Porters 5 forces Pestle? Business plan The unexpected Incongruities‚ Process needs‚ Industry structure‚ Demographics Changes in perception‚ New knowledge Idea‚ Invention‚ Innovation‚ Diffusion Companies own assets Physical Intangible Human In the past Competitive advantage came from physical assets such as property/land/Financial clout Still important (anyone fancy taking on Apple?) but Intellectual property (patents) and key process management (we know how to do this) i.e. what we
Premium Innovation Value added Creativity
PORTERS FIVE FORCES Threat of new entrants: Since nokia was a profitable market. It becomes bait and other companies would like to join. Unless the new entry firms can be blocked‚ the revenue or profit will reduce. However in other to be able to compete with established firms‚ new entrants will need to invest highly in technology and marketing. Hence the threat of new entrants is very low. Power of suppliers: Nokia has a number of suppliers who provide them with equipment’s. Hence nokia could
Premium Mobile phone Smartphone Nokia
Rio Tinto | June 26 2013 Executive Summary When the Oyu Tolgoi mine commenced its operations in 2010[1]‚ it appeared to be a very promising opportunity. One that will lead to both the development of the Mongolian economy and the profitability of Rio Tinto. However‚ subsequent disagreements between the Mongolian Government and Rio Tinto regarding the distribution of wealth‚ employment‚ and financial transparency have become extremely pervasive. These issues stemmed from citizen pressure to
Premium Mining Rio Tinto Group Mongolia
EXHIBIT 1 Porter’s 5 Forces: Computer Industry Threat of New Entrants: Medium With the standardization of most of the computer components‚ it becomes easy for customers to change their laptops. This leads to a moderate customer switching cost. The availability of direct-to-customer service and retailers‚ it becomes easy for customers to find their desired product as well as for companies to provide their products in less time and with reduced cost. If any new player wants to enter into the market
Premium Personal computer Switching barriers Computer
among the world leaders in the production of many commodities‚ including aluminium‚ iron ore‚ copper‚ uranium‚ coal‚ and diamonds. Although primarily focused on extraction of minerals‚ Rio Tinto also has significant operations in refining‚ particularly for refining bauxite and iron ore. As of March 2009‚ Rio Tinto is the fourth-largest publicly listed mining company in the world * Wide Product Range: The company produces aluminium‚ copper‚ diamonds‚ coal‚ iron ore‚ uranium‚ gold and industrial
Premium Mining Rio Tinto Group Aluminium
5 Forces Model 1. Threat of New Entrants.( LOW) a. The average person can’t come along and start up a bank‚ but there are services‚ such as internet bill payment‚ on which entrepreneurs can capitalize. Banks are fearful of being squeezed out of the payments business‚ because it is a good source of fee-based revenue. b. Another trend that poses a threat is companies offering other financial services. What would it take for an insurance company to start offering mortgage and loan services? Not
Premium Bank Financial services Finance
a clear consensus in the senior team about the strategy and vision‚ there will be less information exchange‚ more conflicts and less ability to respond to external change (Hambrick‚ 1994). Rio Tinto idea conversion is the weakest link or the bottleneck for the selection and development of ideas. Rio Tinto needs to build an energy around ideas to inspire teamwork and enable rapid prototyping. According to Bryant (2015)‚ open innovation is the key to deliver safer and more profitable operating model
Premium Innovation Management Creativity
Analyze Industry Structure In the analysis of the structure of the industry‚ competitive forces in industry analysis can be developed such as: 1. Threat of new entrants. In every industry there are problems for companies to face such as the entry of new competitor in the same industry. This is because it can lessen the market share of the company. These new companies use different approaches to attract the customers like they might offer cheap rates as compared to the well reputed brands for the
Premium Pizza Material Pizza Hut
Closure Standard October 2010 Confidential This document is the copyright property of Rio Tinto and contains information which is confidential to companies within the Rio Tinto Group. © Rio Tinto 2010 Effective Date: Status: Document No: Authorised by: Prepared by: 01 October 2010 Version No: 4 STCLO_D4 Dan Larsen on behalf of Closure Steering Committee Closure Working Group Rio Tinto plc. Registered office 5 Aldermanbury Square‚ London‚ EC2V 7HR‚ United Kingdom. Registered in England No. 719885
Premium Rio Tinto Group Cost overrun Cost
calculated that of 200 customers who completed the questionnaire at the rock festival‚ the mean age was 23. The age distribution conformed to a curve of normal distribution with a standard deviation of 5. Calculate the number of customers aged 33 and over who featured in Sonia’s survey (33-23)÷5 = 2 2% of 200= 4 Answer= 4 2) With reference to the report on the UK smoothie market (appendix 2) analyse two limitations of using secondary sources as the basis of Sonia’s decision making
Premium Decision making Decision theory Decision engineering