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"Evaluate an area of business by using Porter's Five Forces Model. Select an industry from the list below and describe the relative attractiveness of entering that industry"
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university text books, religious literature, fictitious novels on all subjects, cooking stuff, books on international relations and current affairs etc. However, the industry has observed a sharp decline in growth after advent of electronic commerce coupled with recent economic turmoil that further hampered its growth. This will be discussed in detail in the following section when author will present real world scenario. (Foner Books Report, 2010)
The author would now provide an analysis on Book Selling Industry across USA by using Porter’s Five Forces model. Each force will be discussed in detail so that a reader could have a clear insight about the scope and business potential in this industry.
It should be pointed out that book buyers in USA could be divided into two major groups such as core students (the educational text books market) and book lovers (that tend to buy books on various subjects). The bargaining power of core students has increased considerably in last 2 years because of decline in demand of school, college and university education. Indeed, the reasons behind that include lack of short - term unemployment opportunities followed by surge in inflation, which compelled the students to take semester or yearly breaks. In this way, decline in demand of students sharply reduced the demand of course or text books, thereby leading to decline in book selling activities. As far as demand from book lovers are concerned, it should be emphasized that bleak employment prospects and decrease in consumer purchasing power also forced potential buyers to tighten their belts and reduce spending on books. For instance, today book lovers also demand higher value for the money they spend in the market. Hence, it is worthwhile to point out the fact that increase in bargaining power of consumers has resulted in downward pressure in pricing. Leading book retailers such as Amazon, Barnes & Noble, BN.com and Borders were forced to reduce their prices by announcing
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Air travel is an increasingly expanding industry, for both business and leisure pruposes. “It facilitates economic growth, world trade, international investment and tourism and is therefore central to the globalization taking place in many other industries” (Aruvian’s R’search, 2011).
Car sales have been dropping post recession but government support is forthcoming in the UK towards introducing innovation in the automobile industry (Sibbald, 2009). In addition to carbon reduction, small cars with innovative technology that can help in achieving fuel efficiency and reducing the space required for parking, is very much on the government agenda for financial support.
Majority of modern organizations are currently using Porter’s five forces theory to determine their competitive power in the market. I am currently working in hospitality industry and my organization has intentions to diversify its activities to banking sector.
It's feasible to consider the degree of attractiveness here. In fact it's this particular characteristic that determines the level of industry profits. Thus the opposite is true when unattractive industries incur losses as in the case of those industries that constantly develop characteristics of perfect competition.
This paper analyses the venture capital industry in the UK using the five force model. Venture capital firms are firms that use share holders funds to invest in other profitable ventures. (CFC (2009))
The UK venture capital industry is one of the
s threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers, and intensity of competitive rivalry while assessing an industrial environment.
Profitable markets that offer a high rate of returns to investors would probably attract
131). This industry does not encompass the industry that focuses its attention on the maintenance of automobiles after they have been delivered to the final user, which include garages as well as the fuelling stations.
e modifications in the financial system because of its comparatively inelastic demand; people require health care in spite of their financial situation (Ginter, Duncan, & Swayne, 2013).
Sports Injury Rehabilitation assists athletes as well as active individuals successfully
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