Question

This week we will be discussing and providing examples for the various industries to include: growth industry, mature industry, and declining industry.

Identify a growth industry, a mature industry, and a declining industry. For each industry, identify the following;

• the number and size distribution of companies;
• the nature of barriers to entry;
• the height of barriers to entry; and (d) the extent of product differentiation.

Once you have identified an example for each, then, answer the following questions:

• What do these factors tell you about the nature of competition in each industry?
• What are the implications for the company in terms of opportunities and threats?

Can any assistance please be provided on the above please use your own words no plagiarism thank you can you please make sure I understand your explanation

Answer 1

First, Research the chosen industry, then provide a rating for each area: "Threat of new entrants, Rivalry among existing firms, Bargaining power of buyers/distributors, Bargaining power of suppliers, Relative power of other stakeholders" and provide a short justification for the rating: Rate High, Medium, Medium to Low, or Low. Finally, Once you have conducted your analysis answer the following question: Are any of the forces changing?

Can anyone tell me why this approach to researching "competition and competitiveness within a give industry" works?