0
What determines the level of competitive intensity in an industry according to Porter?
Wiki User
∙ 13y ago
Threat of new entrants
-Rivalry among existing firms
-Threat of substitute products or services
-Bargaining power of buyers
-Bargaining power of suppliers
-Relative power of other stakeholders
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What determines the Competitive intensity in industry?
Demand and the number of competitors in an industry influence the competitive nature of a business. Another factor to competition is profit margins.
Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industryWhy?
in a perfectly competitive industry
Four factors influence an industry's competitive rivalry and competitive dynamics?
Market commonality, resource similarities, reputation, and incentives are four factors that influence an industry's competitive rivalry and competitive dynamics. They can have a positive or negative effect.
What is an example of a competitive industry and why is it competitive?
The smartphone production industry is one of the most highly competitive industries in the US at this time. The main competitors include Apple (iPhone), Research in Motion (Blackberry), and Palm (Treo), along with other competitors as well. The definitive explanation of the level of competition in an industry has been presented by Michael Porter. The amount of competition in an industry can be determined and described according to the the following: 1)barriers to entry into the industry, 2) available substitutes for the products produced by the industry rivals, 3) the power of the industry rivals over their customers, and 4) the power of the industry rivals' suppliers over the industry rivals.
The representative firm in a purely competitive industry?
will
What determines the Competitive intensity in industry?
Demand and the number of competitors in an industry influence the competitive nature of a business. Another factor to competition is profit margins.
Discuss the IT concepts of competitive strategy?
A Competitive Strategy is decisions that generate action that produces results.A competitive strategy answers the following questions. How do we define our business today and how will we define it tomorrow? In what industries or markets will we compete? The intensity of competition in an industry determines its profit potential and competitive attractiveness. How will we respond to the competitive forces in these industries or markets (from suppliers, rivals, new entrants, substitute products, customers)? What will be our fundamental approach to attaining competitive advantage (low price, differentiation, niche)? What size or market position do we plan to achieve? What will be our focus and method for growth (sales or profit margins, internally or by acquisition)?
Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industryWhy?
in a perfectly competitive industry
What is the world's most competitive industry?
IT
Immediate industry and competitive environments?
The immediate industry includes the competitive environment for business. It includes all the competition within the industry and governmental agencies regulating the business.
Four factors influence an industry's competitive rivalry and competitive dynamics?
Market commonality, resource similarities, reputation, and incentives are four factors that influence an industry's competitive rivalry and competitive dynamics. They can have a positive or negative effect.
What is an example of a competitive industry and why is it competitive?
The smartphone production industry is one of the most highly competitive industries in the US at this time. The main competitors include Apple (iPhone), Research in Motion (Blackberry), and Palm (Treo), along with other competitors as well. The definitive explanation of the level of competition in an industry has been presented by Michael Porter. The amount of competition in an industry can be determined and described according to the the following: 1)barriers to entry into the industry, 2) available substitutes for the products produced by the industry rivals, 3) the power of the industry rivals over their customers, and 4) the power of the industry rivals' suppliers over the industry rivals.
The representative firm in a purely competitive industry?
will
What is the Tailoring industry in the Philippines?
tailoring industry is one of the competitive enterprises in the Philippines .
Is provision of internet access a competitive industry?
yes
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.
What business or industry is most likely to be found in a perfectly competitive market?
the adult film industry
