Question

Essay discussion questions. 1-Discussion of Porter's 5 force model application to a given industry discussions. 2- Porter's generic strategies discussions 3. Perspectives in the balanced scorecard and its applications.

I am needing help with discussion points for these essay questions. Thank you!

Answer 1

Porters 5 Force Models  

It is the most widely known tool for analysis the competitive environment. it help in explaining how forces in competitive environment shape strategies and affect performance. the framework suggests that there are five competitive forces which are up the competitive environment.

  

Threat of New Entrants Rivalry Among Existing Competitors Threat of Substitutes Five Forces Model Bargaining Power of Suppliers Bargaining Power of Buyers

1. Threats of new entry

Consider how others could enter your market  and threaten your company's position.  

@. How much does it cost and long does it take your market ?

@. What are the barriers to entry ?

@. What does it take to make the business scalable ?

@. How strictly is your market regulated ?

2. Threat of substitution

This section of the five force ask you to determine the likelihood that your customer will replace your product or service with an alternative that solves the same need.

@. What are the differentiators between your product or service and substitute ?

  @. How many substitute product are available in market ?

  @. What is the cost of switch ?

@. How difficult would it be to make the switch ?

3. Bargaining power of suppliers

This section analyzes how easily suppliers could increase their prices and thus affect your bottom line.

@. How many suppliers does your company have ?

@. How unique is the product or service that they provide ?

@. How many alternative suppliers can you find ?

4. Bargaining power of buyers

On others end, you also need to determine whether buyers have the power to drive your prices down.

@. How many buyers control your sales ?

@. Could your buyer switch suppliers-and how much would it cost for them to switch ?

@.How important is your product /service to your buyers ?

5. Competitive rivalries

The four previous forces largely affect this last one. you need to look numbers of your existing competitors.

@. How many competitors do you have ?

@. How does the quality of their product or services company from the company ?

@. How distinguishes you company from the competitors ?  

Lucidchart content team . HOW TO DEFINE STRATEGY USING PORTER'S FIVE FORCES.

  

Porter's generic strategies  

It describe how a company pursues competitive advantages across its chosen market scope. a company also chooses one of two types of scope, either focus or industry-wide, offering its product across many market segments.

https//en.m.wikipedia.org.in

Broad » Cost leadership Differentiation Scope « Narrow Cost focus Differentiation focus « Cost Differentiation » calltheone.com/en/management-goeroes

The four strategies  

1. Cost leadership
2. Differentiation
3. Cost focus
4. Differentiation focus

ToolsHero. What are porters generic strategies. www.toolshero.com