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Describe real-world examples of two of Porter's 5 Forces in action. You don't have to find...

Describe real-world examples of two of Porter's 5 Forces in action. You don't have to find an example of all 5 forces, but you must discuss at least two. You are not simply naming the company or product, but you must also explain why your selection should be classified as the force that you have identified.

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Describe real world examples of two of porter's 5 froces in action. you do not have to find an example of all 5 forces, but you must discuss at least two. you are not simply naming the company or product, but you must also explain why your selection should be classified at the force that you have identified.

Answer -- Real world examples of two of poter's forces --

  • The porter's five forces is to understand the compaetitive forces at work in an organization.
  • The porter's five forces include --
  • Bargaining power of buyers
  • bargaining power of supplier
  • Threat of new entrance
  • Threat of substitutes
  • Rivalry in existing competitors
  • These five forces help to understand your industry of interest, identify opportunities and risks, distribution of profit within company, identyfy attrative and less attractive markets, anticipate changing trends.
  • Real world example 1 -- Bargaining power of supplier --
  • Suppliers make a larger profit margin comparing to companys. Suppliers sell directly to end users and aslo to the companys.
  • for example hotels sell their room to travellers and also they wholesale their room to the likes of expedia proding them discount.
  • Customer's switching barriers -- High switching cost include- pod coffee machines, inject printers, game consoles to end users.
  • Some smartphones are switching from android to apple. the switching cost of apple's from from one vendor to another vendor may considered high, but they are one off cost design and integration.
  • Real world example 2 -- Threats of new entrants --
  • If company want to brand their product they need large capital cost, advertising and creating product demand, which limits entry of newer players in sports market.
  • But existing companies in sports apparel could enter in performance apparel market in futrure.
  • After all the analysis completion, the implementation strategy are used for competetive advantage.
  • The main objective of the company is to increase profit by redusing costs and charging companys standard price.
  • The company select niche markets to sell their product. which requires understandings of market place which include seller, buyer and competitors.

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