Student Name: Muhammad Umair Fayaz Student ID: 4114446 Module Number: 315LON Module Title: Advancing Career Development Teacher Name: Yvonne Browne Word Counts: 1000 Date of Submission: 02-02-2015 LONDON CAMPUS Summary: This reflection report defines the study of industry which reflects the present impression in the market. By looking forward to this report I also chosen this industry and a sector in which I would like to take a kick start for my better career for the future. The discussion in the depth of the sector of financial industry, for this I am presenting a concise report of the three particular banking business areas which will be my future career target also. Analysis of Industry: Industry analysis can be analyzed by Porter’s 5 Forces model used to design the marketing strategy for operations. The main objective of this study is that by creating dissimilarity between the industries that can facilitate to identify the formation of the business boundaries decisions. Major role of Porter’s five forces is to understand that what is industry? Porter’s Five Forces Analysis: This outline has the following steps to understand the structure: (Google.co.uk, 2015) 1. Industry Challenge: The presence of
The film King Arthur overall is a pretty accurate depiction on what actually happened in history. The only turn in events that may not go with the groove of history, is the controversial idea that King Arthur is not a real person. King Arthur is known to be a legend, and a legend is a traditional story that is sometimes popularly regarded as historical, but not proven or validated. There are people out in the world that believe Arthur is a heroic symbol of a group of people. A group of people that conquered the Saxons and that Arthur is just the overall big picture of everything that had happened. Then there are people that believe that Arthur is a real person, and he did everything that is shown to us in the film, and he actually lived the
I never thought that one stranger’s mistake would change the way that I would think before I act. It was two years ago when I witnessed an unlicensed man accidentally run over his mother’s leg in an attempt to help her into their vehicle. It was after leaving the shopping mall when I was sitting in my aunt’s car that this occurrence befell. I noticed that there was not sufficient room for this woman to get into her vehicle. Her son then decided to enter through the driver’s seat and back up just enough for his mom to fit into the car. This did not go as intended. Not knowing how to drive, this man in his late twenties or early thirties unintentionally ran over his mother’s leg. It tossed her down onto the pavement, leaving her incapable to
Michael Porter 's Five-Force model, as described and illustrated in “Porter’s Five Forces: A Model for Industry Analysis (Article from QuickMBA.com)”, goes beyond the traditional industry competitive analysis that would just compare Rivals, both current and potential, to include Suppliers and Buyers and also Product or Service Substitutes. I have not yet read Porter’s “Competitive Strategy” (1980), but understand that it is the definitive work on the introduction of the Porter Five-Force model (1979) and describes how the model can be used as a tool to not only
In the Latin American story, The Third Bank of the River, written by João Guimarães Rosa, a man leaves his family to live his life sailing back and forth on a river for years to come. His son, the main character, never accepts his father leaving the family. Years later when the other siblings have grown old and have children of their own, the son is still living in the house near the river and when his dad finally acknowledges him after years of ignoring anyone who tried to get his attention, he flees, leaving the story with an open ended conclusion. The use of magical realism is present in this story through symbolism and takes interpretation to understand the meaning behind the text. Magical realism is an author's way of using real world issues by incorporating an element of unearthly events such as magic. In The Third Bank of the River, the author uses symbolism, a warped time frame, and human reaction as metaphors for real life events.
Ford Motor Company is the world’s fifth largest automobile maker based on vehicle sales. Ford Motor Company exercise the Five Forces analysis. Michael Porter developed the Five Forces analysis model for analyzing the external factors in firms’ industry environments. Ford obligation is to enroot policies and approaches that reciprocate the most convincing forces based on the company’s external factors in the global automotive industry. Considering competition is the most compelling external force in the automotive industry environment. Ford watched their strong and moderate force see what area they need to pinpoint work in. The Competitive rivalry was their strong force, bargaining power of buyers or customers, bargaining power of suppliers and threat of substitutes was their moderate force and last threat of new entrants or new entry was their weak force. After gathering the information Ford result of the Five Forces analysis shows that competition
Porter’s Five Forces model is designed to assess the attractiveness of an industry based on the actual or potential competition through the following five forces: Rivalry Among Existing Competitors; Threat of New Entrants; Bargaining Power of Buyers; Bargaining Power of Suppliers; Threat of Substitute Products or Services
Banking sector is very sensitive and competitive by its nature. Although I have enjoyed full co-operation from employees of Shimrail Branch of Prime Bank Ltd and they also gave much time to prepare this report properly in the way of my study. There are some limitations in the study. Limitations are as follows:
When goal setting, you can sit on the sideline or you can play in the game. I personally prefer to play in the game. That is what goal setting allows us to do. It enables us to create our life instead of letting life be something that just happens to us. Career interest continually changes in a person 's life. By defining my career objective, possible career objectives for my future, taking an inventory in my current career attributes, and identifying what makes me happy and barriers to reaching my career goals, I will develop a five-year career development plan.
