The five competitive forces that shape strategy Introduction The five competitve forces that shape strategy also know as Porter’s five forces was first pubilshed in 1979 in the Harvard Business Review by a young associate professor at the Harvard Business School‚ Michael E. Porter. This article started a revolution in the strategy field and has since than shaped a generation of academic research and business practise. Throughout the last thirty years Porter’s Five Forces Analysis has been the
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the sale of pipes (eg. Engineering‚ welding or fabrication services) or offer pipe fittings (see Appendix D). Besides that‚ the firms differ in terms of the size and type of pipe that they are selling (Differences of pipe size is explained in Appendix E). Examples of such
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Introduction to E-Commerce 1. Allows organizations to exchange information relating to the sale of goods and services through the integration of three elements: a. Communications b. Data management c. Security capabilities 2. Traditional vs E-commerce a. Information exchange and processing b. Authentication and nonrepudiation c. Customer service 3. E-commerce models a. Business to customer (B2C) i. Businessa
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This paper provides an overview of e-commerce activities in the textile and apparel industries. We begin with a brief look at the current competitive landscape in the “bricks and mortar” apparel industry‚ highlighting the changes that have occurred over the past decade as retailers have adopted “lean-retailing” business models in response to increased product proliferation and shorter product life cycles. With the advent of the internet‚ apparel sales have started to move on-line. To understand
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Porter’s Five Forces The Threat of New Entrants (Low) There is a great amount of economies of learning and scale in the oil industry for Example BP has been searching for oil since 1901. They invest a huge amount in up-to-date technologies making it difficult for new entrants to compete. His obviously requires huge capital investments in R&D as well as start-up cost‚ for example a truck just to carry the oil costs over $1‚000‚000. There is a lot of regulation in the industry especially with
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cause a company to continue doing business in traditional ways and avoid electronic commerce. Ans: Following three factors that can cause company to continue doing the business in traditional way & avoid electronic commerce:- a. Perishable foods. b. High-cost items. c. Unique items. 1. Choose one major difference between the first wave and the second wave of electronic commerce. Write a paragraph that describes this difference to a person who is not familiar with
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The web environment is quite different from that of the traditional brick and mortar businesses. The very nature of e-business necessitates the need for things to be viewed from a different perspective. An important contemplation is whether ethics needs to be considered‚ and if so‚ the development and implementation of policies that would support that need should be explored. In comparing the way business is transacted via the Web to that of a traditional business‚ one area of interest is privacy
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industry is Michael Porter’s Five Forces Model‚ which is described below: Michael Porter described a concept that has become known as the "five forces model" to help understand how competition affects your business. Porter’s 5 forces analysis is a framework for industry analysis and business strategy development developed by Michael E. Porter in 1979 of Harvard Business School. It uses concepts developed in Industrial Organization (IO) economics to derive 5 forces that determine the competitive
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E-commerce Usability Essential readings from Taylor & Francis: Designing Usable Electronic Text Andrew Dillon‚ University of Texas‚ USA ISBN 0–7484–0112–1 (hb) ISBN 0–7484–0113–X (pb) Inclusive Design Guidelines for Human–Computer Interaction Edited by Colette Nicolle‚ HUSAT‚ UK and Julio Abascal‚ University of the Basque Country‚ Spain ISBN 0–7484–0948–3 (hb) User Interface Design for Electronic Appliances Edited by Konrad Baumann‚ Philips Consumer Communications‚ Vienna‚ Austria
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E-Commerce today 1. Use of Internet‚ digital commercial transactions between organisations and individuals. 2. Money exchange in return of products and/or services. 3. Began in 1995‚ 1st internet portals: netscape.com => new media (ads and sales). 4. Exponential growth curve => it is slowed down only in 2008 (to 16% annual growth!)‚ FYI: „dot-com” bubble burst in March‚ 2008. Companies were failed‚ yet many others not (i.e.: Amazon‚ eBay‚ Expedia‚ Google). 5. 1.4 billion people
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