Michael Porter’s Five Forces Model Michael Porter … “An industry’s profit potential is largely determined by the intensity of competitive rivalry within that industry.” Porter’s Five Forces Portfolio Analysis … … Strategy at the time (1970s) was focused on two dimensions of the portfolio grids … … Industry Attractiveness … Competitive Position Where was Michael Porter coming from? School of Economics … … at Harvard … Structural reasons why … … some industries were profitable
Premium Strategic management Porter five forces analysis Management
Response to Week 2 DQ: Five Forces Model framework developed by Professor Michael‚ E. Porter of Harvard Business School in 1979‚ is a powerful strategic business assessment tool useful in strategic assessment of business position in a volatile competitive market situation to understand where the business competitive power positions and analyze both the current competitive strength and the position which the business is intended to move into to gain profitability while and customer’s desirability’s
Premium Strategic management Supply chain management Management
Things are easier said than done! To realize our dreams and that also in such a grand manner is really a tough task. The founders of Flipkart have probably conquered their dreams with the amazing success of Flipkart. Flipkart is something which has really opened up the Indian e-commerce market and that also in a big way. Flipkart was co-founded by Sachin Bansal and Binny Bansal in Oct 2007. Both are graduates from IIT-Delhi and have prior work experience in Amazon.com They both were solid coders
Premium Customer service Customer service Consultative selling
Porter’s Five Forces Model Posted on April 4‚ 2009 by admin Porter’s five forces model helps in accessing where the power lies in a business situation. Porter’s Model is actually a business strategy tool that helps in analyzing the attractiveness in an industry structure. It let you access current strength of your competitive position and the strength of the position that you are planning to attain. Porters Model is considered an important part of planning tool set. When you’re clear about where
Premium Strategic management Porter five forces analysis Management
Assignment1: Advantages and Limitations of Porter’s Five-Force Model Chaitanya K Mandyam American Public University System Michael Porter observed and explained the different levels of profitability across firms and industries by his “Porter’s Five - Forces”. The main factors that affect the difference are: 1. Threat of Substitutes‚ 2. Buyer Power‚ 3. Supplier Power‚ 4. Barriers to Entry/Threat of Entry and 5. Rivalry. He analyzed the importance of all these
Premium Strategic management Strategic planning Barriers to entry
Read the following 2 articles for incoming tutorial.. As Poverty Shrinks‚ Should We Worry About Inequality? – Kenneth Rapoza Forbes Magazine Thanks to global capitalism‚ there are much less poor people running around the world today than there was a decade ago. But there are also more rich people. Way more. And in rich countries‚ there are less middle class. So even as poverty is shrinking‚ inequality is rising among income levels as the new global plutocracy takes shape. Today‚ 43% live on less
Free Poverty World Bank Africa
Executive Summary Economic development of Sri Lanka is mainly based on agriculture and tea industry is a major contributor. For the past three decades tea industry intermittently faced with drastic issues resulting downward trend in economic and social development. Previously held dominated no one position of tea export is recently over taken by Kenya. Country economic policy to compete rigorously in world tea market is vital necessity for the growth‚ as the challengers with new producing countries
Premium Tea Green tea Black tea
INTRODUCTION Flipkart is an Indian e-commerce company headquartered in Bangalore‚ Karnataka. It’s being touted as India’s answer to Amazon. Founded by Sachin Bansal and Binny Bansal (not related to each other) in Oct 2007‚ Flipkart has catapulted to one of India’s most popular e-commerce sites and undoubtedly as the most popular online destination for books within a short span of three years. History Flipkart was established in 2007 by Sachin Bansal and Binny Bansal‚ both alumni of the Indian
Premium Electronic commerce
Lets discuss the factors that lead to the grand success of Flipkart: 1) They always strove to provide great customer service. Flipkart customers are more happy than with some of their competitors like Tradus.in‚ Indiaplaza.com; i have myself experienced this a couple of times. 2) Their website is great‚ easy to use‚ easy to browse through the products‚ add products to wishlist or to a cart‚ get product reviews and opinions‚ pre-order products‚ make payments using different methods‚ in short hassle-
Premium Marketing Search engine optimization Sales
What is Strategy? - Michael Porter Author of the article‚ "What is strategy?" reasoning based on the assumption that a company if a company can have a strong position‚ and be able to combine different activities can create sustainable competitive advantage which can lead a firm towards profitability and sustain its position in the market. This article is important for this course because firm ability to make decisions on how‚ when and where to target a customer group‚ use recourses‚ set
Premium Strategic management Strategic planning Strategy