http://voices.Yahoo.com/strengths-limitations-porters-five-forces-model-11498296.html?cat=3
Where and when porter's 5 forces model could used in strategic planning process?
It is not possible to answer this question since the name Poter, is not recognised.
refer to michale portes five forces model
The reason why it is not formally taught as a viable growth model is due to its inherent weaknesses. The weaknesses lie in the assumptions of the model. When creating an economic theory, you can make any assumptions you want, regardless of how unrealistic they may be. If the model starts to fall apart when you rest the weakest assumptions, it loses credibility.One problem with the model is that the price for labor and capital (wage rate and interest rate) are fixed. Along with this assumption, the model assumes that each input is used in equal proportions. In reality we know that these assumptions don't hold.Another problem with the model is that is assumes investors (savers) are only influenced by changes in output. The greater the output, the more investors will invest capital which in turn increases output. This is known as the accelerator principle and it does not hold up in empirical studies. Investors are influenced by the amount of risk they must take given the expected rate of return they will receive on their investment.A model that rests the assumptions of the H-D model is the Solow Model (aka Solow-Swan Model). It uses some of H-D framework but then expands on it to allow for flexibility in the use of both capital and labor as flexible inputs to output. A great source for a more detailed but easy to understand explanation is Wikipedia. Check out the related link. After reading this, review the commentary on the Solow Model. Hope this help.
Mimetic forces result from responses to uncertainty. Most organizations face great uncertainty. Senior executives are not sure exactly what products, services or technoligies will achieve desired goals, and sometimes the goals themselves are not clear. When facing this uncertainty, mimetic forces, the pressure to copy or model other organizartions occur. Executives observe an innovation in a firm abd if it is successful, the management practice is quicly copied. Normative Forces result from common training and professionalism. Normative forces are pressures to change to achieve standards of professionalism and to adopt techniques that are considered to be up to date and effective by the professional community. Changes can be in any area, like information technology, accouting requirements or collaborative realtionships with other organizations. Pem, Bhutan Mimetic forces result from responses to uncertainty. Most organizations face great uncertainty. Senior executives are not sure exactly what products, services or technoligies will achieve desired goals, and sometimes the goals themselves are not clear. When facing this uncertainty, mimetic forces, the pressure to copy or model other organizartions occur. Executives observe an innovation in a firm abd if it is successful, the management practice is quicly copied. Normative Forces result from common training and professionalism. Normative forces are pressures to change to achieve standards of professionalism and to adopt techniques that are considered to be up to date and effective by the professional community. Changes can be in any area, like information technology, accouting requirements or collaborative realtionships with other organizations. Pem, Bhutan
valleys
five porters forces model with specific reference to south Africa banking between 2010 and 2014
i know itβs sad
See attached link.
you cant kill people because their ugly of they smell :(
Porter's five forces model is important in strategic management because it shows you the positive outcome of advancing in your career. It also helps you understand the outcome of the competitive position you are currently in.
1. Supplier's power 2. Threat of subtitute 3. Buyer's power 4. Barrier's to entry 5. Rivalry
It depends on who the interviewer is. If it's an agency interviewing the model they will more than likely ask a model why he/she wants to be a model, what their strengths and weaknesses are, what they feel they can contribute to the agency, what their goals for the future are, etc.
It depends on who the interviewer is. If it's an agency interviewing the model they will more than likely ask a model why he/she wants to be a model, what their strengths and weaknesses are, what they feel they can contribute to the agency, what their goals for the future are, etc.
I don t know the answer please provided us with the answer because i ve an exam to take
The five porters include the following ; intense rivalry of the existing firm, threats of substitutes, threats of the buyers, threat of the suppliers, threats of the new entrant
The strengths of the socio-medical model of health are that: Iit looks at the cause of illnesses and tries to change the factors that cause illness. It encourages people to live healthier lifestyles. It aims to remove barriers so that disabled people have the same opportunity as everyone else to determine their own lives.