A mobile phone (also known as a cellular phone‚ cell phone and a hand phone) is a device that can make and receive telephone calls over a radio link while moving around a wide geographic area. It does so by connecting to a cellular network provided by a mobile phone operator‚ allowing access to the public telephone network. By contrast‚ a cordless telephone is used only within the short range of a single‚ private base station. In addition to telephony‚ modern mobile phones also support a wide variety
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Porter 5 forces analysis Bargaining power of Customer: Buyer concentration to firm concentration ratio: Bank industry is a high buyer concentration industry‚ many people use bank service‚ such as deposit money‚ mortgage‚ loan‚ investment‚ insurance and currency exchange (HIGH). The concentration ratio of international bank industry is medium‚ many large bank exist in the world‚ such as Standard Chartered‚ CitiBank‚ HSBC‚ Fortis‚ and Deutsche Bank (Medium). Buyer information availability (HIGH):
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THE FIVE COMPETITIVE FORCES THAT SHAPE STRATEGY Porter on his 1979 HBR article states 5 competitive forces that can hurt your desired profits: 1. Established rivals (old competition) 2. Understanding the customer (their needs and desires) 3. Suppliers (how to make it less expensive) 4. New players (new or temporal competition) 5. Substitutes (other services or products that may replace ours) If the forces are intense‚ companies don’t obtain attractive returns for their investments. If forces
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PORTERS FIVE FORCES Threat of new entrants: Since nokia was a profitable market. It becomes bait and other companies would like to join. Unless the new entry firms can be blocked‚ the revenue or profit will reduce. However in other to be able to compete with established firms‚ new entrants will need to invest highly in technology and marketing. Hence the threat of new entrants is very low. Power of suppliers: Nokia has a number of suppliers who provide them with equipment’s. Hence nokia could
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phone is a good technology which is not lacking from our lives. This report will discuss the advantages and disadvantages of using mobile phones. Today‚ mobile phone has become popular to everybody since it is very convenient. The most advantage of having a mobile phone is you can communicate to your family and your friends no matter what where you are. For instance‚ you can contact easily to your friends by calling or sending messages everywhere without electricity. It is maybe the main reason
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they have unknowingly become the slaves of technology. It has also helped to create convenience to the people. To date‚ many people are using their mobile phone as their personal digital assistant‚ one example is Smartphone. Smartphone is a combination of mobile phones and personal digital assistant. As a mobile phone‚ it can be used to make phone calls‚ update contact list‚ personal calendar and task list. With technology enhancements‚ its role as a personal digital assistant will help to create
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Five Forces analysis of the Construction Industry in Sweden “The authors conclude that the less competitive a market environment‚ the higher will be the amount of corruption by giving public servants the incentive to extract some of the monopoly rents through bribes.” (Lambsdorf‚ 1999) Industry background: The Swedish construction business consists of four main actors namely JM‚ NCC‚ PEAB and Skanska that historically have had exclusive rights to bid on large-scale governmental projects
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Advantages: * You can carry a mobile phone with you so you don’t miss important calls * If you are lost‚ you can call for directions. * If you are in an accident‚ you can call the police or ambulance - and if the phone has a camera‚ you can take pictures of the accident. * You can listen to music‚ text‚ play games when you’re bored. * Most mobile phones have a calculator and a phone book. * You can use a mobile phone to call your customers or boss if you are running late to a
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Threat of New Entrants: Low The food processing industry is very large and competitive; it is not uncommon for firms within the industry to do quite well. As a result‚ many companies enter into the market every year in an attempt to gain a portion of the profitable market. Luckily for Nestlé‚ the company has been around in China for decades and boasts a long history of quality products and consumer satisfaction‚ which has allowed the company to obtain a considerable share of the market. It is
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Porter’s 5 force model for the automatic vending industry Porter’s 5 force model is framework for industry analysis that determines the competitive power and appeal of a market. These ‘5 forces’ show a company’s ability to serve its clients and make a profit. The model is particularly useful for those who are looking to enter into the market as the model creates a clear picture of the industry. Porter’s 5 key forces for the automatic vending industry are: 1. The threat of potential entrants
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