If structural change within an industry happens to be very rapid, then Porter’s five forces model...

If structural change within an industry happens to be very rapid, then Porter’s five forces model of competition has limited predictability. How can fast-pace industry firms - such as technology-driven or e-commerce firms - predict their competition?

Expert Solution

In my opinion, the structural change in the rapidly changing industry depends mainly on the development of new technologies. The world is going digital and there are latest technologies in the market such as Artifical Intelligence, Machine Learning, Data Science, and the Internet of Things. These technologies are bringing the changes in the industry. Any technology-driven company would be using one of these technologies to run their business or even to increase the efficiency of their business. So these companies can predict their competition whether they are working on a technology that can provide a competitive edge in the market or using the existing technologies to a new system or a domain to increase the efficiency. The hiring of the employees also tells a lot about the companies and their management strategy. If the company is hiring a lot of people then they are planning to expand their business or when the company is firing employees then they have cost-cutting problem. The investment received by the companies in the market also help us in predicting whey might do next and how they are going to invest the money to make a positive change. Using some of these methods we can predict the competition in the market for the technology-driven companies.

keosha answered 10 months ago

Apply Porter’s Five Forces model to the Sensor industry

Assess the book publishing industry using Porter’s Five-forces model.

The Book Publishing industry in Australia20% of books are sold via independent retailers that tend to specialize in a particular genre or prefer unusual (not mainstream) books70% of books are sold via large retail chains that only deal in mainstream books published by large or long-established publishers who also provide promotional dollars to support their books10% of books are sold via the internet (e.g. Amazon) and this is expected to dramatically increase as they increasingly capture the time-poor or budget-conscious...

Write an industry analysis for Doordash using Porter’s Five Forces Model.

After reviewing Michael Porter’s “Five Forces Model”, discuss each of the forces within the context of...

After reviewing Michael Porter’s “Five Forces Model”, discuss each of the forces within the context of the industry in which your organization operates. Which of the forces have the greatest impact upon your industry…and why? How should your organization’s strategy account for these factors? Do these forces have any correlation to your industry life cycle?

Assess the attractiveness of the fast fashion industry in China with Porter’s Five Forces model.

Discuss Porter’s five forces model with reference to the U.S airline industry. What does the model...

Discuss Porter’s five forces model with reference to the U.S airline industry. What does the model tell you about the level of competition in this industry?

Explain Michael Porter’s Five Forces Model

Put together an Industry Analysis of the U.S. passenger airline industry using Porter’s Five Forces model...

Put together an Industry Analysis of the U.S. passenger airline industry using Porter’s Five Forces model and Seeger’s Economic Ratio approach. After your analysis, conclude with reasons why this industry is a good bet for an investment or not. NOTE: While you do not have data on the Economic ratios, you will use your judgement, and business acumen to make reasonable judgements about the potential range of values of the ratios (for example, relatively high or relatively low) based on...

How do the five competitive forces in Porter’s five forces model affect the profitability of the...

How do the five competitive forces in Porter’s five forces model affect the profitability of the industry? For example, in what way might strong forces increase industry profits, and in what way do strong forces reduce industry profits? Identify an industry in which many of the competitors seem to be having financial performance problems. Which of the five forces seem to be strongest? How do you conduct a competitor analysis? What components are necessary to conduct a competitor analysis? List...

Outline Porter’s five forces model of industry competition. How are the various barriers to entry relevant...

Outline Porter’s five forces model of industry competition. How are the various barriers to entry relevant to global marketing?

Question