Glo-Bus company in the
simulation
The Glo-Bus is the simulation game
focuses upon aspects such as Production design, marketing,
assembly, compensation and labor, discount bids, corporate
citizenship, and finance and cash flow. In this game, every player
makes decisions in their respective companies which is submitted
before a due date in which the game "turns" one year. In the next
financial year shows who has met investor expectations or who is
clearly the most profitable in the industry.
The porters five competitive forces
which is creating the strongest competitive pressures on my company
are as follows:
- Threat of New Entrants – Threats of
New Entrants would provide competitive pressure on my business.
This is because mostly every business strategy is to focus on the
product design, assembly line, compensation and labor, discount
bids, corporate citizenship, and finance and cash flow. For
example, a new entry to the market has the product design similar
to the existing one with some economic variation then it is
difficult for my company to retain its product in the market. New
entrants have different way of simulation hence, it very important
to know new entrants in the market to compete at the starting
stage.
- Bargaining Power of Suppliers- The
bargaining power of supplier is higher in this case because the new
innovation technology leads to the higher cost. For example,
supplier would charge more for the technology and innovation which
they provide.
- Bargaining Power of Buyers – Buyer
has less power to negotiate on the decision-making process. They
have to finish negotiated at the higher price.
- Threat from Substitute Products –
The treat of substitute product s also low which says that the
substitute is not available in the market. Hence the competition is
low.
- Rivalry among the existing players-
Rivalries are present in the market hence the competition is high.
Innovation technology companies are so many in market. Hence the
competition is very high.