Terms in this set (10)
Please identify and select two different industries
Explain how you would compare the competitive structure of the two chosen industries?
Give reasons for the choice of framework you use and explain its strengths and limitations
What are Porter's five forces that impact profitability of an industry?
In the online travel industry identify some of the key factors driving each one of Porter's five forces
How do you expect these forces to change in the foreseeable future (if at all)?
Critically assess (with an example) why the five forces analysis is not very useful to understand differences in profitability of individual firms?
List and explain the five elements comprising industry rivalry in Michael Porter's five forces framework.
Give an example of your choice for each of the five elements.
List and explain the seven elements comprising buyer power in Michael Porter's five forces framework
A business manager of Google believes that buyer's price sensitivity depresses an industry's profit potential. Do you agree? Please explain why (not).