A Study On Venture Team

Porter’s Five Forces (1980), named after Michael E. Porter, is a critical framework to access the level of risk and degree of potential profitability of each industry in which firms are competing. Specifically, five forces are shown in Figure 1, are includes competition between rivalry, potential of new entrant, threat of substitute products, and pressure on bargaining power of suppliers and customers.

1. The e-commerce market estimated to reach US$2.5 trillion by 2018, a huge growth of 89.1% in only 4 years

Porter has identified five (5) competitive forces that shape every industry and every market. The forces determine the intensity of competition and hence the profitability and attractiveness of an industry. Based on the information derived from this analysis, management can decide how to influence or to exploit particular characteristics of this industry.

“The team consists of the CEO, executive VP of Strategy and Corporate, the executive VP of Administration, the presidents of the Eastern and Western areas, the Senior VP of the Law Department and the director of HSE and Operational Excellence” (2007).

Key stakeholders in this company include CEO Dr. Michael Riordan who is the founder that has the main focus of how the company is performing and running. The Director of Human Resources, Yvonne McMillan who coordinates

The five forces examines the dynamics within an industry. Understanding the competitive forces, and their underlying causes, reveals the roots of an industry’s current profitability while providing a framework for anticipating and influencing competition and profitability over time. Understanding the structure of its industry is also essential to effective strategic positioning.

Porter’s Five Forces was next used to determine the competitive environment. The Five Forces method is used to determine a company’s profit potential for a particular industry.

The e-commerce market as on 2014 was valued at $2.5 billion which is expected to touch $10 billion by 2018 and $20 billion by 2021.

Michael Eugene Porter is an economist, author, advisor and a researcher. He is the creator of Porter Five Forces theory, which is a framework for a business. The model “identifies and analyzes five competitive forces that shape every industry, and helps determine an industry 's weaknesses and strengths” (Investopedia LLC, 2016). The five forces are competitive rivalry, bargaining power of buyers, bargaining power of suppliers, threat of new entry, and threat of substitution. This is a very important theory which a business can strengthen their position.

This analysis is conducted on the Porters Five Forces theory that is crucial for effective strategic decision-making, the five forces that shape industry competition are:

In fact, based on data collected by the U.S Commerce Department and the U.S Census. E-commerce sales for 2015 were estimated at $341.7 billion which was an increase of 14.6% from 2014. If you look at the graph you will see a consistent increase even when adjusted for seasonal variables like holidays. 3.

2. How Porter's Five Forces of Competition impact the company Porter set out his famous Five Forces model in chapter 1 of his 1980 Competitive Strategy: Techniques for Analyzing Industries and Competitors, which has now become the dominant paradigm for the "Structural Analysis of Industries." The model places supply chain forces on the horizontal access and market structure vertically above and below industry competition, which they all point to as the center of potential profitability (Hitt, Ireland and Hoskisson,

For example; reducing the water consumption per barrel, and diverting 99.9% of our waste from landfills. Along with, reducing greenhouse gas emissions their carbon footprint. This and many more decisions were accomplished by initiating and following a strategic alignment in sustainability. This all being done as a private corporation, nonetheless NBB could definitely benefit from changing to a public benefit corporation, with adjustment to its articles of incorporation. Moreover, with the added B Corp Certification from B Lab they would have a legitimate third party auditing their

Each member of our team carries experience, a strong set of skills, and potential for our new uprising product. Our board of directors will provide direction, motivate and inspire, and make decisions.

revenues via e-commerce in the next two to three years (Richter, 48). The core of e-