https://padlet.com/saynerf/jiu87foxfhm0 Made with a bold sensibility en-us 2017-08-02 02:08:21 UTC 2024-04-13 12:26:58 UTC hello@padlet.com saynerf https://padlet.com/saynerf/jiu87foxfhm0/wish/179909620 The forces identified by Porter are: the entry of new competitors, the bargaining power of buyers, the threat of substitutes, the bargaining power of suppliers, the rivalry among existing competitors, the generic strategies approach, lower cost strategies and 
differentiation strategies.]]> 2017-08-02 02:10:57 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179909620 saynerf https://padlet.com/saynerf/jiu87foxfhm0/wish/179909714
Profitable markets always attract new businesses, as these businesses see an opportunity to make a profit, make sales and expand their operations. Although it may be hard for existing businesses to adapt to the new environment, barriers such as patents, economies of scale and supportive government policies support the existing businesses. If the barriers do not help the business, their piece of the market share will decrease due to the more efficient and productive new businesses.]]> 2017-08-02 02:11:54 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179909714 kyla_ellahiyoun https://padlet.com/saynerf/jiu87foxfhm0/wish/179909982 Businesses that operate in the same market where similar products exist. E.g. Coke and Pepsi. 
Customers switch between the alternative products in a market in response to price or quality of goods/services. 
-> It reduces the attractiveness of the market and businesses will find difficulties with maintaining and building a set customer base.  
-> Suppliers will also face difficulty in their contracts with businesses, especially when they rely on profit from businesses to continue their processes.
-> Competing with global substitutes.]]> 2017-08-02 02:14:34 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179909982 saynerf https://padlet.com/saynerf/jiu87foxfhm0/wish/179910203 2017-08-02 02:16:51 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179910203 saynerf https://padlet.com/saynerf/jiu87foxfhm0/wish/179910244 Refers to an advantage to consumers that comes from gathering together to put collective pressure on producers to lower prices or improve quality. The bargaining power of buyers typically has the strongest effect on pricing when buyers are organized and they collectively account for much of the producer's income, they are interested in a product that has an excess of suppliers, and they are interested in making substantial purchases.]]> 2017-08-02 02:17:22 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179910244 saynerf https://padlet.com/saynerf/jiu87foxfhm0/wish/179910287 2017-08-02 02:17:43 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179910287 amelietheuma https://padlet.com/saynerf/jiu87foxfhm0/wish/179910358 New competitors will enter into a market in which they see will will be successful and profitable. As new competitors are added and the market grows, the existing business' must ensure they act in a way that is able to survive and keep their current customers. ]]> 2017-08-02 02:18:26 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179910358 saynerf https://padlet.com/saynerf/jiu87foxfhm0/wish/179910727 2017-08-02 02:22:52 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179910727 https://padlet.com/saynerf/jiu87foxfhm0/wish/179910753 Refers to suppliers' ability to easily increase the price of the item they sell to a business. This can be as a result of uniqueness of product or service, size and strength of supplier, cost of switching to another supplier, and number of suppliers of each essential input.]]> 2017-08-02 02:23:12 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179910753 raj_vin https://padlet.com/saynerf/jiu87foxfhm0/wish/179911416 - Rajat ]]> 2017-08-02 02:29:01 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179911416 kyla_ellahiyoun https://padlet.com/saynerf/jiu87foxfhm0/wish/179911526 The number of competitors in a market. If a market has a substantial number of businesses that sell undifferentiated products, the market loses its overall attractiveness.]]> 2017-08-02 02:30:08 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179911526 raj_vin https://padlet.com/saynerf/jiu87foxfhm0/wish/179911546 - Rajat

]]> 2017-08-02 02:30:19 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179911546 pigeonsarecoolkay https://padlet.com/saynerf/jiu87foxfhm0/wish/179978423 The Entry of New Competitors
Current businesses in an industry must always be prepared to deal with new competitors by placing barriers between them, their competitors in the industry and possible new competitors. Barriers include patents, economies of scale (‘spending less to create more’ = mass production = the more you produce, the more cost and waste efficient you are) and supportive government policies or where the financial costs of commencing operations is prohibitive. ]]> 2017-08-02 20:29:55 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179978423 pigeonsarecoolkay https://padlet.com/saynerf/jiu87foxfhm0/wish/179978546 The Threat of Substitutes 
Businesses that operate in the same market whee close substitutes exist. Customers often change preferences in products and services in response to price increases or changes in quality of the good or service offered by the business. Examples include Coke and Pepsi or banks in regards to interest rates and home loans. 

- Lucy]]> 2017-08-02 20:31:56 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179978546 pigeonsarecoolkay https://padlet.com/saynerf/jiu87foxfhm0/wish/179978591 The Bargaining Powers of Buyers
Businesses need to conduct an assessment of how easy it is for buyers to drive the prices down as they are often able to dictate the terms of their buying. This is driven by the number of buyers in the market and the importance of each buyer to the business. For example, Coles and Woolworths gain customers by lowering their prices of essential foods to draw buyers away from competitors. 

- Lucy]]> 2017-08-02 20:32:49 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179978591 pigeonsarecoolkay https://padlet.com/saynerf/jiu87foxfhm0/wish/179978698 The Bargaining Powers of Suppliers
Suppliers can increase the price of the items they supply to the business through drivers of the number of suppliers of each essential input, the uniqueness of their product or service and the size and strength of the supplier. All of which, are also driven by existing contracts and the time required to undertake this change. 

- Lucy]]> 2017-08-02 20:35:05 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179978698 pigeonsarecoolkay https://padlet.com/saynerf/jiu87foxfhm0/wish/179978707 The Rivalry Among Existing Competitors
Competition is driven by the number and capability of competitors in the market. However, if their products and services do not differentiate, this can cause an overall reduced market attractiveness. 

- Lucy]]> 2017-08-02 20:35:34 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179978707 pigeonsarecoolkay https://padlet.com/saynerf/jiu87foxfhm0/wish/179978778 The Bargaining Powers of Buyers
Businesses need to conduct an assessment of how easy it is for buyers to drive the prices down as they are often able to dictate the terms of their buying. This is driven by the number of buyers in the market and the importance of each buyer to the business. For example, Coles and Woolworths gain customers by lowering their prices of essential foods to draw buyers away from competitors. 

- Lucy]]> 2017-08-02 20:36:43 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179978778 pigeonsarecoolkay https://padlet.com/saynerf/jiu87foxfhm0/wish/179978842 The Rivalry Among Existing Competitors]]> 2017-08-02 20:38:28 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179978842 pigeonsarecoolkay https://padlet.com/saynerf/jiu87foxfhm0/wish/179978895 The Threat Of Substitutes  ]]> 2017-08-02 20:39:41 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179978895 BerkaySahin https://padlet.com/saynerf/jiu87foxfhm0/wish/179992778 2017-08-03 00:16:08 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179992778 https://padlet.com/saynerf/jiu87foxfhm0/wish/179993067 2017-08-03 00:19:51 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/179993067 saynerf https://padlet.com/saynerf/jiu87foxfhm0/wish/180230167 2017-08-07 02:49:10 UTC https://padlet.com/saynerf/jiu87foxfhm0/wish/180230167