Michael Porter’s 5 competitive force model is a framework that can be used in the strategic management process. Explain in detail the purpose of strategists using Michael Porter’s 5 competitive forces model with the support of an example.
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Michael Porter’s 5 competitive force model is a framework that can be used in the strategic management process.
- Explain in detail the purpose of strategists using Michael Porter’s 5 competitive forces model with the support of an example.
There are THREE situations in the case that are representative of elements in Michael Porter’s 5 competitive forces model.
Describe these situations in the case by making reference to the respective elements
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- Above picture showed a model used in Business strategy. A. Illustrate this Model and show the disadvantages of this type ?. B. Analyze the model by finding out the different between this type and Hyper-competition.Provide a conclusion for the following... DESCRIBE HOW EFFECTIVE AGRIBUSINESS MANAGERS LEVERAGE RESOURCES FOR EFFECTIVE AND EFFICIENT MANAGEMENT? In Agricultural Financial Management, 'Financial leverage', or 'gearing', refers to the use of the borrowed funds for additional asset acquisition. Hence, 'leverage" is largely used to expand farm operations, purchasing more operational machines and utilities. Hence, by utilising equity in an existing asset portfolio, there can be a purchase of additional land. For effective allocation of resources and funds, it is the role of agribusiness managers to integrate new technology in order to improve the operational efficiency and production level. This will also help them to cope up with increasing demand in the market. In addition, they must implement new technologies with business management skills to improve their economic efficiency. Grants and other subsidies provided by the government also help them improve operational efficiency. They can…As a young Graduate who has been employed by Kyekyewere Limited who operates four different types of Businesses in four different industries as follows:a) Cash Cowb) Starc) Question Mark / Problem child andd) DogsWith the knowledge skills and competencies that you have acquired as a Graduate who studied Management of Small and Medium Enterprise Advise Management about these Investment Portfolios in the various industry (s). Your advice should cover the followinga) Explain to Management what Cash cow, Star , Question mark and Dogs industries represent.b) Advise Management on which firm(s) demand further investment and why? c) Advise Management on which firm(s) to close down and why?
- Strategic Management Porter’s model is essentially a structural means of testing the competitive environment of an organization to provide a clear understanding of forces at work. The task of the Strategist is to determine which of these forces are of the greatest importance to the organization. EXPLAIN.The following information was gathered by the Budget Committee Chairman of ABC Corporation: ABC Co. produces and sells only one product. The selling price during the budget period is expected to be the prevailing price of ₱7.50 per unit. The company expects to sell 112,500 units of the product during the period. The desired finished goods inventory at the end of the period is 75,000 units while the expected beginning inventory is 62,500 units. Direct labor is ₱4.50 per hour. Each product requires 30 minutes to complete. Factory overhead is applied to production on the basis of direct labor hours. Variable factory overhead cost at the planned level of operations is budgeted at ₱49,800. Fixed budgeted overhead is ₱149,400. Each unit of product requires 1.5 kgs. of raw materials. Only one kind of raw material is used and it is expected to cost ₱0.30 per kilo. The desired ending inventory of raw materials is 12,000 kgs. the expected beginning inventory is 9,500 kilograms. Variable selling…Porter’s model is essentially a structural means of testing the competitive environment of an organization to provide a clear understanding of forces at work. The task of the Strategist is to determine which of these forces are of the greatest importance to the organization. EXPLAIN." strategic Management subject"
- Strategic Management Porter’s model is essentially a structural means of testing the competitive environment of an organization as to provide a clear understanding of forces at work. The task of the Strategist is to determine which of these forces are of the greatest important to the organization. EXPLAIN.. ABC Inc. is the largest casual dining chain in the world, with over 800 locations throughout the UAE and also in 20 other countries. The menu features mutton, chicken, as well as burgers, pasta, and seafood. ABC’s CEO wants to make the restaurant more profitable by developing menus that are tastier and contain more items that customers want and are willing to pay for despite rising costs for gasoline and agricultural products. What kinds of reports would be useful to help management make decisions on how to improve menus and profitability? What pieces of data would ABC’s need to collect?Two of the five competitive forces that shape a company’s strategic activities are: a.The bargaining opportunities of buyers and sellers. b.The intensity of support among existing competitors. c.The opportunities for new entrants in the market. d.The bargaining power of buyers and sellers. According to Porter, select one of the major forces that shape the strategy of a company. a.The threat of suppliers in the market. b.The bargaining power of buyers only. c.The threat of new entrants in the market. d.The bargaining power of new entrants. Which business process exposes obvious areas for improvement? a.The work system process. b.The value chain process. c.The as-is process. d.The to-be process. What type of information system would provide critical information from a wide variety of internal and external sources? a.Management information system. b.Executive information system. c.Knowledge management system. d.Strategic information system.
- 1. Analyze the competitive forces of the U.S. airline industry and rationalize the findings on the causes of low profitability in this industry? 2. Examine if there are any strategic groups in the U.S. airline industry and justify your answers on the competitiveness of these strategic groups 3. The economic performance of the airline industry seems to be very cyclical. Why do you think this is the case? 4. Given your analysis, substantiate the strategies an airline should adopt in order to improve its chances of being persistently profitableOne of the basic organizational analysis is to determine the business capabilities (either strengths or weaknesses) and how they should respond to the external factors (whether it is favourable or unfavourable to their business). Explain the meaning of matching concept in SWOT matrix analysis in relation to the business strategy formulation framework. Discuss at least three examples of the matching process.Strategic planning is the cornerstone of success in dynamic and competitive environments. It involves a comprehensive analysis of internal and external factors, market trends, and potential opportunities and threats. By aligning goals with a clear understanding of the landscape, organizations can position themselves for sustainable growth. This forward- thinking approach also facilitates the identification of key performance indicators (KPIs) that help measure progress and success. Furthermore, strategic planning empowers organizations to make informed investment decisions, allocate resources strategically, and cultivate a culture of innovation. In today's fast-paced world, where adaptability is key. strategic planning serves as a compass, guiding businesses toward resilience and relevance in an ever-evolving marketplace. Question: How do you integrate feedback and real-time data into your strategic planning process to ensure continuous improvement and responsiveness to changing…