Until recently, Porter’s Five Forces Model was the dominant theory applied to factors driving competitive forces in an industry. It hypothesizes that the level of competitive intensity within an industry arises from five specific sources in determining attractiveness of an industry to potential entrants. Porter developed Five Forces Analysis in response to SWOT analysis, a model he found too vague.
Michael Porter provided a framework that models an industry as being influenced by five forces (Porter, 1980). Theseinclude the threat of new entry, the threat of substitutes, and the power of buyers, the power of suppliers and competitive /Degree of rivalry.
Michael Porter introduced a model known as Porter’s five forces for analyzing the structure of an industry. His model is recognized as the foundation for a thorough competitive analysis.
Strategic marketing plan is very important to improve a business performance, achieve sustainable profitability and occupy a competitive position in an industry. Making a strategic decision which is the first and the critical phase in a developing strategic marketing plan is influenced by many factors that need further analysis in order to make the right decision. Moreover, These factors are divided into two categories: macro environmental factors and internal environmental factors .Porter’s five forces model, PESTLE, GE Matrix, BCG matrix and SWOT analysis is a list of aid tools that can be used in purpose of analysing the factors and obtain strategic marketing plan. The given paper aims to provide further details about both of PESTLE framework and Porter 's Five Forces model which are used to analyse the macro environmental factors, focusing on, the usefulness of each one, the considerations of application, the connection with other tools and the ability of each one to address a real marketing issue.
This lesson mainly addressed aspects related to career development. This lesson encourages students to discover their academic and personal strengths, their skillsets, and their interests. Students then take those concepts and apply them to career exploration. They are able to link their strengths, preferences, and abilities to potential future career paths. Some of the specific aspects of career development that I addressed include applying planning and career exploration in setting and obtaining lifelong career goals, applying necessary skills for career readiness and success, and teaching students where and how to obtain information about post-secondary options. In this lesson students are encouraged to apply decision making skills to place different careers into the appropriate career fields. In doing so, they are also encouraged to begin thinking about careers that are of interest to them and what career goals they have for themselves. They will be given resources in order to continue career exploration outside of the classroom. While I do not expect sixth graders to fully decide their career path, it is my firm belief that it is never too early to get students thinking about careers and having them set goals in order to obtain the career and future that they desire. I also believe that this unit touches on social and emotional development as well as academic development. This lesson allows the student to collaborate with one another and work in groups as well as in pairs. This promotes relationship building and teamwork. It also allows students to take an inventory of their personal strengths and skillsets. This could boost self-esteem and promotes a sense of self-awareness. Lastly, this unit also encompasses academic development. Students will understand that good grades and academic success are key elements to obtaining the career that they wish to have. By being academically successful, this will allow them greater options and opportunity post high school graduation.
Porter five forces is model that is used to analyze competitive strengths of company. It is used to analyze strengths of company. It also provides identification of industry competition. This model analyzes five forces for analyzing competitive intensity of company. This model allows organization to take steps by considering its strengths. It allows organization to reduce its weaknesses. It provides control of competitors in the same in the same industry. This model is used to analyze that whether products of organization have opportunity to increase profit or organization or not. Janet should use this model for developing appropriate strategies in order to increase its market growth.
Porters five forces analysis is a framework to analyze the level of competition within an industry and business strategy development. It draws upon industrial organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of an Industry. Attractiveness in this context refers to the overall industry profitability. An "unattractive" industry is one in which the combination of these five forces acts to drive down overall profitability. A very unattractive industry would be one approaching "pure competition", in which available profits for all firms are driven to normal profit. This analysis is associated with its principal innovator Michael E. Porter of Harvard University.