Read the article: How Porter’s Five Forces Can Help Small Businesses Analyze the Competition at the link below.
Choose a company (a US company or a global company) and complete the following 5 force analysis for the company:
Force #1: Competition in the industry
Research question: What information would you gather to learn more about your company’s competitors?
Examples: List of competitors, competitors’ financials, market share, product differences, brand identity, industry growth, etc.
Force #2: Threat of new entry
Research question: What threats do new companies face in entering your industry?
Examples: Economies of scale, strong brand identities, capital requirements, government policy, high switching costs, etc.
Force #3: Threat of substitutes
Research question: What product or service may substitute your company’s current product or service?
Examples: Uber as a substitute to traditional taxi services.
Force #4: Power of suppliers
Research question: How do you determine the power of a supplier?
Examples: Supplier concentration, lack of supplier competition, switching costs, uniqueness of process and/or material, etc.
Force #5: Power of buyers
Research question: How do you determine the power of buyers?
Examples: Buyer concentration, buyer switching costs, brand loyalty, availability of substitutes, etc.
Guidelines for assignment:
Follow the APA format and write your analysis in 1-2 pages, not including a cover and reference page. Your paper needs to have a cover page and a reference page. Use two sources beyond the article to support your information. Make sure to write in your own words and do not copy and paste from various websites.
Tired of low grades? We can help you write a successful essay that will boost your grades. We at Elitetutorslab.com are a competent team of experts with the knack for essay writing. As a result, we guarantee you papers that will meet and surpass your expectations and thus guaranteeing you of better grades.