Business Strategy P3: Porter's Five Forces Analysis Presentation

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Added on  2023/06/18

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This presentation provides an overview of business strategy, focusing on Porter's Five Forces model. It explains how competitive rivalry, supplier power, buyer power, the threat of substitution, and the threat of new entrants impact a company's competitive position within an industry, using Apple as an example. The presentation concludes that businesses should use models like Porter's Five Forces to analyze their industry and gain a competitive edge. Desklib offers a range of resources, including solved assignments and past papers, to support students in their academic pursuits.
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Business Strategy (P3)
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Content
Introduction
Porters five forces
Conclusion
References
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Business Strategy is referred to as the set of steps and
rules that are taken up by the management to have a
better competitive hold on the business environment.
These are combination of rules taken and the actions
performed to achieve the business goals and
organisational goals. This PPT will cover Porters five
forces of company.
Introduction
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Application of Porter’s Five Forces model
Porter's five forces is a useful tool to identify the competitiveness in an industry and how
these factors influence position of any business in the industry (Wee, 2017). It is an
industry study with regard to a company in question. The five forces that derive the
competitiveness of a firm in an industry are
Competitive Rivalry
Supplier Power
Buyer Power
Threat of Substitution
Threat of New Entry
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Competitive Rivalry
Competitive Rivalry talks at what level the
firms are competing. How the rival firms are
reacting to each other. The competitive rivalry
in the industry of Apple is strong as the
competitors like Google, HP, Samsung
expends a significant capital on research and
development
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Bargaining power of Suppliers
Supplier Power measures the level of suppliers
that are there in the industry and at what level
the company holds the power to bargain from
them. This power of suppliers is weak in case
of Apple as the potential suppliers in the
industry for Apple are in significant number.
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Bargaining power of customers
Buyer Power measures the bargaining power of
the buyers. Less number of buyers in the
industry holds this power. For apple, individual
bargaining power of a buyer is weak as this will
not have any significant impact on the revenue
of firms.
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Threat of Substitute
Threat of Substitution refers to the likelihood of your customers to find substitute
for your product (Sun and et. al., 2018). This is low for Apple due to the
reputation it holds in the market and substitute products have limited capabilities
compared to apple's products.
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Threat of new Entrants
Threat of New Entry refers to the ability of new businesses to enter the industry. This
can pose a threat to existing firms as new businesses will have innovative products.
Apple's brand recognition and high cost of establishing a company within the industry
makes this potential threat relatively low for Apple.
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Conclusion
From the above mentioned PPT, it has been concluded that the a business need to
follow a set of models to come up with the best business strategy. The Porters give forces
helps in analysing the industry so that a company can take the competitive edge over
others.
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References
Eskerod, P. and Larsen, T., 2018. Advancing project stakeholder analysis by the
concept ‘shadows of the context’. International Journal of Project Management. 36(1).
pp.161-169.
Forleo, M.B. and Palmieri, N., 2019. The potential for developing educational farms: a
SWOT analysis from a case study. The Journal of Agricultural Education and
Extension. 25(5). pp.431-442.
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Thank You
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