3.1 Threat of Entry New competitors face significant barriers to entry into many of the markets, including various government mandated certification requirements to compete in the aerospace markets in which they participate. Also, aerospace industry safety regulations and manufacturing standards demand significant product certification requirements, which form a basis for competition as well as a barrier to entry. 3.2 Threat of Substitutes There are
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work but is quite rewarding as well. It has a great potential to perform well within the industry (considering its performance in 2003) but only if it is well managed by its owner. It is easy for newcomers to enter the industry because there are no barriers to entry; but it is difficult to compete against well established and reputed pubs/ bar and restaurant. This reason makes the industry not very attractive. Porter’s 5 Forces Industry: Restaurant & Pubs Retail Industry Buyer’s Power: Buyers
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industry’s attractiveness can be gauged from the competitive forces in the industry. To assess the industry attractiveness and long term sustainability we can use Porters Five Forces to analyze their competiveness using 5 factors, rivalry, entry barrier, threat of substitute, supplier power and buyer powers. Situational Analysis – Porter five forces Every industry’s attractiveness can be gauged
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GLOBAL BUSINESS STRATEGIES Analysis of the Global Competitive Environment Lecture 2 Analysis of the global competitive environment • External analysis can be divided into 2 linked processes: – Micro‐environmental analysis • competitive or near environment ‐ industry, market & strategic group – Macro‐environmental analysis • broad business or far environment STEP analysis • External analysis identifies opportunities and threats through continuous learning about the global and local business
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3 Entrepreneurial Strategy: Generating and Exploiting New Entries I. NEW ENTRY A. New entry is one of the essential acts of entrepreneurship. B. Newness can be both positive and negative. 1. Newness can help differentiate a firm from its competitors. 2. However, newness creates a number of challenges for entrepreneurs. C. Entrepreneurial strategy maximizes the benefits of newness and minimizes its costs. D. The
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What is Groupon? Groupon is a company that offers “group coupon” in deal of the day offering for local or national businesses such as local restaurants, stores, services, events and travel packages products. Background Groupon found by Andrew Mason. Groupon was launched in 2008, and the first market was Chicago, followed soon by Boston, New York City and Toronto respectively. It is also one of the fastest growing technology companies of the decade. By October 2010 Groupon was available
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Name : Mohamed Tarek Mohamed ID : 2131181 Assingment :- Strategic Mangement What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force (1 ) economic forces (2 ) social, cultural, demographic and natural environment forces (3 ) political, governmental and legal forces (4 ) technological forces (5) competitive forces. (1) ECONOMIC FORCES :- Economic factors have a direct impact on the potential attractiveness
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Barriers are something preventing you from achieving something. An example of this is the color barrier and how it prevented african americans from playing in the same league as whites. Jackie Robinson overcame this barrier and was the first negro to play in the All American league. I also have a barrier and its to get into Honor Society. The people that are helping me are my peers and my family members. The first time I faced this barrier I didn’t do a lot to break it but now i'm determined to
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Sprinkles of Joy is a cupcake shop that specializes in making a variety gourmet cupcakes that each customer who walks into the store can enjoy. As a company our main goal is to fulfill our customers’ needs of the perfect cupcake and that’s exactly what we offer. As an owner, I plan to use my 5+ years of baking and culinary experience to make the most delicious cupcakes around Sioux Falls. Sprinkles of Joy will be a sole proprietorship. I think that would be the best fit for my business, because
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============= Threat of substitutes -- Very low -- Users do not have any substitute for athletic footwear. Barriers to entry -- medium -- low operational capital needed to start a new company. -- Needs high access to distribution channels -- Brand building is capital intensive Supplier's negotiation Power -- low -- low switching cost -- raw material rubber, cotton etc. : available in abundance -- suppliers can't forward integration: multiple suppliers or many raw material Buyer's
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