An analysis of Ocean Park. Table of Contents 1. Introduction 2. Analysis of Ocean Park’s Environment 2.1 PEST Analysis 2.1.1 Political and legal issues 2.1.2 Economic condition and trends 2.1.3 Cultural and social values and trends 2.1.4 Technology Analysis 2.2 SWOT Analysis 3. Conclusion 4. Reference 5. Appendices 1. Introduction Hong Kong Ocean Park is considered as a one of world’s largest marine park‚ located on the south end of Hong
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SWOT Analysis Strengths Ocean Park is one of the icons of Hong Kong‚ popular with locals and tourists as well‚ with over 53% of the total visitation made by guests from China or overseas. The Park ranked the world’s seventh most popular amusement park. Its first theme park in Hong Kong with 30 years of history and is recognized as a homegrown people’s park. Ocean Park keeps animals and water creatures. Cable Car service offers breathtaking views of Hong Kong’s beautiful southern coast‚ Aberdeen
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Assignment 1 Michael Porter’s Five-Force model provides a simple method for assessing and analyzing the competitive strengths‚ weaknesses‚ and position of a business organization. These forces are: Competitive rivalry Threat of substitute products Power of customers Power of suppliers Threat of new entrants and entry barriers into industry These forces assist businesses to identify whether potential high returns exist in the marketplace. The stronger the forces‚ the greater the competition;
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Analysing McDonalds (fast food outlets) using Porters 5 Forces model – sometimes called the Competitive Forces model. Introduction McDonalds Canada opened in 1967‚ thirteen years after McDonalds had taken the United States by storm. This was the first restaurant to be opened outside of the United States. It was in 1965 that McDonalds went public and offered shares on Wall Street. Since then it has been important for McDonalds to continually monitor its performance‚ to make sure it is competitive
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The Manila Ocean Park is an oceanarium in Manila‚ Philippines. It is owned by China Oceanis Philippines Inc.‚ a subsidiary of China Oceanis Inc.‚ a Singaporean-registered firm that has operated four oceanariums in China. It is located behind the Quirino Grandstand at Rizal Park. It opened on March 1‚ 2008. In terms of floor space‚ the 8‚000 square metres (86‚000 sq ft) oceanarium is larger than the Sentosa Underwater World oceanarium in Singapore‚ and features a 25-metre (82 ft) underwater acrylic
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MIS Porter’s Five Forces Model Of Toyota Porter’s five forces model is a framework for the industry analysis and development of business strategy. Three of Porter’s five forces refers to rivalry from external/outside sources such as micro environment‚ macro environment and rest are internal threats. It draws ahead Industrial Organization economics to develop five forces that conclude the competitive intensity and consequently attractiveness of a market place or industry. Attractiveness in this
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continuous improvement manager in the auto industry. Porters five force model is utilized in the auto industry to evaluate how the competitive forces are affecting the current market place. Michael Porter‚ a respected figure relating to industry analysis‚ created a way to analyze and estimate the profitability of organizations within an industry (Parnell‚ 2014). The analysis includes five principles which are classified as competitive forces. Existing rivalry‚ barriers to entry‚ threat of substitutes
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today’s dynamic markets. The rise of the Internet and of various e-business applications has strongly influenced nearly all industries. The model simply provides a shapshot of an industry‚ rather than a more dynamic picture which says something about the future‚ and can be more readily translated to strategy. Porter also does not consider the non-market forces. It assumes that the organisation’s own interest comes first; for some charitable institutions and government bodies this assumption may be
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In every industry‚ there is a model that can be used to identify the strategy‚ profitability‚ and power of particular companies. This model is called the five forces model. This gives an analysis of companies for competing and personal uses. The five forces model consists of two major parts. The first part of the model consists of rivalry among existing firms‚ threat of new entrants‚ and threat of substitute products. This part measures how much actual and potential competition there is. The second
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Assignment FIVE FORCE MODEL Introduction Michael Porter (1980) has identifies five forces that determine the intrinsic long run attractiveness of a market or a market segment in other words the competitive structure of an industry can be analysed using Porter’s five forces. Attractiveness in this context refers to the overall industry profitability. The overall industry attractiveness does not imply that every
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