Question
The Good Times Frozen food company has a factory in Langley, BC, and sales distribution centers in Langley, Calgary, AB and Markum ,ON. For many
The Good Times Frozen food company has a factory in Langley, BC, and sales distribution centers in Langley, Calgary, AB and Markum ,ON. For many years the company's best selling product was line of frozen meat and vegetable pies. In the resent years sales of these products have fallen. The increase cost of meat has forced the company to raise the prices, and this was determined to be the one cause of sales decline. To counteract, a decision was made to introduce a new line of vegan friendly frozen pies. Mr. Sea, at the Calgary office, is a manager in the company. He believes that assessing the company and the new product line using Michael Porter's 5 forces shaping competitive advantage model can assist in a decision making. Additional information about the company's situation as fallows: 1. They had many competitors in the frozen meat pie business, but they are the first to enter the vegan pie business. 2. They buy most of their inputs from 3 suppliers, but every year dozens of other suppliers makes sales visits wanting to sell them the same input QUESTION IS: Help Mr. Sea, by analyzing the company using Michael's porter force model. Be sure to specify whether each force has a high, medium or low impact. Specify any assumptions you deem necessary related to each of the five forces.
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