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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The UK Inbound Tourism IndustryIntroduction:Tourism is seventh of the largest industries in the UK‚ worth £74 billion to the UK economy. There are currently 2.1 million jobs in the industry. Within the inbound Tourism to the UK‚ 30 million overseas visitors who came in 2005 spent £14 billion on holidays 2005 was a record year for UK inbound tourism both in terms of volume and value. The UK ranks fifth in when compared international tourism earnings league behind the USA‚ Spain‚ France and Italy.
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Industry Definition: The industry analyzed is specialty coffee retailing in North America. Threat of New Entrants: 1. Economies of Scale are low. The price of opening a new store does not gain substantial economies of scale when a firm already has many stores. Variable prices such as Aribica beans‚ cups‚ whipped cream‚ etc. will benefit from some economy of scale‚ but not enough to deter new entrants. 2. Capital Requirements are low. Property and inventory costs are not substantial enough to deter
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discuss the effective use of some techniques of strategic auditing and environmental analysis as applied to a typical organisation.00 4. discuss and criticise some important issues relating to organisational design and orgnisational culture. Group Assessment: One Written Essay (50%) The work will normally be done in pairs. The work will include the analysis of an existing situation‚ the application of analysis techniques (introduced in lectures and developed in tutorials) and the presentation
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of content producers has been greatly increased due to the multiple outlets they have the option of choosing. More content producers are making an effort to expand vertically to decrease any reliance on the companies within this industry. However‚ the target of the industry may move to smaller content producers which allow for less expensive means of obtaining content. Power of customers: high With the advent of streaming technology‚ the consumers have begun to leave the physical media behind. The
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suppliers can regularly supply their inventories to Dell within hours of assembling the computers which indicates a strong corporate understanding of both Dell and its suppliers. Buyers: Bargaining Power of Buyers: Medium Threat The personal computer industry is somewhat vulnerable against the bargaining power of buyers. In recent years customers have more and more alternative options to the personal computer. Smartphones‚ tablet computers‚ and other handheld devices like Ipods have most of the same
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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
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interest in the study of the forces that impact on an organisation‚ particularly those that can be harnessed to provide competitive advantage. The ideas and models which emerged during the period from 1979 to the mid-1980s (Porter‚ 1998) were based on the idea that competitive advantage came from the ability to earn a return on investment that was better than the average for the industry sector (Thurlby‚ 1998). As Porter’s 5 Forces analysis deals with factors outside an industry that influence the nature
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BARGAINING POWER OF SUPPLIERS The main items that Wal-Mart procures to pursue its operations can be classified into 3 main categories of merchandise‚ labor‚ and stores. Given the size of Wal-Mart’s operations and its focus on continuous cost improvement‚ none of these suppliers have significant bargaining power on Wal-Mart. When analyzed in detail: * Merchandises * As the biggest retailer in U.S. with up to 30% market share in some categories‚ Wal-Mart is the single biggest buyer for most
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power of substitutes as they save time and money for the customers who are flying. Threat of Entrants: Low Extremely high fixed initial costs along with high government regulatory requirements lift the entry threshed for the air transportation industry. High competition and the dominant powers of existing large players create high chances of retaliation. Rivalries: Medium to High Qantas observes sever competition from Virgin Australia domestically and a number of low cost airlines internationally
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