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Think of the Global Challenge game in CESIM. Very briefly, which industry are we competing in for this simulation? ( This is not a trick
Think of the Global Challenge game in CESIM. Very briefly, which industry are we competing in for this simulation? This is not a trick question.
Although in the actual game, there is zero threat of new entry, imagine for a moment that this was possible and that you are a hired management consultant advising the CEO on whether to enter the market as a seventh company the Purple Team! What factors would make this industry "attractive" or "unattractive" for you to enter? I am interested in you making the case for either assessment, and which you think is the more likely and why.
As part of your answer, please apply relevant elements of PESTEL, Porter's Five Forces P as well as more general factors impact industry attractiveness.
Be sure to discuss PESTEL and P in context of the Global Challenge game only, with an emphasis on Porter's Five Forces. Im not interested in a generic description of these tools generically, nor as applies to the current smart phone market. But I still want to see you apply all five forces in context as best you can, making reasonable inferences but starting with the facts and market outlooks of the Global Challenge game. Your answer may not be perfect, but if it is thoughtful, analytical, and focused, you can earn full credit.
Additionally, please discuss the concept of "customer switching costs" as well. Are switching costs likely to be high or low? Explain your answer. What would be the impact of high or low switching costs on a new entrant as well as incumbent competitors?
One piece of advice: Do not focus on what your company's strategy would be but rather keep your focus on the applied external analysis of PESTEL, Porter's Five Forces, industry attractiveness, and other concepts already mentioned here.
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