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Who are the key competitors of bata shoes?
metro
What did john d Rockefeller believe was the key to stabilizing the oil industry?
The key to stabilizing industry was to overcome high tariffs that ruled congress
New entrants raise the level of competition in an industry. How can this be checked?
Defining an industryAn industry is a group of firms that market products which are close substitutes for each other (e.g. the car industry, the travel industry).Some industries are more profitable than others. Why? The answer lies in understanding the dynamics of competitive structure in an industry.The most influential analytical model for assessing the nature of competition in an industry is Michael Porter's Five Forces Model, which is described below:Porter explains that there are five forces that determine industry attractiveness and long-run industry profitability. These five "competitive forces" are- The threat of entry of new competitors (new entrants)- The threat of substitutes- The bargaining power of buyers- The bargaining power of suppliers- The degree of rivalry between existing competitorsThreat of New EntrantsNew entrants to an industry can raise the level of competition, thereby reducing its attractiveness. The threat of new entrants largely depends on the barriers to entry. High entry barriers exist in some industries (e.g. shipbuilding) whereas other industries are very easy to enter (e.g. estate agency, restaurants). Key barriers to entry include- Economies of scale- Capital / investment requirements- Customer switching costs- Access to industry distribution channels- The likelihood of retaliation from existing industry players.Threat of SubstitutesThe presence of substitute products can lower industry attractiveness and profitability because they limit price levels. The threat of substitute products depends on:- Buyers' willingness to substitute- The relative price and performance of substitutes- The costs of switching to substitutesBargaining Power of SuppliersSuppliers are the businesses that supply materials & other products into the industry.The cost of items bought from suppliers (e.g. raw materials, components) can have a significant impact on a company's profitability. If suppliers have high bargaining power over a company, then in theory the company's industry is less attractive. The bargaining power of suppliers will be high when:- There are many buyers and few dominant suppliers- There are undifferentiated, highly valued products- Suppliers threaten to integrate forward into the industry (e.g. brand manufacturers threatening to set up their own retail outlets)- Buyers do not threaten to integrate backwards into supply- The industry is not a key customer group to the suppliersBargaining Power of BuyersBuyers are the people / organisations who create demand in an industryThe bargaining power of buyers is greater when- There are few dominant buyers and many sellers in the industry- Products are standardised- Buyers threaten to integrate backward into the industry- Suppliers do not threaten to integrate forward into the buyer's industry- The industry is not a key supplying group for buyersIntensity of RivalryThe intensity of rivalry between competitors in an industry will depend on:- The structure of competition - for example, rivalry is more intense where there are many small or equally sized competitors; rivalry is less when an industry has a clear market leader- The structure of industry costs - for example, industries with high fixed costs encourage competitors to fill unused capacity by price cutting- Degree of differentiation - industries where products are commodities (e.g. steel, coal) have greater rivalry; industries where competitors can differentiate their products have less rivalry- Switching costs - rivalry is reduced where buyers have high switching costs - i.e. there is a significant cost associated with the decision to buy a product from an alternative supplier- Strategic objectives - when competitors are pursuing aggressive growth strategies, rivalry is more intense. Where competitors are "milking" profits in a mature industry, the degree of rivalry is less- Exit barriers - when barriers to leaving an industry are high (e.g. the cost of closing down factories) - then competitors tend to exhibit greater rivalry.
In what industry structure is the mutual interdependence of the firms a key characteristic?
oligopoly
Would Boeing be consider an Oligopoly?
Yes, Boeing can be considered part of an oligopoly, particularly in the commercial aircraft manufacturing industry. An oligopoly is characterized by a market dominated by a small number of firms, and Boeing, alongside Airbus, holds a significant share of this market. The high barriers to entry, substantial capital requirements, and specialized technology further reinforce the oligopolistic nature of the industry, limiting competition from new entrants. As a result, Boeing's pricing and production decisions are influenced by the actions of its few key competitors.
Explain the methods of identifying competitors in Industry point-of-view?
Identifying competitors in an industry involves conducting market research to understand who else is offering similar products or services within the same target market. This can include analyzing market reports, attending industry events, and monitoring competitor websites and marketing materials. Additionally, conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses can help identify key competitors and understand their positioning relative to your own company.
Who are the key competitors of bata shoes?
metro
Who are the main competitors, and what is their market share?
Identifying main competitors involves analyzing industry reports and market research to pinpoint leading players in the sector. Key competitors often include both local and international firms. For example, in the tech industry, companies like Tata Consultancy Services and Infosys are prominent. Market share varies widely; major firms can dominate with significant shares, while smaller or emerging players might hold niche positions. Accurate market share data requires access to industry-specific reports and competitive analysis.
Identify 8 key sources of hospitality industry information?
acommodation, food beverage , entertainment, sports event, tourism, travel, retail flying
What are key success factor of textile industry?
key success factor of textile industry
Who would you consider to be our main competitors?
To identify our main competitors, we should look at companies that offer similar products or services within our market segment. Key competitors typically include those with comparable pricing, target demographics, and distribution channels. Additionally, emerging startups and established brands expanding into our space could pose significant competition. It's essential to conduct a thorough market analysis to pinpoint these players accurately.
How can you link diversity to modern slavery?
Identify priorities and set goals to focus your company's (or industry's) work. Provide training and guidance resources to labour agencies and suppliers. Collaborate with industry peers and key stakeholders to address underlying challenges
What state is a key part of the fishing industry?
The state of Alaska is a key part of the fishing industry.
Is a dichotomous key used to identify unknown organism?
Yes, a dichotomous key is used to identify an unknown organism.
Who are Nalco's competitors?
Nalco, a provider of water treatment and process chemicals, faces competition from several companies in the industry. Key competitors include Ecolab, which also specializes in water, hygiene, and energy technologies; Veolia, known for its water and waste management solutions; and SUEZ, which offers water treatment services and technologies. Other notable competitors may include BASF and ChemTreat, which provide similar chemical solutions for water treatment and industrial processes.
What is a primary niche?
A primary niche refers to the main focus or specialization of a business or individual within a particular market or industry. It helps to define the key area of expertise or product/service offerings that sets them apart from competitors and attracts their target audience.
How can one identify a key signature in music?
To identify a key signature in music, look at the sharps or flats at the beginning of the staff. The number and placement of these symbols indicate the key of the piece.
