https://padlet.com/JasonDowns/t8nfeeps0xfwsaf How Competitive Forces Shape Strategy en-us 2022-01-07 05:49:49 UTC 2022-01-07 06:25:59 UTC hello@padlet.com https://padlet.net/icons/png/1f3c1.png JasonDowns https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980070413 If you were confused by the example Michael gave about coffee percolators, they were devices that were popular in the 1970's and 80's in homes. They made *fancy* coffee. Of course today better and cheaper alternatives are available.]]> 2022-01-07 06:00:15 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980070413 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980071386 weak forces represent more chances and profit]]> 2022-01-07 06:01:40 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980071386 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980072122 Competition in the industry is inevitable, the role of the strategist is extremely important as their actions determine the position the company would gain in the constantly shaping competition.]]> 2022-01-07 06:02:42 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980072122 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980073323 Strategy are not just responses to competition, they are also moves that help companies find an edge in the current economy where different forces influences the company's success. 

]]> 2022-01-07 06:04:14 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980073323 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980074809 That competition is influenced by many different elements and corresponding sub-factors, and is not just the traditional view of two organisations in a similar industry competing against one another. It is very intricate and highlights the importance of strategic planning at a business level.]]> 2022-01-07 06:06:20 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980074809 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980077166 It is important to analyse the industry and understand each type of competitive forces in order to determine its attractiveness for organisations to enter. ]]> 2022-01-07 06:09:11 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980077166 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980077854 It causes me to want to take reference from other airlines in other continents that have done similar/aspire to do something similar to Bonza (budget airlines) in the past and to assess why it worked/did not work for them. On a larger scale, to also understand how airlines, no matter the target audience, may be enticed to enter the industry/stay away from it. ]]> 2022-01-07 06:10:00 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980077854 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980078259 The current airline companies may hold desirable or strong position in the industry, however they are not immune to threats such as a shift in supply and demand, Policy changes and low cost substitutes. ]]> 2022-01-07 06:10:30 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980078259 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980079194 Most small companies have to innovate and be different in their products in order to compete with big players and stand out in the market]]> 2022-01-07 06:11:38 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980079194 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980079408 the company should adopt  a strategy that allows for them to be less affected by the actions of competitors, while allowing for them to stand out from their competitors  ]]> 2022-01-07 06:11:52 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980079408 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980079579 perfectly competitive offers the worst prospect for long-run profitability. Weaker the forces collectively, however, the greater the opportunity for superior performance. strategist’s goal is to find a position in the industry where his or her company can best defend itself against these forces or can influence them in its favor. 

]]> 2022-01-07 06:12:04 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980079579 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980079988 The seriousness of the threat of entry depends on the barriers present and on the reaction from existing competitors that entrants can expect.

]]> 2022-01-07 06:12:30 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980079988 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980080417 Porter's Five Forces helps us to analyse the airline industry and identify the relevant aspects in which organisations have opportunities to capitalise on and the areas where there is greater threat of competition in the industry.]]> 2022-01-07 06:13:00 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980080417 https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980080568 1. Positioning the company- 
2. Influencing the balance
3. Exploiting industry change- 

]]> 2022-01-07 06:13:10 UTC https://padlet.com/JasonDowns/t8nfeeps0xfwsaf/wish/1980080568