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Industry life cycle assignment

   

Added on  2021-02-20

9 Pages2630 Words137 Views
Me as a product

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Porter five forces model ..............................................................................................................1BCG matrix..................................................................................................................................1Generic strategies.........................................................................................................................2Vision/Mission/strategy...............................................................................................................3SWOT analysis ...........................................................................................................................3Industry life cycle........................................................................................................................3Ethics and CSR............................................................................................................................4Different leadership styles...........................................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7

INTRODUCTIONProduct refers to an items that is offered for sale. Me as a product can be described asindividual entering into employment like workforce as a commodity where the level ofcompetition is very high. The Report will present myself as a product with the help of differenttype of models like porter five forces, generic strategy etc. MAIN BODYPorter five forces model Threat of new entrants :It can be described as the entry of new candidates in the market for getting employmentin similar field in which I want to work. If there are large number of new entrants then, thecompetition between me and other candidates will be high. If, I am having better skills ascompared with other people in that case, I will be able to compete with them in better way.Threat of substitute :It refers to the substitutes that are available in the market. In case when large number ofworkers are available in the market then there will be great chances that employer will giveemployment to other candidates (Mathooko and Ogutu, 2015). Bargaining power of buyer :Bargaining power means, the individual or firm that are buying the product. If, myprevious work record is better then, I will be able to better bargain with employer.Bargaining power of supplier :It means bargaining power of people that are supplying the product. When people that arepromoting me as a product has high bargaining power in that case, it will be helpful for me to getemployment.Competitive rivalry :It means the level of competition that is existing between candidates for gettingemployment in the firm. BCG matrixIt refers to the tool developed by Boston Consulting Group to evaluate strategic positionand potential of self or business. BCG matrix of self as a product - Question mark -1

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