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    In 1980, Michael E. Porter, of Harvard University, wrote a book called Competitive Strategy: Techniques for Analyzing Industries and Competitors. The purpose of the book was to discuss his “Five Forces Model of Competition” and expose students and businesses alike to his ideas on policy and strategy (Porter, 1980). The external analysis of industry, competition, and the general external environment is based on Porter’s Five Forces Model of Competition. Industry/Competition Current Rivalry. Industry

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    What is an Industry? So, what is an industry? This sounds like an absurd question. At least that was what I thought while I twirled my pencil around while sitting in my MBA economics class at 7PM. However, when the professor began to discuss the renowned Harvard Professor Michael Porter and his “Five Forces” model, I immediately became more interested. The diagram of his five forces model shown below is widely used to analyze the intensity of the competition and the profitability and attractiveness

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    Fast Food

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    Market and environmental analysis of McDonalds Corp – 2003. Market and environmental analysis is an essential part of an organization’s External Analysis. The main objectives of a market analysis are; a) To determine how attractive a market is. b) To understand the dynamics of the market and amend strategies accordingly. Here we apply the dimensions of a Market Analysis to McDonalds corp. 1) Emerging submarkets; McDonalds failed to recognize the changing trend in customer’s preferences

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    Using suitable examples define barriers to entry. Explain how barriers to entry affect our firm’s profits. Before a firm can compete in a market, it has to be able to enter it. Many markets have at least some impediments that make it more difficult for a firm to enter a market. A debate over how to define the term “barriers to entry” began decades ago, however, and it has yet to be won. Some scholars have argued, for example, that an obstacle is not an entry barrier if incumbent firms faced it when

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    Five Forces Analysis The industry being analyzed is the tobacco industry. The tobacco industry manufacturer cigarettes, snuff, chewing tobacco, etc. Customers a. The customers are the wholesalers and retailers of tobacco products. There are a large amount of customers in this industry, which makes the customers not very powerful. b. I believe the customers do make high-volume purchases, which would make them powerful. c. The purchases customers

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    unrenewable, together with the continues increasing demand for energy, such as coal demand of China and India, the battle of exploiting and developing new mines are intensive. Also, there are many competitors in the industry. However, since the exit barriers are high, the competition is limited within the existing companies. Companies in the industry might battle for larger market share but facing little threat of new entries. Thus, the competition in the industry is concluded as medium to high.

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    Essay Amazon Case Analysis

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    Key drivers of change Technological most important aspect of Amazon’s Pestle factors: Key drivers for change: * /Internet penetration rates * Web development e-commerce * Protecting their patented software and not being imitated easily by competitors. E-commerce-Bezos understanding of e-commerce through knowledge of web users and the web that has made amazon a dominant company on the web .’(pg 27 Saunders 1999) ,Branding of the website is important .(Pg 91 saunders) Commitment

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    conclusion can you draw from this? Degree of Rivalry: Mini mills were being used by the foreign competition which mean they were able to produce steel at less expensive rates passing that on ot their customers. Barriers to entry: Starting in the 1970's since there were no trade barriers companies overseas were able to manufacture and sell steel for a much lower price here in the United States therefore affecting companies domestically. Supplier power: Once steel became needed again suppliers were

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    Taking a Look at Vertex

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    Vertex claims the inventory costs of VLite are high, therefore tying practice is required to enhance sales of VLite. It is indisputable that the Commission recognizes pro-competitive effects of tying, such as lowering manufacturing or distribution costs by economies of scale, which is found to be important in this industry. According to para. 30 of the Guidance, Vertex has to prove that the tying is indispensible to achieve the same efficiencies. Also, following Hilti Vertex needs to show that it

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    Chuck Yeager Essay

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    Chuck Yeager is unquestionably the most famous test pilot of all time. He won a permanent place in the history of aviation as the first pilot ever to fly faster than the speed of sound, but that is only one of the remarkable feats this pilot performed in service to his country. Charles Elwood Yeager was born in 1923 in Myra, West Virginia and grew up in the nearby village of Hamlin. Immediately upon graduation from High School he enlisted in the United States Army Air Corps to serve in World War

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