eBay’s five forces Model of competition analysis In order to understand why and how eBay has been successful‚ it is important to understand Porter’s five forces model. The model includes threat of potential new entrants‚ threat of rivalry in the industry‚ threat of suppliers‚ threat of suppliers‚ threat of buyers and threat of product substitution. [pic] Rivalry in the industry Because of low entry barriers‚ the market is full of competitors. Yahoo! Auctions is one of the example competitors
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Online Shopping Versus Traditional Brick-and-mortar Shopping Consumers are making purchases daily. There are a number of occasions and reasons prompting people to shop. Special occasions such as birthdays‚ anniversaries‚ and holidays all contribute to retail sales. Sustaining one’s daily life through purchase of food‚ clothing‚ personal hygiene products and cleaning products also contributes to the economy through commerce. How do most people like to shop? In recent
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Advantages [edit] Convenience Online stores are usually available 24 hours a day‚ and many consumers have Internet access both at work and at home. Other establishments such as internet cafes and schools provide access as well. A visit to a conventional retail store requires travel and must take place during business hours. In the event of a problem with the item – it is not what the consumer ordered‚ or it is not what they expected – consumers are concerned with the ease with which they can return
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Porters 5 forces for Flipkart Threat of New Entrants : Industry seems to have very high potential but is at its nascent stage. Lots of scope of growth in the future Many small players might enter to explore the market High capital investment is required as it is still in the nascent stage. Would not be much of a deterrent as venture capitalists are interested in investing‚ as they see a future in it. Flipkart is already an established its brand name and network across the nation
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Compare and contrast shopping online with shopping in actual shops In current society‚ shopping has been a big part of peoples’ lives and it is becoming more and more popular. However‚ nowadays‚ science technology is more developed and more modern than before. Therefore‚ a lot of people are choosing online shopping. Between conventional shopping and online shopping‚ there are some advantages and disadvantages. Some people think shopping on the internet is suitable for the main reason that it is
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Vi NGUYEN ENGLISH 22 11-05-2013 The Procrastination Effect Procrastination is a big problem‚ it would happen on everyone‚ everything and at anytime. “Procrastination is on of the most common and deadliest of disease and its toll on success and happiness heavy” said by Wayne Gretzky. There are three major negative effects of procrastination in my life is anxiety‚ anger‚ stress. First‚ procrastination made me felt anxious. when I delay getting my work done; as a result‚ I know I won’t
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The Six Forces Model developed by Porter is a tool that determines the competition level in any industry and the attractiveness of the industry. The six Forces are: • Competition – this parameter is determined by the number of the competitors and their aggressiveness. If in your industry you have many competitors‚ and your competitors might be drawn into price wars‚ this will cause the profit rate to drop towards a competitive level (perfect competition) • New Entrants – if your industry is highly
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from opening more supercenters to opening smaller stores‚ giving them more accessibility to more ideal locations‚ such as large developed areas where real estate is at a premium and where a large format store would not be welcomed. Over the last five years leading to 2014 the industry has enjoyed steady growth‚ largely in part to the recession. Many consumers saw a decrease in disposable income‚ due to an unstable economy and increases on
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very low‚ since there are readymade platforms available for people to create their own website without any issues. A new online shopping store can be setup with much less hassle than a retail store therefore anyone can come up with similar products. Bargaining power of suppliers- Bargaining power of the supplier is high‚ since there are so many sites which sell goods online one site cannot demand for specific prices‚ thus the supplier has more bargaining power. Target.com.au has wide variety of
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Porter 5 forces analysis Bargaining power of Customer: Buyer concentration to firm concentration ratio: Bank industry is a high buyer concentration industry‚ many people use bank service‚ such as deposit money‚ mortgage‚ loan‚ investment‚ insurance and currency exchange (HIGH). The concentration ratio of international bank industry is medium‚ many large bank exist in the world‚ such as Standard Chartered‚ CitiBank‚ HSBC‚ Fortis‚ and Deutsche Bank (Medium). Buyer information availability (HIGH):
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