MM4311 Strategic Management Individual Assignment Porter’s 5-Forces Model in Hong Kong theme park industry Name: Lau Hiu Ying Instructor: Yi TANG 1. Introduction Theme Park is an entertainment venue that includes rides‚ restaurants‚ activities‚ and attractions‚ woven around a theme such as celebrity or characters. Therefore‚ Hong Kong has a pair of theme parks which are Hong Kong Disneyland (an international famous theme park) and Ocean Park (a recreational‚ educational‚ home-growth
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5 Forces Model -Examines competitive forces that influence the profitability potential in an industry -Each force can reduce the probability that a firm can earn profits while competing in an industry Potential Entrant - can take market share away - force to learn new ways to compete - Barrier - Economies of scale – cost disadvantage - Capital – lack the resources (physical & human) to compete‚ competitive disadvantage - Switching costs – college‚ machine - Differentiation
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Research in Motion Porter’s Five Forces Threat of New Entrants * Moderate The ability for brand new competitors to emerge is very low. The smartphone industry is very technologically intensive. This means that a brand-new entrant would require a significant amount of money to build a comparative technological product in order to compete with RIM’s technology. No man or woman in their right mind would attempt to design and manufacture such an expensive product for such a competitive industry
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policy of non-interference in the colonies. Town Meetings In New England‚ town meetings were common. They were held annually and were used to discuss issues. Anyone was permitted to speak‚ making them examples of open democracy. I also like ice cream hahaayflower Compact The Mayflower Compact was written around 1620 in Plymouth. It established a government that consented to the will of the majority and was an early form of democracy. Fundamental Orders The colony of Connecticut is only noteworthy
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Porter’s five competitive forces in business Business is a form of system that exchanged services or goods with money. When we commence a business in Singapore‚ we have to invest in that business with efficient capital. Successful businesses enable us to gain profit and expand our business to a larger size. Therefore‚ there are a few principles that we must comply. The most basic principle would be the Michael Porter’s five competitive forces. Firstly‚ the most major force will be the rivalry among
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Porter’s Five forces Porter’s five forces tool will assist in analysing the competitive nature of the airline industry in order to assess the position of Flyafrica. This will enable FlyAfrica to make strategic decisions in order to increase geographical presence and profitability. Entry Barriers (Threat of new entrance) Threat of New Entrants This aspect has a low threat for the Zimbabwean airline industry because there are extremely low switching costs. Additionally‚ there are no proprietary
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DECLARATION This Project work is prepared by Ms. Rima V Dave a student of T.Y.B.B.A. Hereby declare that the project report is my own work and had been carried out under the supervision of Mr. Kuldeep Jobanputra of Shri R.P.Bhalodiya College of commerce & management‚ Saurastra University‚ Rajkot. I‚ submit the report to Saurastra University‚ Rajkot. I preciously assure you that this work had not been previously submitted to any other university for any other examination. Place:-
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Gender: 1. Do you eat Ice Cream? a. Yes b. No 2. Which Ice Cream do you usually buy? a. Baskin Robbins b. Kwality Wall c. Mother Dairy d. Amul e. Others 3. Why do you buy this brand? a. Quality b. Package c. Quantity d. Price 4. Which is your favorite ice cream flavor? a. Vanilla b. Strawberry c. Chocolate d. Honey Nut Crunch e. Other 5. How often you eat ice cream? a. Weekly b. Monthly
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customers incur any significant costs in switching suppliers? Yes In some cases‚ Cogeco offers services that are fixed contracts and a significant cost would be incurred if the customer decides to break the contract and approach another cable provider. 5. Is a lot of capital needed to enter your industry? Yes Marketing is a primary component in this industry which indicates that the cost of customer acquisition is high. The materials‚ labor and overhead costs are relatively high as well. Hence‚ its
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Porter’s Five Forces Rivalry Among Competing Sellers: HIGH/MODERATE The rivalry among competing sellers‚ often the strongest competitive pressure‚ is also fairly high for Panera in the restaurant industry. No switching costs‚ numerous competitors‚ and an increase in the availability of healthy food For a company in the restaurant industry‚ there are no switching costs for consumers. It is not like‚ for instance‚ the cable industry where cancellation fees are prevalent or an electronics industry
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