and explain the 6 forces of the Porter model. Six Forces Model: The Six Forces Model (SFM) is a business strategy tool. It is primarily used as an industry model to assess the competitiveness of a market. The Six Forces Model is an improvement over the Five Forces Model developed by Michael Porter. SFM is more specific than even SWOT‚ and is also used as an alternative to SWOT. SFM analyses six areas in a market place:- Competition: Are there a lot competition in the market? Are there dominant
Premium Strategic management Management
What is the tension in the string in the figure? T = W - FB where T is the weightof the Al and FB buoyant force due to thealcohol T = ρAl V g - ρE V g =(ρAl - ρE) V g =(ρAl - ρE) * 10E-4 *9.8 converting the volume to m3 Using 2700 for the density of Al and 790 for the density ofethyl alcohol T = 1910 * 10E-4 * 9.8 = 1.87 N A wood block with a density of 700 floats in water. What is the distance from the top of the block to the water if the water is fresh? (a) density
Premium Pressure Water Density
live fowl market in Asia with live‚ dead and dying birds. Cruelty to animals refers to the infliction of unnecessarysuffering or harm to nonhuman animals. Broadly speaking‚ there are two approaches to the issue. Theanimal welfare position holds that there is nothing inherently wrong with using animals for human purposes‚ such as food‚ clothing‚ entertainment‚ and research‚ but that it should be done in a humane way that reduces unnecessary suffering. Animal rights theorists criticize this position
Premium Tropical rainforest Forest Animal welfare
Toward the Modern Consciousness: Intellectual and Cultural Developments values and ideals that had been generated by the Scientific Revolution and the Enlightenment‚ Reason‚ Science‚ and progress were still important words modern technology as electric lights‚ phonographs‚ and automobiles new view of the physical universe ‚ an appeal to the irrational‚ alternative views of human nature‚ and radically innovative forms of literacy and artistic expression shattered old beliefs Developments in
Premium Socialism Impressionism Reason
The purpose of this experiment is to test if the the radius of a circle affects how much centripetal force affects an object. Centripetal force plays a major part in every day life. This force is the reason for the sensation of being ‘pushed’ into the car door that passengers in a car feel when the driver makes a sharp left turn (The Centripetal Force Requirement‚ n.d.). It is the reason people feel almost weightless on rollercoasters‚ and on an even larger scale‚ it is what keeps the moon orbiting
Premium Classical mechanics General relativity Mass
The Six Forces Model developed by Porter is a tool that determines the competition level in any industry and the attractiveness of the industry. The six Forces are: • Competition – this parameter is determined by the number of the competitors and their aggressiveness. If in your industry you have many competitors‚ and your competitors might be drawn into price wars‚ this will cause the profit rate to drop towards a competitive level (perfect competition) • New Entrants – if your industry is highly
Premium Competition Competition law Monopoly
Five Forces Analysis is based on the concept that the key objective for any organization should be to gain advantage over its competitors‚ it is not the industry that an organization is in that counts‚ but where it wants to compete in terms of the nature of the competition. This competition is provided by the nature of the rivalry between existing firms‚ the threat of potential entrants and substitutes and the bargaining power of both the suppliers and buyers (Lowson‚ 2002). The five-forces model
Premium Strategic management Barriers to entry
An Important issue that doesn’t revive enough attention that is/should be crucial to every one of us‚ is the effectiveness of our national healthcare system. Clemmitt‚ when Emily‚ a 24-year-old graduate student‚ discovered a lump on her thigh‚ her doctor advised her to get an MRI to find out whether it was cancerous. Emily ’s student insurance policy didn ’t cover the $2‚000 procedure‚ so she skipped it. Several weeks later‚ during outpatient surgery to remove the lump‚ Emily ’s surgeon found
Premium Universal health care Health economics Medicine
aspects of the industries in medicine‚ food‚ water etc. The objectives of this laboratory experiment is to become familiar with dissolution and precipitation equilibria‚ develop a lab technique suitable for the determination of the solubility for a sparingly soluble salt‚ Ba(NO3)2 (s) at room temperature and measure the common ion effect in solubility of Ba(NO3)2 (s) in an acidic solution‚ HNO3 (aq). Procedure: In this lab‚ the evaporation technique was used to determine the solubility of the
Premium Chemistry Temperature Thermodynamics
An Argument Against Current Marketing Practices Towards Children Marketing ethics deals with the morality of principles and techniques that companies use to advertise and promote their products. An important issue concerning this deals with the ethics of marketing to children‚ as there are many concerns when it comes to this topic. Marketing to children only is unethical because children are naïve‚ impressionable‚ and lacking knowledge and experience‚ they make easy targets for marketers. Children
Premium Marketing Advertising Ethics