Porter’s Five Forces is a groundwork for industry analysis and business strategy development which was invented by Michael Porter in 1979. Three of Porter’s five forces relates to competition from external sources. The remaining two are internal threats. These five forces include three forces from horizontal competition such as the threat of substitute products or services‚ the threat of established rivals‚ and the threat of new entrants. The two forces from the vertical competition
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Response to Week 2 DQ: Five Forces Model framework developed by Professor Michael‚ E. Porter of Harvard Business School in 1979‚ is a powerful strategic business assessment tool useful in strategic assessment of business position in a volatile competitive market situation to understand where the business competitive power positions and analyze both the current competitive strength and the position which the business is intended to move into to gain profitability while and customer’s desirability’s
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UNITED INTERNATIONAL UNIVERSITY ASSIGNMENT ON Airline Industry (International Busuness-606) Submitted To Dr. Enamul Haque School of Business & Economics Submission Date 26th Dec. 2012 Table of Content |Topics |Page No. | |1.Globalization of Airline Industry |3 | |Industry Analysis
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Access the environment of Singapore (PEST) Political Forces 1. Political Climate Singapore is under a stable political climate. The political system is considered as centralized and authoritarian‚ the political culture is pragmatic‚ rational and based on the rule of law. The highest aim of the government is the nation’s survival and prosperity. Based on the results of Corruption Perception Index ranks‚ Singapore has a totally clean and corruption-free image in the world and it’s the least
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CGE25101 Globalization and Business Tutorial 12 Discussion Question: The Porter’s Diamond Michael Porter put forth a theory in 1990 to explain why some countries are leaders in the production of certain products. His work incorporates certain elements of previous international trade theories but also makes some important new discoveries. He identifies four elements present to varying degrees in every nation that form the basis of national competitiveness. Analyze the current situation of Japan
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tourism‚ transportation industry and accommodation industry. They are the three pillars of tourism industry. The tourism industry is very important for Singapore. It is one of Singapore’s economics pillar industry and contributors to the Singaporean economy. Tourism will help the Singapore government earn 10.8 billion Singapore dollars‚ the Singapore Tourism Board (2014) has shown that the tourism industry accounts for 4% of GDP and provide 160 thousand jobs opportunity. The developing of tourism brings
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Porter Five Forces Analysis One of the most effective ways to measure the level of attractiveness of medical device industry is Porter Five Forces Analysis. According to porter (2008)‚ there are five forces that influence the level of profitability of any industry; therefore‚ companies must obtain sustainable competitive advantage in order to survive. These forces are rivalry‚ threat of substitutes‚ threats of new entrants‚ supplier power‚ and buyer power. (Porter‚ para 3) Rivalry The medical
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Management and Planning – CE00317-2 Group Assignment Learning Outcome: The written report of this assessment is designed to assess students’ ability to: 1. define‚ describe and discriminate between strategy and planning and show an understanding of the vocabulary of the subject applied to the management of a business organisation 2. describe and discuss a typical planning process including the role of qualitative and quantitative forecasting‚ modelling and dealing with uncertainty‚
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visiting Singapore for business or pleasure. It follows the outline of "The Ten Commandments For Avoiding Intercultural Communication Problems" by Prof. Dr. Olaf Rankis. 2 Singapore 2.1 General Information The Republic of Singapore‚ the "Lion Island" is an independent city state and its capital is the City of Singapore. The capital measures about one sixth of the total area of the main island. The country is located in Southeastern Asia and consists of the island of Singapore and around
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brief overview of the Malays in Singapore and thereafter the progress that they have made as an ethnic group and their gender equality. In pre-colonial Singapore‚ the Malays are the indigenous people living on the island. It is also essential to lend credit to Sang Nila Utama who renamed the island of Temasek to ‘Singapura’ which consists of a combination of two Malay words; Singa meaning ‘lion’ and ‘pura’ meaning temple. As the British came and established Singapore as a trading port‚ large numbers
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