The competitive environment of the company is understood by evaluation the five forces acting on the business process of the firm. These five forces if not evaluate by the company can affect the company’s performance in the industry. In order to evaluate the different forces of the business environment Porter’s five forces is a very essential tool for the companies. …
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Sony being one of the leaders in the music, movies, gaming and electronic industry is competing with many players in the electronic market. Several players like Samsung, hp, LG are already in a steady position in the market with around same market share. The industry of electronics grew at a very fast pace over the year and with the emergence of many new companies from South Korea like Samsung and LG many existing players of the market like Sony are suffering to maintain their market share. Samsung maintained a huge profit of $3 billion profit while Sony suffered in earning during the same period (LedTV, 2011). To maintain the market share the company need to develop a strong base to compete with the global market (Market Research News, 2011). Though these players are entering into the market but threats from new entrants are relatively low in electronics industry as compared to other industry. The capital requirement for the entry is huge for the new players which is not possible for many to enter the market. The switching cost of the new entrants is also high in electronic industry. For new players it’s difficult for them to know the new technologies and invest in research and development process. The diversified product line from the existing players like Sony is a great advantage for them. Economies of scale are another issue which keeps the competition low from the new players. Define the meaning of perfect competition. To what extent does your chosen industry’s structure fit with your definition? In a perfect competition scenario all the players of the market are approximately equally sharing the market share. None of the companies in the market are large enough to set the price for the industry. Most of the firms in the same industry produce same kind of products and follow the expected price for the product which other players are using. In a perfect competition market no single company leads the race for the industry. Everyone in the market possesses same kind of small market share. The customers in a perfect competition market are aware of the products from all the players and they have an expected price of the different products from the companies the new entrants can enter with ease in this market situation and they also don’
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Catalyst Housing Ltd accounts for one of the leading housing associations based in London and South East providing a range of housing solutions and community development initiatives. It works closely with its partners and local residents in order to serve the needs and requirements of its local customers.
The arrangement of manpower in organisations for various functions and levels is known as structure. Culture is the overall environment of the organisation which is affected by many internal and external factors. Comparison of Organisational Structures The structure of the organisation depends on the functions the organisation performs.
Tesco manages to have the flexibility in its operations through offering its customers a wide range of commodities. Tesco also has a team that carries out research and creates new products (Seth & Randall, 2011, 234). They also employ new technologies fully, which has revolutionized Tesco’s operations.
An industry is the collection of firms making identical or similar products. Market structure is an important element and depends upon the nature of competition and number of firms competing within the industry. It is often characterised in terms of the strength of buyers and sellers, level of collusion, form of competition, degree of product differentiation, and also the ease of exit and entry into the market.
Its ‘BT Global Services Division’ has helped it to become one of the major telecommunication services providers in the world providing services to the corporate as well as the government customers across the world. The retail division of the company is the biggest suppliers of broadband, telephony and subscription television services in United Kingdom with more than 18 million customers.
In a struggle to outperform each other organisations do not only design a good strategy but also keep an eye on the strategies of their competitors. The saga of competition in the globalisation is like a language game that legitimises present exercise of organisations.
Similarly Worthington and Cumberpatch (2006) defined management as;
Internal: These are the factors like the strengths of the organisation, in terms of its finances, human resources, management, strategies etc. These factors can be controlled well by the organisation.
The information networks created by the organisations help the people to adopt the environment. Build and develop communication networks, improves learning process, develops sense of understanding and sharing between the people, provides a platform to discuss discoveries and innovations, provide the people with chance to learn after making mistakes.
on of trade barriers, the corporations have to change their frameworks so that they can respond proactively to the changing dynamics of the business world (Bass & Bass, 2008).
The scholars of the management field have carried out various studies to evaluate the latest forms of
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