FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Explain what you think Professor Porter's Five Forces Model means to any business and why a progressive company needs to understand the model. In addition,

Explain what you think Professor Porter's Five Forces Model means to any business and why a progressive company needs to understand the model. In addition, give an example of a company that you believe understands the model and is successfully implementing it.


Step by Step Solution

★★★★★

3.56 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

WHAT IS PORTERS FIVE FORCES MODEL Porters Five Forces is a method for analyzing a companys competitive environment Companies profits are affected by their competitive rivals new market entrants suppli... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Marketing

Essentials of Marketing

Authors: William D. Perreault, Joseph P. Cannon

13th edition

78028884, 978-0078028885

More Books

Students also viewed these Accounting questions

Question

★★★★★
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★
Car sharing is a growing and competitive business in the United States. Scott Griffith, Chairman and CEO of Zipcar, is considered a leading authority in the industry. Under his command, Zipcar, which...

Answered: 1 week ago

Question

★★★★★
Give an example of a foreign-made product (other than an automobile) that you personally have purchased. Give some reasons why you purchased that product. Do you think that there was a good...

Answered: 1 week ago

Question

★★★★★
You have three light bulbs; bulb A has a resistance of 240 , bulb B has a resistance of 192 , and bulb C has a resistance of 144 . Each of these bulbs is used for the same amount of time in a setup...

Answered: 1 week ago

Question

★★★★★
Company A owns a world-renowned trademark, but it doesn't appear on its balance sheet. Company B owns a world-renowned trademark, which is valued on the company's balance sheet at $125,000,000....

Answered: 1 week ago

Question

★★★★★
Friendly's Quick Loans, Inc., offers you "five for four, or I knock on your door." This means you get $4 today and repay $5 when you get your paycheck in one week (or else). What's the effective...

Answered: 1 week ago

Question

★★★★★
90. The number of accidents in each period is a Poisson random variable with mean 5. With Xn, n 1, equal to the number of accidents in period n, find E[N] when (a) N = min (n: Xn2 = 2, Xn1 = 1, Xn =...

Answered: 1 week ago

Question

★★★★★
The financial statements of Tootsie Roll Industries are presented in Appendix A. Instructions Answer the following questions. (a) What was the amount of net cash provided by operating activities for...

Answered: 1 week ago

Question

★★★★★
Required information [The following information applies to the questions displayed below] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

Answered: 1 week ago

Question

★★★★★
Street, Rhode and Close carried on business in partnership sharing profits and losses, in the ratio 5 : 4 : 3. Their draft statement of financial position as on 31 March 20X2 was as follows: Street...

Answered: 1 week ago

Question

★★★★★
5 Use the simplex algorithm to solve the following LP: maxz = x 1 + x 2 s . t . 4 x 1 + x 2 1 0 0 x 1 + x 2 8 0 x 1 4 0 x 1 , x 2 0

Answered: 1 week ago

Question

★★★★★
2 The job cost sheet for Benchmore Boat Company's job-order number Boat 101 is shown below. 3 4 Required 5 Complete the job cost sheet. 6 7 Job Cost Sheet 8 Job Order Number Boat 101 9 Customer Name...

Answered: 1 week ago

Question

★★★★★
Boardwalk Web Design has just completed operations for the year ended December 3 1 , 2 0 2 5 . This is the third year of operations for the company. The following data have been assembled for the...

Answered: 1 week ago

Question

★★★★★
Andretti Company has a single product called a Dak. The company normally produces and sells 85,000 Daks each year at a selling price of $64 per unit. The company's unit costs at this level of...

Answered: 1 week ago

Question

★★★★★
Pharmaceutical Benefits Managers (PBMs) are intermediaries between upstream drug manufacturers and downstream insurance companies. They design formularies (lists of drugs that insurance will cover)...

Answered: 1 week ago

Question

★★★★★
create a banking program with html and javascript must have javascript and html in the code must have javascript and html in the code Your supervisor has asked you to create a simple bank...

Answered: 1 week ago

Question

★★★★★
please help me out with the requirments i'm really stuck The owner of Long Island Restaurant is disappointed because the restaurant has been averaging 10,000 pizza sales per month, but the restaurant...

Answered: 1 week ago

Question

★★★★★
The column shown in the figure is fixed at the base and free at the upper end. A compressive load P acts at the top of the column with an eccentricity e from the axis of the column. Beginning with...

Answered: 1 week ago

Question

★★★★★
Why is the target market placed in the center of the four Ps in the text diagram of a marketing strategy (Exhibit 2-4)? Explain, using a specific example from your own experience. In Exhibit 2-4 Ducr...

Answered: 1 week ago

Question

★★★★★
Some critics argue that the Foreign Corrupt Practices Act puts U.S. businesses at a disadvantage when competing in foreign markets with suppliers from other countries that do not have similar laws....

Answered: 1 week ago

Question

★★★★★
Cite an actual local example of each of the three kinds of sales presentations discussed in the chapter. Explain for each situation whether a different type of presentation would have been better.

Answered: 1 week ago

Question

★★★★★
A company manufactures hair dryers. It buys some of the components, but it makes the heating element, which it can produce at the rate of 800 per day. Hair dryers are assembled 250 days a year, at a...

Answered: 1 week ago

Question

★★★★★
Given the following information: Expected demand during a lead time = 300 units Standard deviation of demand during a lead time= 30 units Demand during a lead time is distributed Normally: a....

Answered: 1 week ago

Question

★★★★★
A manager just received a new price list for boxes from a supplier. It will now cost $ 1.00 a box for order quantities of SOI or more, $1.10 a box for 200 to 800, and $1.20 a box for smaller...

Answered: 1 week ago

Previous Question Next Question