Competitive Environment and Ways to Improve

Knowledge Management and
Information Systems
PART 1

Competitive environment and ways
to improve.
The concept of porter's five force is a structural framework which helps and aids in
analysing the level or pace of competition within an organization and business
strategy development.
By making the use of this model, competitor analysis takes place by understanding
how the threats of new entrants, the bargaining powers of buyers, bargaining power of
supplier, the threat of substitute products and the rivalry among the competing firms
will effect the competitors in the industry.
These five force have a direct effect on the strategies of Frekomon competitiveness.

Continued...
They provide creative and innovative games for their customers. Because the
organisation existing product was successful.
Apart form that they have different suppliers which are supplying the various
components to them.
It is a cost effective method because if they manufacture the gaming components in
their company it can increase the cost of production.
On the other hand the entry in this industry is not easy for a company.
And there are few company like Sony and Microsoft. But their platforms are different
from Freakomon.