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Porter’s five force model is invented by an American by the name Eugene Michael Porter. He is very well known for his business acumen, strategic business decisions and for understanding the new industrial policies. Since Porter found the SWOT Analysis to be very insufficient and rigid he created the Five force model to penetrate the industry and do an in depth analysis of the sector to understand the competition and sustainability better.
To do the Assignment on porter's five forces model, it is very important to understand what it is. The five force models are as follows:
1. Rivalry – the biggest competition on the market. It is the deciding factor of the entry of the firm.
2. Threat of substitutes – It is a product which can be used in place of the present one and is easily available. This factor is mostly price dependent and the one with minimal mistakes.
3. Threat of new entry – This model speaks about the longevity of the firm in the industry basically. It gives a clear picture on how long the profit margins will be at its high and when the expected profit sharing and competition will occur.
4. Bargaining power of Suppliers – Here the final pricing of the product becomes known. Since there is more of a demand and less of supply, the price of the products increases. So to sustain the availability of your product the supplier’s demands need to be met with an overall profit covering the production cost as well.
5. Bargaining power of Customers – This factor applies generally where the suppliers are more and the buyer is only one.
The Assignment on porter's five forces model is an outline which helps us to evaluate the competition in the market and the plausible obstacles we might find on our entry. It gives an understanding of the firm’s life line in the chart and a proper skeleton of the financial breakeven point. A firm can pick up the above aspects to examine and may be realign their business strategy as per the industry standards.
Many analytical study based on these five force model can be done. It can be backed with some very elaborate examples from various industries to understand the model better. Porter’s five force Assignment help online is easily available and done by the ones who have applied or studied these models and experienced the difference in the industry of their work.
The assignment helps available on Assignment on porter's five forces model gives a new outlook to the Porter’s five force model as it is done by the industry experts. The assignment is done based on the ongoing policies and business strategic decisions taken by many various industries. The Assignment on porter's five forces model gives the student a very profound understanding on the subject.
Assignment on porter's five forces model gives the student the liberty to pick and choose the sector or industry of their liking to apply the five force model and back it up with a case study or knowledge of the firm of their knowing.
Created on Jan 31st 2019 05:47. Viewed 364 times.