Discuss the Social Security System. Current status and future outlook.Be thorough and focus on the economic consider
July 3, 2019
Compare the main various forms of medical group practice. Next, select the form that would be most attractive to a newly licensed physician.
July 3, 2019

We learned Michael Porter’s Five-Forces Model to evaluate competitiveness within the company’s industry. Porter’s five forces include: rivalry, new entrants, suppliers, and buyers. Harvard professor Michael Porter’s book “Competitive Strategy” propelled the concept of industry environment into the foreground of strategic thought and business planning. (Pearce & Robinson, 2000, p.84) Porter contends “The collective strength of these forces determines the ultimate profit potential in the industry, where profit potential is measured in terms of long-run return on invested capital”. (Wheelen & Hunger, 1998, p.60) The cornerstone of the book is an article from the Harvard Business Review in which Porter explains the five forces that shape competition in an industry. (Porter, 2012, Porter, 1996; The Five Competitive Forces, 1996)

  1. The five forces are:
  • Rivalry among existing competitors
  • The bargaining power of suppliers
  • Threat of new entrants to the market
  • The bargaining power of buyers
  • Threat of substitute products/services2.The pool of industries are as follows:
  • Automobile manufacturing
  • Banking
  • United States higher education (private or public)
  • Healthcare (Excluding pharmaceuticals)
  • Home improvement
  • Real estate
  • International logistics
  • 1. Select ONE of the industries below and identify a specific company in that industry.2. Identify the key drivers of competition for that industry and specifically for the selected company.3. Explain in details how the above-mentioned external competitive forces are affecting the business environment of the industry in general, and the selected company in particular on the overall strategic planning processes that are unique to that industry in general, and that company in particular.

 

“Looking for Nursing Assignment Writers? Get Expert Help at an Amazing Discount!”

The post We learned Michael Porter’s Five-Forces Model to evaluate competitiveness within the company’s industry. appeared first on Homework Handlers.


We learned Michael Porter’s Five-Forces Model to evaluate competitiveness within the company’s industry. was first posted on July 1, 2019 at 2:17 pm.
©2019 "Nursing Paper Tutors". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at admin@nursingpapertutors.com

 
"Is this question part of your assignment? We will write the assignment for you. click order now and get up to 40% Discount"