pleasure. Everyone wants to travel to most beautiful tourist’s destinations‚ natural places and man-made creations. We‚ human beings‚ explore‚ discover and observe unwanted sceneries for educational‚ business and leisure purposes. Within limited visit time‚ we gather new things that we got from our journey. We travel through air‚ sea and land transportation‚ with or without money to spend for travelling. Even if you are young or old‚ man or woman‚ everyone can travel. Travel gives us wisdom‚ the wisdom
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Porter’s 5 forces analysis on Air Asia 1. Threat of new Entrants The extent of barriers to entry depends on the strength of: Customer has little brand loyalty. If consumers of Air asia do not have brand loyalty‚ then the strength of the threat of new entrants is very high. The high numbers of competitors in the industry also decrease Air asia’s customer loyalty. Most of the travelers prefer low cost. New competitors which want to come in the industry have to spend little to compete
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warner has primarily a ‘Narrow approach’ Porter suggest companies with a narrow approach are considered as “cost leaders” continuing to say “these are Firms choosing to serve broad markets and to derive advantage through low costs” Porter‚ M.E. (1991). Time Warner doesn’t just seek the status of “cost leader” they also purse “focus strategies” Porter states “these are firms targeting narrow market segments and by emphasizing either low costs or uniqueness” Porter‚ M.E. (1991). On the other hand‚
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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
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this report is to inform airline executives about the external forces affecting their industry and what they can do to keep up with the changing business atmosphere. The terrorist attacks of 9/11 had a grueling effect on the economy‚ and while most industries are almost back to their pre-9/11 financial status‚ the airline industry is lucky to break-even. This report will explain three leading trends that are forcing the airline industry to re-think their stance on strategic planning. The first trend
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Management and Planning – CE00317-2 Group Assignment Learning Outcome: The written report of this assessment is designed to assess students’ ability to: 1. define‚ describe and discriminate between strategy and planning and show an understanding of the vocabulary of the subject applied to the management of a business organisation 2. describe and discuss a typical planning process including the role of qualitative and quantitative forecasting‚ modelling and dealing with uncertainty‚
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Porter’s Five Forces Analysis on Indian Retail Industry An analysis of the structure of the industry should be undertaken in order to find effective sources of competitive advantage (Porter‚ 1985). Therefore‚ in order to analyse the competitive environment of Tesco‚ Porter’s five forces analysis has been used by the researcher as follows: Threat of substitute products and services The threat of substitutes in the grocery retail market is considerably low for food items and medium to high for
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We travel‚ initially‚ to lose ourselves; and we travel‚ next‚ to find ourselves. We travel to open our hearts and eyes and learn more about the world than our newspapers will accommodate. We travel to bring what little we can‚ in our ignorance and knowledge‚ to those parts of the globe whose riches are differently dispersed. And we travel‚ in essence‚ to become young fools again -- to slow time down and get taken in‚ and fall in love once more. The beauty of this whole process was best described
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ac.in ECONOMICS OF STRATEGY - 13MCEC05 PORTER FIVE FORCE ANALYSIS – TEXTILE INDUSTRY SUBMITED BY Page Submission date – September 13‚ 2013 Word count – 3804 1 Five Forces Analysis Template 1) Factors Affecting Rivalry among Existing Competitors To what extent does pricing rivalry or non-price competition (e.g.‚ advertising) erode the profitability of a typical firm in this industry? Characterization Future (Current) Textile industry has high degree of specialization. Developed
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In this process‚ people tend to forget‚ who they are and what they are. There is no time to ponder and wonder. They tend to forget the values of life. Travelling is a time when people relax‚ reflect and ponder. Most people‚ after a pleasant travel‚ return home with a fresh outlook‚ new zeal and a better determination. Travelling has also a great informative value. It widens the grasp of our knowledge of geography‚ different cultures and people‚ etc. For example‚ when people of Assam visit
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