Leisure- Cruise Industry Major: Marketing Porter’s Six Forces I. Threat of New Entrants: Low * Barriers to entry: High * High Capital Requirements: The capital required to start up a cruise line is one of the key factors contributing to this industry’s high barriers to entry. With the average cost of building a cruise ship rising‚ the amount of capital needed to start up a cruise line is estimated at one billion dollars. Therefore discouraging any new entrants into the industry. * High
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10. CybAero AB Porter Five Forces analysis (Aerospace and Defense Industry) Threat of substitute products and services: MEDIUM There are currently many alternatives to aircraft travel‚ including cars‚ rail‚ and ship. Depending on distance‚ air travel has a significant advantage as far as speed and convenience. High speed rail may be a significant competitor. Also‚ as more people use the internet to teleconference‚ air travel may become less necessary in the business community. Other aerospace products
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The Leisure-Cruise Industry February 17‚ 2011 Business Management Introduction One of the rapid producing leisure industry divisions‚ the cruise industry faces several challenges. Whereas supply continues to rise at double-digit levels‚ demand battles to keep speed. Known the demands on communications and the jeopardy of an eroding on-shore practice‚ less port are in a location to provide accommodation the cruise lines as supply grows. At the similar time‚ the community sector’s inspection
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The Hotel Industry Overview The hospitality industry covers a diverse range of establishments providing hospitality services in the form of accommodation‚ meals and drinks. A large proportion of people working in the hospitality industry are employed part-time and this is an increasing trend. It is estimated that by the year 2007 about 55% of the people employed in the hospitality industry could be working full-time and 55% part-time. This reflects the realities of the industry‚ where there is
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Resource Practices In Hotel Industry INTRODUCTION TO HOTEL INDUSTRY One of the fastest growing sectors of the economy of our time is the hotelindustry. The hotel industry alone is a multi-billion dollar and growingenterprise. It is exciting‚ never boring and offer unlimited opportunities. Thehotel industry is diverse enough for people to work in different areas of interestand still be employed within the hotel industry. This trend is not just in India‚ but also globally. Modern hotels provide refined
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Porters Five Forces of the Retail Industry I. Supplier Power The bargaining power of Suppliers is relatively low. There is a high competition between suppliers which means that their ability to raise prices or reduce quantity is very low. Suppliers include both domestic and international manufacturers and because many retail products are standardized‚ retailers have low switching costs which make the supplier power low. Larger retailers have power over their suppliers because they can threaten
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Sustainable Development in Hotel Industry by Chandershekher Joshi “Customers’ green attitudes are‚ in general‚ significantly associated with their expressed intentions to visit a green hotel‚ to spread word-of-mouth about a green hotel‚ and to pay more for it.” -- International Journal of Hospitality Management “Eco-friendly hotels get higher consumer reviews than their non-green counterparts.” -- Travelocity Executive Overview Today‚ ‘Green’ or ‘Sustainable’ hotel becomes a buzz world
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ACADEMIC PAPER The diamond approach to the competitiveness of Korea’s apparel industry Michael Porter and beyond Byoungho Jin Oklahoma State University‚ Oklahoma‚ USA‚ and Hwy-Chang Moon Seoul National University‚ Seoul‚ South Korea Abstract Purpose – The Korean textiles and apparel-related industry has played a major role in the country’s development; however‚ this sector’s competitiveness is decreasing due mainly to labor costs. As with the country’s economic development‚ the new sources
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hospitality industry‚ there are several we need to keep an eye on but three we need to focus on. Either by collaboration or by competition we must be willing to change and adapt while still maintaining a focus on excellent customer service and staff retention. This is not as easy as it sounds‚ as it is a delicate balance‚ but VITAL if you are in the hospitality industry to stay. When looking at the future and what key findings we should analyze when concerning the hospitality industry‚ there are
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Porter Analysis of the Zara Fashion Chain The Zara fashion chain‚ with 546 stores in 30 countries today ?from which 340 are outside Spain- and ?2914‚3 millions of total sales in 2002‚ is undoubtedly the group?s locomotive (Inditex‚ 2003). In 2002 it represented 33% of the group?s total stores‚ accounted for 72% of the group?s total sales and contributed to the holding?s total profits for ?540.4 millions (Inditex FY2002 Results Presentation‚ 2003). Moreover‚ Zara with 75-90 new stores within 2003
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