References: Agus‚ A. (2005). The structural linkages between TQM‚ product Quality performance‚ and business performance: preliminary empirical study in Electronics Companies Bar-On‚ R (1996). The Emotional Quotient Inventory (EQ-I): A test of emotional intelligence. Toronto: Multi-Health Systems. Bar-On‚ R. (2004). Bar-On emotional quotient inventory: A measure of emotional intelligence technical manual. North Tonawanda
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Diamond Model The approach looks at clusters of industries‚ where the competitiveness of one company is related to the performance of other companies and other factors tied together in the value-added chain‚ in customer-client relation‚ or in local or regional contexts Key Factors in a diamond model for analyzing competitiveness * Factor conditions are human resources‚ physical resources‚ knowledge resources‚ capital resources and infrastructure. Specialized resources are often specific for
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Michael Porter’s Five Forces Model Michael Porter … “An industry’s profit potential is largely determined by the intensity of competitive rivalry within that industry.” Porter’s Five Forces Portfolio Analysis … … Strategy at the time (1970s) was focused on two dimensions of the portfolio grids … … Industry Attractiveness … Competitive Position Where was Michael Porter coming from? School of Economics … … at Harvard … Structural reasons why … … some industries were profitable
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Michael Porter’s Factor 1) Threat of New Entrants - The easier it is for new companies to enter the industry‚ the more cut-throat competition there will be. Factors that can limit the threat of new entrants are known as barriers to entry. Some examples include: Existing loyalty to major brands Incentives for using a particular buyer (such as frequent shopper programs) High fixed costs Scarcity of resources Government restrictions or legislation Entry protection (patents‚ rights‚ etc.)
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[pic] Question: Use Porters Five Forces Model to analyse your industry. Answer: Threat of new entrants In most industries‚ and especially in the Electrical Transformer industry‚ a new company cannot enter the market at an equal level with those of already established companies due to the number of barriers that exist‚ that will prevent them entering on equal grounds‚ some of these are as follows‚ · The cost of a new company staring up would be so large due to the large amount of new
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EDLP‚ and uses economy of scales from stocking its hypermarkets to keep prices low. 49% of Rimi Baltic’s turnover in 2008 was in Latvia‚ and for the purpose of this analysis‚ determining whether Rimi Baltic to should expand as a discount grocer into the UK‚ the country of Latvia will be used as a main point of reference. PEST Analysis Political: In recent history the two most significant dates in Latvia’s political evolvement have been 1991 and 2004. Both have impacted greatly on forming Latvia’s
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5 forces of Porter The 5 forces of Porter are named after Michael E. Porter. This model classifies and examines the competitive forces that characterize every single industry plus it helps to give a clear understanding of what the strengths and weaknesses are of each type of industry. In addition to this‚ the 5 forces of Porter were mainly designed as a response to the famous “SWOT Analysis”. These 5 forces are the following: 1. Competition in the industry 2. Potential of new entrants
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ON PESTLE ANALYSIS OF AUTOMOBILE SECTOR OF INDIA Submitted to: (LOVELY INSTITUTE OF MANAGEMENT) MBA Ist ± B(Ist Sem.) (Session 2009-2011) Date- 05 Dec 2009 Submitted To: Submitted By: Miss Impreet Kaur Suman Tiwari Roll No. A-22 Reg. No.10904478 ACKNOWLEDGEMENT I would like to confer my heartiest thanks to my coordinator of Business Environment and class teacher Miss Impreet Kaur for giving me the opportunity to expel and work in the field of Environmental Analysis‚ especially
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Porter’s Five Forces Model 2. Porter’s Five Forces Model Analysis for TOYOTA 3. Overview of Porter’s Value Chain Model 4. Porter’s Value Chain Model Analysis for PERODUA 5. Conclusion 6. References Porter’s Five Forces Model Overview Figure 1 : Porter’s Five Forces Model • Also known as competitive forces model developed by Michael E. Porter in 1979 to understand how the five competitive forces impacting an industry. • • An analysis tool to determine the profitability of an industry and develop
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According to Michael Porter‚ an industry is affected by certain forces‚ which enable them to attain different levels of profitability. These five forces help managers analyze the industry to gain a better understanding and develop a more effective business strategy. In the discount retailing industry‚ it is important to consider the following when considering entry: Threat of New Entrants: Four major competitors‚ WalMart‚ Kmart‚ Target and Costco Wholesale dominate the discount retail industry
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