subject: business strategy analysis Based on the porter's five analysis, rank order the three most critical...

subject: business strategy analysis

Based on the porter's five analysis, rank order the three most critical issues in terms of their
potential impact on the genomic industry.

Expert Solution

Based on the porter's five analysis following is the order from first to third of the three most critical issues in terms of their potential impact on the genomic industry.

BARRIERS TO ENTER : This force determines how easy (or not) it is to enter a particular industry. If an industry is profitable and there are few barriers to enter, rivalry soon intensifies. It is essential for existing organizations to create high barriers to enter to deter new entrants.
RIVALRY : This force is the major determinant on how competitive and profitable an industry is. In competitive industry, firms have to compete aggressively for a market share, which results in low profits.
THREATS OF SUBSTITUTES: This force is especially threatening when buyers can easily find substitute products with attractive prices or better quality and when buyers can switch from one product or service to another with little cost.

keosha answered 6 months ago

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