Capsim Porter's Five Forces

Also information systems assist with making decisions and business processes by formulating strategic plans and make decisions for the organisation longevity and prosperity. Additionally information systems add controls to employee processes, ensuring

Lots of the information they need can be found online instead of going to a library and reading through books that are probably out of date. The internet makes the business much more efficient and Rob was quoted saying, “The internet is an information super highway.” However while the pros of internet are massive all the information does come at a price though but they say it is definitely worth it. As well as the internet other technology such as computers and printers are very useful to the business as it increases efficiency and saves but they do require an investment however they are vital to any business in the 21st

The first of Porter’s Five Forces is the threat of new entrants. According to the case study, there has been a wave of new entrants to the retail industry. These include Best Buy, Costco, Wal-Mart, Old Navy and the recently irrelevant, Target Canada. The second force, the threat of substitute products or services, is also prevalent in the retail market. Inevitably, the target audience that the Hudson’s Bay Company is trying to cater to, will shop at other retail stores for the same goods due to consumers behaviours and preferences. Another impacting force is the bargaining power of suppliers. However, this force does not play as large of an impact to HBC as one might initially assume. Traditionally, HBC among other large retail stores makes a large percentage of their

I was once asked, if I thought the decision to reorganize of the state was right. Specially taking about creating the JDOC command structure, I said, “who else is going to do what we are doing?” The job of domestic operations has always been an additional duty, with very little time for planning or preparing for upcoming events. We are a reactive organization and I can see how that can kill us in the end. Our focus in the past 15 years has been on how prepare to go to war, which is our federal mission, and we have forgotten how to take care of our citizens in our own back yard which is our state mission. This reorganization has forced us to look to our left and right, and view the Oregon National Guard a one force both Army and Air. We as an organization are learning each other’s capabilities, strengths, weaknesses, and how we can better support each other in the

The differentiation strategy aims at creating a service that is unique. The key is to be viewed as valuable by the customer. According to Porter corporations should not focus their corporate energy into being better than their competitors, instead, try to be different. Benchmarking the competitor can result in what Porter describes as the competitive convergence, where, to the customer, everyone looks like everyone else. For”Broadway’s Café” to stay competitive in 21st century their strategy should be about performing different activities from rivals or similar activities differently.

the position of market leader in this segment, dominating it by its organization, knowledge of the market and superior business model, focused specifically on online retailing. It is possible, however, that its competitors will invest heavily in the online segment and catch up with the market leader. Furthermore, such trends as slow food and ecological concerns may impact on the company's businesses model. They are particularly strong among the urban, well educated and affluent customers. It is dangerous because they are biggest spenders as well as enthusiastic users of internet and possibilities offered by it. Loosing them may disproportionately hurt company's profits and its market position.

In a landmark article published in the March/April 1979 issue of the Harvard Business Review, Michael Porter identified five competitive forces that determine if you should enter a new market segment.

We are unique in a lot of ways, there is no other like us. Other interior dorm design businesses are all online or in an app. So our market structure is considered to be a monolithic competition. Which is a type of market structure in which many other businesses sell products that are similar to us but not identical. There are no dorm design businesses that will knock on your dorm nor move furniture themselves. My business is an intangible service. In the near future I would like KC Design to be worldwide in every college campus. Which means I would have to have lots of universal employees nationwide. Our availability of substitutes can be those whom wish to design their own rooms themselves or choose not to do business with us KC Design.

Market penetration is the name given to a growth strategy where the business focuses on selling existing products into existing markets.

Back in the 1980’s, Michael Porter created the concept of his Five Forces and Competitive Triangle. These five forces are used as a tool to measure the level of competition in an industry, as well as the overall profitability and attractiveness of the industry. The triangle takes into account the importance of product leadership, operational excellence and customer intimacy, which we will discuss later. This year we used Porter’s five forces and competitive triangle to analyze different business models and business ventures within our MGMT 4900 class. Porter’s strategy was one of the three main strategies we focused on when discussing the creation of differentiation, business strategy and competitive industry analysis. Porter’s models are simple and effective in identifying the attractiveness of an industry as well as competitive strategies, which he defines as, “deliberately choosing a different set of activities to deliver a unique mix of value.” Before we dive into the five forces and Porter’s triangle, he tells us to ask three questions when creating a business strategy, what is the business doing now? What is happening in the environment? And, what should the business be doing?

The barriers to enter these industries are quite high. It seems very difficult for potential competitors to implement themselves in these markets because there are already many big companies offering large range of products all over the world and these companies benefit from very strong brand image.

Porter's Five Forces allowed us to analyse the influences on the industry in which Tesco operates. It highlights where Tesco has developed a competitive edge over its rivals.

Information systems are used to save valuable time and money by eliminating the bulk of manual labor. These will also provide many options from communicating with both the employees and the customers to the elimination of many tedious inaccurate processes.

Information is an important aspect of every organization. Information technology (IT) is a tool for competitive advantage and it is important for the efficient and effective utilization of resources in an organization. Therefore, keeping information within our IT infrastructure and Information Systems is an important part of ensuring that we achieve the main goals of our investments into the IT systems and processes.

An information system is a base in today’s business world. Everything is electronic. In various businesses, the survival and ability to succeed strategic business goals is challenging without extensive use of information system. Businesses improve the efficiency of their operations in order to accomplish higher profitablity. Besides that, information systems are important tools available to managers for achieving higher levels of efficiency and productiviy in business operations. For an example, Zara uses the PDA technology to gather customer feedback and input.