Porter’s Five Forces analysis Except for the PEST model‚ Porter’s five forces model is also an important tool to do an external appraisal. The difference between those two models is that they apply to different levels of the environment. For example‚ PESTEL model is used to analyse the macro-level factors‚ which impacts almost all industries within this broad environment; however‚ Porter’s five forces model is more focused on the specific industry that the company is operating in. Porter’s five
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SELF-FAITH – DRIVING FORCE OF LIFE Madam Toastmaster‚ enlightened fellow members & distinguished guests : Recently Times Magazine declared Mahatma Gandhi as the greatest leader in world history till now. Highlighting the importance of self-faith; in one of his speeches he thundered: “First they ignore you‚ then they laugh at you‚ then they fight you‚ then you win.” We are the children of God; the sharer of immortal bliss‚ holy and perfect beings. We see divinities in greedy and power
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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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Introduction to Rooms Division Management Assignment of External business environment in Hospitality industry. Table of Contents Introduction 3 “If we do same thing today as we did yesterday… …we will get the same results tomorrow’’ 1. Forecast for 2009. 4 1. Travelers still tend to plan the trips.
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Most organizations have a focus on where they are going to be in a given time‚ this is often known as strategic planning. The organization’s mission covers various areas of interest including the service expected as well as the upkeep of the organization to attract potential customers. It is known to most companies where they are going; often all employees can view and read the philosophy of the mission statement‚ it is also placed in an area easily accessible for that purpose. A mission statement
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INDUSTRY ANALYSIS 1 External/Industry Analysis: Workforce Housing in the Oil and Gas Industry Steve McKeon Westminster College INDUSTRY ANALYSIS 2 Introduction The external analysis is designed to help companies identify specific trends and events that may have an impact on their business. This concept is not difficult to understand‚ but many companies have fallen victim to their own complacency. This is why the external analysis is so important and must be evaluated on a regular
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TELECOM INDUSTRY INDIAN TELECOM INDUSTRY OVERVIEW 315 mn mobile subscribers by September 2010 39 mn fixed line subscribers by September 2010 Crossed 25% teledensity mark in March 2010 10.42 mn subscribers added in month of October 2010 There are 6-7 telcos operating in each of 23 license areas. Airtel‚ Reliance‚ Vodafone & BSNL‚ who are “the Big 4” have 74% market share Growth is expected to continue and even accelerate‚ reaching a projected 496 mn mobile subs by 2010. Fixed
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The drive against drunken driving and binge drinking has helped shift sales from the ’on-trade’ (beer consumed on the premises‚ as in pubs or restaurants) to the off -trade (retail). Worldwide‚ the off-trade increased from 63 per cent of volume in 2000 to 66 per cent in 2005. The off-trade is increasingly dominated by large supermarket chains such as Tesco or Carrefour‚ which often use cut-price offers on beer in order to lure people into their shops. More than one-fifth of beer volume is now sold
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Retailing VTU notes PART-B- RETAIL MANAGEMENT MODULE 5 - RETAIL MANAGEMENT Retail Management: Definition: “Retailing consists of activities involved in selling goods and services to ultim ier. Retailers will be interested to assess the working of the supplier on paramerter such as innovation‚speed of new product or variant introduction‚ sampling service‚ marketing support(advertising and promotion) and handling queries and complaints. CATEGORY MANAGEMENT: Category management is the
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EXPLAIN THE EXTERNAL SOURCES OF FINANCE AVAILABLE TO A RETAIL BUSINESS External sources of finance are funds that come from outside the business. It involves the business getting loans from individuals or institutions. External sources of finance can be divided into two parts; short term and long term. Long term has two main branches; share capital & loan capital which will be divided further below. Short term has one main branch‚ which is divided into bank overdraft‚ hire purchase‚ trade credit
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