External Environment Five Forces Analysis – Luxury accessories Force Threat level (high or low) The Threat of Substitutes High Substitutes include: Counterfeiters‚ Not using luxury accesories High Power of Buyers High Many buyers relative to rivals? Yes -> Low Need the item? No -> High Have all the information? Yes ->High Lots of substitutes? Yes ->High Product performance is critical? Yes ->High Product differentiation is possible? Yes->Low The Threat of Entrants High‚ but not
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Workplace Organisation 5 S’s WHAT IS 5S? • Developed by the Japanese • Workplace Organisation and Housekeeping System • Helps Create a Better Working Environment and a Consistently High Quality Process THE 5S PRINCIPLES • SEIRI – Organisation • SEITON – Orderliness • SEISO – The Act of Cleaning • SEIKETSU – The State of Cleanliness • SHITSUKE - The Practice of Discipline WHY DO IT? QUALITY EFFICIENCY 5S SAFETY ELIMINATING BREAKDOWNS EFFICIENCY • Time is wasted looking for tools‚ equipment
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Prior to the age of industry‚ 1865-1920‚ products were made by hand. Most businesses were owned by one or two people. The industrial revolution was the time period when products were made by machine rather than by hand. There were many causes of the growth of industry. In addition‚ there were many effects of the growth of industry . the age of industry was a turning point in american history. There were many causes of the growth of industry. One cause is new inventions‚ the new inventions increased
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The history of the airline industry went through a period described as challenging and soaring. The reason behind this description is the rapid increase in oil price which caused major financial losses and a cut in airline profits. Airlines which declared bankruptcy between 2004 and 2007 have all been a case of such losses. As of 2009‚ in the UK‚ airline analysts expected that airlines will have to face great challenges in the future. An example of this is British Airways which predicted a profit
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Americans during the 1950s were on the move. The population was shifting from the country to the city‚ then to the suburbs. More people moved from the Northeast and Midwestern sections of the country to the West and the South. Each year‚ one out of every five families packed up and left for somewhere else. (Chalmers‚ p. 5) One of
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Introduction This paper shall involve and include a discussion and analysis of the macro environment of business using the extended PESTLE tool and an analysis of the micro environment in which the business operates by use of the Porters Five Forces Model as a tool. From the analysis of the micro environment of the business‚ one trend and one crisis will be identified and there will include a short strategy in which the business can address each of these issues. In this case‚ the situation surrounding
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Introduction The model of the Five Competitive Forces was developed by Michael E. Porter in his book „Competitive Strategy: Techniques for Analyzing Industries and Competitors“ in 1980. Since that time it has become an important tool for analyzing an organizations industry structure in strategic processes. Porters model is based on the insight that a corporate strategy should meet the opportunities and threats in the organizations external environment. Especially‚ competitive strategy should
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PORTER’S FIVE FORCES. BUYER’S POWER: - Nokia had been edged out by rivals in the smartphone market who launched new and better products which resulted to Customers shifting to android phones which resulted to Nokia reducing their selling price in order to increase the rate of sales but they lost in the rate of profitability and consumer loyalty. The customer power is high; nokia is focusing on the smartphone segment because it has the biggest margin in the industry‚ the consumers are increasing despite
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Porter’s Five Forces Model Michael E. Porter’s five forces of competitive position model and diagrams Michael Porter’s famous Five Forces of Competitive Position model provides a simple perspective for assessing and analyzing the competitive strength and position of a corporation or business organization. New Market Entrants‚ eg: • • • • • entry ease/barriers geographical factors incumbents resistance new entrant strategy routes to market Supplier Power‚ eg: • • • • • brand reputation
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.....................................................................................7 Overview..........................................................................................................................................7 Porter’s Five Forces......................................................................................................................8 Internal Rivalry.............................................................................................................
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