Porters Five Forces Article Review - 734 Words

Porters Five Forces: Article review Bargaining power of buyers This article details the decline of the Pearl River Delta as a port of significance. Previously, it was strategically located in a desirable location, near Hong Kong, and drew a great deal of trade due to its position as a trading hub. Now, as the number of available ports in the Far East begins to expand, port users have other options and can elect to use other ports and rail services. The growth of Chinese mainland manufacturing has opened up new venues through which to purchase goods. Although this has been advantageous for the region, it also means that the marketplace is ever-expanding and may embrace areas other than Hong Kong in which to base factories making other ports more attractive as well. Before, China was difficult to do business with and seen purely as a site of low-cost manufactured goods. Now, the Chinese economy is booming and is associated with a growth in manufacturing as a whole. This makes it an arena more attractive to do business with, versus Hong Kong, and makes Chinese ports more attractive to use. Buyers or users of the ports thus have a wide variety of options, now, from which to chose, some of which are lower in cost, aggravation, and more desirably located. Bargaining power of suppliers The importance of manufacturing in nearby Guangdong Inland has been critical in the development of the port. However, the exodus of factories from Guangdong inland to other areas means thatShow MoreRelatedPorters Five Forces1036 Words   |  5 PagesAssignment 1 Describe Porter’s Five–Force model and how it is helpful when developing one’s international strategy. Do you see any limitation to Porter’s modeling techniques? Michael Porter s Five-Force model, as described and illustrated in â€Å"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 ServiceRead MorePorters Five Forces1232 Words   |  5 PagesRunning head: The Theory of Porter’s Five Forces Porters Five Forces Kimberly S. Lawson 1018525 American Military University 04 October 2012 Abstract Michael Porter’s Five Forces model is a very sophisticated theory for calculating a company s economical standing. Michael Porter established a structure that shapes a structure that monitors an industry and is often used in strategic planning. Porter s detailed five forces model is one of the most frequentlyRead MorePorters Five Forces1090 Words   |  5 Pages| A Review of Almarai’s Competitiveness in the light of Porter’s Five Forces | by | | Hassaan Jamshed HND in Business Studies (2012-13) | 7 Oct 2012 | | Contents Introduction Porters Five Forces Threat of New Entrants Bargaining Power of Customers Bargaining Power of Suppliers Rivalry among Existing Firms Threat from Substitute Products Conclusion Introduction In 1977, HH Prince Sultan Bin Mohammed Bin Saudi Al Kabeer saw that the domestic market was growingRead MoreHow Competitive Forces Shape Strategy1236 Words   |  5 PagesPorter wrote an article in the Harvard Business Review that he titled, â€Å"How competitive forces shape strategy†. In this article Porter discusses the different aspects of an industry that effects how profitable that a company may be, and how to strategically look at the industry to position a company. This article redefined the way that business owners and managers looked at their industries, and how they increased their profitability. Micheal Porter defines five competitive forces that shape an industryRead MorePorter Five Forces in the Robotics Industry1719 Words   |  7 PagesPorter’s Five Forces in the Robotics Industry Iryna Varniaga University of Maryland University College Fall 2013 Turnitin score: 25% Porter’s Five Forces in the Robotics Industry â€Å"Porter’s five forces†: Introduction. â€Å"Porter’s five forces† is widely applied in today’s business world. Harvard Professor Michael E. Porter’s first HBR article â€Å"How competitive forces shape strategy† was published in 1979. It became revolutionary in the field of strategy. Porter’s subsequent work has broughtRead MorePorter s Five Forces Analysis And Strategy Article Analysis1284 Words   |  6 PagesPorter’s five forces analysis and strategy article analysis Name Course Tutor Institution Date 1. What is your take-away of this article? The article explains more about the porters five forces analysis. The awareness of the porters five model analysis is important because it helps a company to understand the set structure of the industry and also to adopt a position which will improve its profitability and reduce the vulnerability of the company in the market. To face away the competitionRead MorePorters Five Forces1711 Words   |  7 Pagesï » ¿The five competitive forces that shape strategy Introduction The five competitve forces that shape strategy also know as Porter’s five forces was first pubilshed in 1979 in the Harvard Business Review by a young associate professor at the Harvard Business School, Michael E. Porter. This article started a revolution in the strategy field and has since than shaped a generation of academic research and business practise. Throughout the last thirty years Porter’s Five Forces Analysis has beenRead MoreSituational Analysis1169 Words   |  5 Pages(The Times 100, 2009, p. 1). This paper will show the organization’s mission, vision, and values. In addition, this paper will show a consideration of broad environmental forces affecting the firm, and the potential for global expansion. Finally, this paper will show an assessment of industry structure using the Porter Five Forces Model, and a critical assessment of organizational SWOT (Strength, Weaknesses, Opportunities, Threats) factors. Mission, Vision, and Values â€Å"The IKEA vision ‘to createRead MoreAnalysis of Nike by Porter Five Forces Model1430 Words   |  6 PagesFamily name Bao First name Cheng ( Steven ) Title: The analysis of Nike in athletic footwear market based on porter’s Five forces model 1. Introduction One and a half months ago, the biggest athletic event in the world  ultimately drew its curtains after a pitched one-month-long battle, which saw thirty-two teams vying for the roll of honor of being crowned the final kings of football – the World Champions – and earn bragging rights for four years at least. It was not onlyRead MoreFactors That Impact on and Influence the Organisation Essay1702 Words   |  7 Pageset al (2002) states that managers should understand the competitive forces that exist between organisations in the same industry because this will determine its attractiveness. De Swaan Arons, et al (1999) refer to Porter’s Five Forces framework as a tool to assess profit potential within an organisation. These forces include; supplier and buyer power; threat of substitutes; and barriers to entry. At the centre of the five forces is competitive rivalry between organisations in the same industry/sector