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2012 STRATEGIC MANAGEMENT Discuss Porter’s five forces theory of market competition. How does strategic group analysis provide a refinement to the five forces model? Key words here are: -discuss -Porter’s five forces -strategic group analysis -refinement of it(improve it yaani k extra benefits of strategic group analysis compared to five forces) Strategic decisions have always been a vital part of business as ever since their conception but the word strategy is barely mentioned pre 1960s
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ssPorter’s 5 forces analysis for Arcelor Mittal 1. Competitive rivalry: Industry rivalry is high: Arcelor Mittal is still ranked no. 1 in the world top steelmakers (World SteelAssociation‚ 2013) with a reported 96.1 tonesof crude steel in 2013‚ higher than 93.6 tones in 2012. In 2014 Arcelo Mittal produced around 119 tones crude steel‚ it is present in 22 countries‚ all over the world. Ranked no.2 is Nippon Steel & Sumimoto Metal Corporation‚ with 50.1 tones crude steel in 2013. However‚ many companies
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Civil Aviation in Nigeria is a child of very humble beginnings‚ a spin-off of the British Colonial rule. But above all else‚ it is a product of a mere accident of history dating back to 1925 in the unlikeliest of places - the ancient‚ walled city of Kano. Sometime in July of that year the Northern city was gripped by a tense stand-off between the residents and the colonial government officials. The British government at the time was maintaining an active Royal Air Force (RAF) base in Khartoum‚
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scales of the airlines industry. However‚ entering an airline industry need to spend a lot of money and time. For instance‚ they need to limited gate spaces‚ spend high capital cost‚ and computer system costs. As Southwest had already become the first model of the short-haul flight industry‚ it is difficult to other airlines to accomplish this goal. Substitution: Substitution to air industry includes car‚ buses‚ trains and trips. The most possible substitutions are vehicles and coaches; however‚ flights
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British Colonizing in Nigeria In the late 19th and early 20th century‚ Europeans had raced to colonize the country Africa. Great Britain was the leaders at this time in colonizing the land filled with rich natural recourses. These recourses were considered a necessity to the industrialization of the world‚ specifically Nigeria. During this colonization that Great Britain was doing in their new land‚ you could imagine that the locals were not too happy about this. The British had no respect for
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Electronic Retail Payment Systems: User Acceptability and Payment Problems in Nigeria 1.1 Introduction The world has witnessed an upsurge of electronic payment instruments meant to facilitate trade and simplify payments. (Abor‚ 2004) Before the introduction of electronic payment into the Nigerian banking system‚ all customers had to walk into the actual bank to do transaction of all kinds. Customers had to queue up and spend more hours to talk to a teller to make their transactions. (Abor‚ 2004)
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restaurants that serve coffee or other items like tea‚ soda and coffee from home; also‚ the switching cost are low for the consumer. All of this combined means the threat of substitutes is extremely high in this case. The fourth item in Porter’s model is the threat of new entrants. The threat of new entrants refers to the ability of new competition to enter the market. Starting a coffee shop does not require economies of scale‚ the capital investment is low and consumer switching cost is low; all
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THE COLLAPSE OF UNIVERSAL BANKING SYSTEM IN NIGERIA: AN ASSESSMENT OF THE INTRODUCTION OF SPECIALZED BANKING AND HOLDING COMPANY SYSTEM. BY AIMINHIEFE OSAGIE BENEDICT Osazemogie@yahoo.co.uk‚ 08055819143 BEING AN M.Sc. (ACCOUNTING AND FINANCE) SEMINAR PAPER‚ DEPARTMENT OF ACCOUNTING‚ FACULTY OF MANAGEMENT SCIENCES‚ BENUE STATE UNIVERSITY‚ MAKURDI. Abstract The Central Bank of Nigeria (CBN) recently reviewed the universal banking system in favour of separate banking licenses
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‘safeguard against the illegal use or application of patented technology and copyrights by local imitators’ (Isobe et al.‚2000). The FFF presumes that rivalry in its economic form is not impeded by forces ‘external’ to the product marketplace. The model transports‚ perhaps inadvertently‚ a dominant assumption of Bain/Mason paradigm (Bain‚ 1968; Mason‚ 1939): legally enforced rules pertaining to Antitrust (e.g. price discrimination‚ collusion and unfair trade practices) and to intellectual property
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