework for industry analysis and business strategy development developed by Michael E. Porter in 1979 of Harvard Business School. It uses concepts
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read was‚ What is Strategy? By Michael Porter. In this article Porter talks about the abilities to set objectives‚ facilitate resources and the ability to target the right customers. Porter goes onto talk about operational efficiency. He says that operational efficiency is basically preforming similar tasks better than your rivals in the market. He emphases being different than your rival‚ don’t try to be better and always out do them‚ be different and unique. Porter stresses that to have a competitive
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Module name : international business management module Teacher : Ian Norman student Name : Mokbul Hossain Student Id : 000762547 Question: As a management consultant advising a country of your choice‚ explain how u can use Porter ’s Diamond model to evaluate and improve the nation ’s competitive position. Introduction Business world is getting complicated day by day .Companies want to do business like participating in the competition for profit or market share. We are now at
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In Michael Porter’s article about The Five Competitive Forces that Shape Strategy‚ he identifies the five forces that shape industry competition as: threat of new entrants‚ bargaining power of buyers‚ threat of substitute products or services‚ bargaining power of suppliers‚ and rivalry among existing competitors. Then he breaks each of these down even further‚ giving information about the factors that should be considered when making assessments in each of these areas. The main underlying purpose
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