PORTERS FIVE FORCE MODEL Porter’s Five force model includes 4 forces: * Potential Entrants(Threat Of Mobility) * Buyers(Buyer Power) * Substitutes(Threat Of Substitutes) * Suppliers(Supplier Power) * Industry Rivalry Application on the Telecom Industry: The forces that affect the Telecom Industry:- INDUSTRY RIVALRY: The above shows the different market share of the different firms such as Airtel which holds 28% of the total share being the highest ‚ Vodaphone
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• The Porter Generic Strategy framework enables an organisation to check the logic of its current competitive strategy and if necessary- the organisation can look for a new strategy • COMPETITIVE ADVANTAGE- the ability for a company to add more value for its customers than its rivals (therefore hold a position of relative advantage)….. The key drivers of competitive advantage are cost leadership and differentiation product • COMPETITIVE STRATEGY- the means by which an organisation seeks to achieve
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Amazon 5 Bullet Points: Product Description: -------------------------------- Wait for Approval before proceeding below --------------------------- ViveHealth.com Short Product Description: Providing useful compression therapy‚ the Vive leg compression pump promotes increased circulation to reduce swelling and leg pain. With three modes of operation‚ including massage‚ lymphatic‚ and recovery‚ the four-chamber Vive sequential compression pump works to relieve symptoms related to venous
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2 Strategic Analysis: Compulsory Questions What business is the organisation in? manufacturing/retail‚ etc. Who do they compete with‚ and how do they compete? Who are the organisation’s stakeholders? Key stakeholders & their influence. What are the external drivers for change? – PEST model‚ macro environment. – Five Forces model‚ micro/industry environment. How does the organisation gain value? – Resource audit‚ tangible & intangible. – Value Chain and Value System analysis. Assess the balance
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Assessment of the Six Forces Porter’s forces analysis is a framework for industry analysis and business strategy development that draws upon industrial organization economics to determine the competitive intensity and overall industry profitability. These forces are 1) potential entry of new competitors‚ 2) bargaining power of suppliers‚ 3) bargaining power of buyers‚ 4) substitute products‚ 5) rivalry among competing sellers in an industry‚ and 6) power of stakeholders. A change in any
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Beyond Porter – A Critique of the Critique of Porter The writings of the American managementguru and Harvard-Professor Michael E-Porter are considered to be among the most influential of their subject – and among the most critiqued ones. Porter had a lasting influence on strategic management with his books about competitive advantages on industry level and on global level‚ which were written in the eighties. Porter’s models like the Five Competitive Forces‚ the Value Chain or Porters Diamond have
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Within Gladwell’s books the prevalent theme of the little things comes up constantly. The Tipping Point being the book where it prevails the most. Gladwell believes that the little things define most of the outcome in life. When he begins the book he starts off with mentioning that economists talk about “...the 80/20 principle… the idea that… 80% of the “work” will be done by 20% of the participants’’. In daily life it can be found that the 80/20 principle takes place for example a group project
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“The whole point of knowledge is to produce both meaning and purpose in our personal lives.” To what extent do you agree with this statement?” At first glance to this question‚ it divides into three main parts; the whole point‚ meaning and purpose‚ and personal lives. The phrase ‘the whole point of knowledge’ refers that ‘the only reason for having knowledge’. The second part of the question is considering the meaning and purpose. Meaning is the definition of an abstract concept that “attributed
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Porter Five Forces – Degree of Competition The UK banking industry is made up of three distinct types of competition which include the following (OFT‚ 2010): · Retail banks - Accept deposits and use these funds to make loans as well as offering other financial products to consumers and firms. Lloyds Banking Group‚ Virgin Money‚ Metro Bank‚ · Universal banks which not only offer retail banking services but also offer wholesale and investment banking services. For example: Barclays‚ HSBC
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Orientation Power Point: I assisted in revamping the orientation power point. Facts regarding the company were checked from the website. The various product ranges offered were also discussed. Competitors’ data from the R&D department were taken and the AUM (asset under management) growth was reflected to show where UBL funds stands. Moreover‚ the orientation power point included the industry overview‚ a brief history about UBL and its management‚ vision‚ mission‚ schemes and the HR policies regarding
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