0
How can the management of a company use porter's five forces competitive model to examine the attractiveness of an industry?
Wiki User
∙ 10y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are the competitive forces that affect the motorcycle industry?
Competitive forces that affect the motorcycle industry include state regulations and the car industry. Insurance company policies also affect whether someone will purchase a motorcycle.
When Nancy's Yogurt Company acts on its own to promote the yogurt industry as a whole the company is practicing?
Competitive pacification
What factors should I consider before making an investment?
Consider factors such as the company's financial health, industry trends, management team, competitive position, and overall market conditions. Diversification is also crucial to manage risk.
What kinds of competitive forces are search industry members facing?
thingis strategycuily all the time when the company.
How human resource management can be instrumental in helping a company to create competitive advantage?
If we want to proof human resource as an instrument for gaining competitive advantages in a company we should focus on two things, one is competitive advantage and another is human resource management process. We know if any side of a company is more efficient than other companies in between a same industry is called competitive advantage. Competitive advantage is something that means, to achieve the goals how my internal resources support me. Competitive advantage is related to internal resources of an organization. On the other side we know human resource is the most important and most effective resource for any organization. Human resource is something that has no alternative for achieving the organizational goals. By using this tool one organization can gain it's goals The preconditions for achieving competitive advantage are many but low cost and high productivity are the most important for gaining competitive advantages. If a company has a efficient work force or human resource that is technologically advanced and flexible it's may be possible for that company to gain more competitive advantages into the respective industry. By formulating and executing the work force of a company it can achieve its goals and it can also increase its productivity. More productive the company more advantages in the market. Productive company can fulfill the demand of a market. BY: CHARITY YATTS
What are Limitations of strategic groups?
There are several limitations of strategic groups. These include industry structure, company differences, competitive changes, as well as industry revolution.
Why do companies use spend management tactics?
Spend management tactics determine where and how best a company spends it money. This can be to reduce costs to be more competitive, or increase the efficiency of procurement. Spend Management is part of Total Cost Management.
What was the initial product of Bigfix?
BigFix inc was an American company that was originally founded in 1997. The aim of the company was to reduce the cost of the mobile and data industry. The company has expanded to cover PC lifetime management, Enterprising, IT Management and Reporting.
What type of company is Compushare?
Compushare is a technology company that offers services to businesses in the financial industry. The company offers services in systems management, security, compliance, and applications.
What will happen if an individual perfectly competitive firm charges a price above the industry equilibrium price?
If an individual in a perfectly competitive firm charges a price above the industry equilibrium price this is bad. This company will go out of business quickly because their customers will go find the lower price.
What is trend analysis in human resources management?
Trend analysis in Human Resource is analysing the current practises of HR according to industry standards. There could be various trends with respect to number of practises of Human Resource. For instance the company can be interested to do trend analysis of compensation & benefits in order to have an edge over other organizations or rather to be competitive in industry.
What is the purpose of business intelligence management?
Business intelligence management is used in corporations to transform raw data into a form that is valuable to the organization. Through the use of business intelligence management, a company can gain a competitive advantage over the competition.
