Describe and comment on the five major groups of “forces” or variables which make up M.E....

Describe and comment on the five major groups of “forces” or variables which make up M.E. Porter’s competition model. How are these variables inter-related?

Expert Solution

Answer- The five forces are as follows

1. Threat of new enterants.

2. Bargaining power of suppliers.

3. Bargaining power of buyers.

4. Threat of substitute product.

5. Existing rivalry in the industry.

How these variables are interrelated?

Answer- Threat of new enterants, which means that the business a firm is doing or the industry in which it is operating has what level of attraction in it. It means that whether this industry attracts new enterants or not. If it attract new enterants more it means that inputs will be demanded more which in turn will make the suppliers' business more attractive and thus there will be more suppliers and they eventually will form unions, increase prices and etc. Now if there are new enterants it means that the level of the monopoly power will decrease because to compete with new competition prices needs to be competitive because more enterants means more options for buyers and more substitute products as well, which will increase the bargaining power of the buyers. Additionally, all of this will increase the industry rivalry.

Vice-versa.

keosha answered 1 year ago

Come up with an extensive Porters Five Forces analysis on the company Raytheon, which is a...

Come up with an extensive Porters Five Forces analysis on the company Raytheon, which is a defense contractor company. And also an analysis on their MOAT! Based on the stock analysis of this company!

Describe one major limitation of each of the following models for competitive analysis: the five forces...

Describe one major limitation of each of the following models for competitive analysis: the five forces model, the strategic groups’ model, and the industry life cycle model. Does the existence of these limitations mean that the models are not useful? Why or why not

If Apple and Samsung merge,describe each of the five forces in Porter's five forces model and...

If Apple and Samsung merge,describe each of the five forces in Porter's five forces model and discuss how they affected the two organizations. (Apply Porter’s Five Forces model to mobile phone industry to justify you answer.)

Describe the groups that make up the Federal Reserve created under the Federal Reserve Act of...

Describe the groups that make up the Federal Reserve created under the Federal Reserve Act of 1914 (board of governors, district banks, federal open market committee (FOMC)).

Conduct a thorough five forces analysis plus complements of Amazon: >> Identify supplier’s groups, buyer’s groups,...

Conduct a thorough five forces analysis plus complements of Amazon: >> Identify supplier’s groups, buyer’s groups, substitutes, competitors, and complementors. Analyze the major determinants of each force. Provide qualitative or quantitative evidence to support your arguments. >> Summarize each force with high, medium, low level of threats. What does this model tell you about the attractiveness and profit potential of the industry?

Choose a major company and apply the five forces of Porter’s five force model. Assess the...

Choose a major company and apply the five forces of Porter’s five force model. Assess the attractiveness of the industry that the firm is in and the firm’s opportunities and threats to its sustainability.

Using the Five Forces model, select ONE of the forces and describe how a company that...

Using the Five Forces model, select ONE of the forces and describe how a company that makes bottled water would be impacted (minimum 200 words)

Which of the five forces are about the size of the value pie and which are...

Which of the five forces are about the size of the value pie and which are about the division of the pie? Explain

1.) Briefly outline and describe the five competitive forces that shape strategy. Which competitive force is...

1.) Briefly outline and describe the five competitive forces that shape strategy. Which competitive force is the strongest? Why? Your answers will be short essays and should be three full paragraphs or longer.

Complete the following chart on the five major groups of eubacteria (Domain Bacteria). Major Group Gram...

Complete the following chart on the five major groups of eubacteria (Domain Bacteria). Major Group Gram +/- Defining characteristics, relevance and/or associated disease (if any) Example(s) (see list below the chart) Proteobacteria Chlamydia Spirochetes Cyanobacteria Gram-positive Bacteria Anabaena, Bacillus anthracis, Chlamydia trachomatis, Clostridium botulinum, Escherichia coli, Mycoplasma, Neisseria gonorrhoeae, Nitrosomonas, Oscillatoria, Rhizobium, Staphylococcus, Streptococcus, Salmonella, Treponema pallidum

Question