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Suppliers: E.g. educational facilities make you as an employee more valuable. If they have a lot of power, they can ask a large part of your future wage.
Buyers: Companies buy your time and effort as an employee. Powerful companies can give you a small part of your added profitability for the firm. A less powerful company will give you a larger part of your productivity.
Complements: For hiring a worker, many additional expenses are required. These may be in the form of capital (e.g. a desk for hiring a secretary) or in the form of ongoing expenses (e.g. a lease car for a sales manager).
Substitutes: Often, capital goods can substitute a worker. In a car factory for instance, it is possible to have a robot replace employees. Lots of cheap substitutes will hence lower wages.
Internal Rivalry: Obviously, employees will fight over jobs. Many people fighting over jobs will lower the wage rate. On the other hand, if there is a shortage of workers they are able to ask a wage close to the marginal productivity.
What else can I help you with?
Porter's five force model of Hero Honda?
porters five force model for hero Honda
Strengths and weaknesses of porters five forces model?
http://voices.yahoo.com/strengths-limitations-porters-five-forces-model-11498296.html?cat=3
Porters five force model of Indian hotel industry?
- threat of new entrants - jockeying for position - bargaining power of suppliers - bargaining power of buyers - threat of substitute products
What is Porters Five Forces Analysis in banks of south Africa?
five porters forces model with specific reference to south Africa banking between 2010 and 2014
What are the Limitations of porters five force model?
1. put emphasis on external factors and ignore firm-specific factors 2. institutional issue plays an important role in shaping and controlling the industry, but porter just treat it as a factor, no as a influential force 3. his model is industry-based, how firms can do if revolutionary changes happen in the industry 4. how to explain multi-industry conglomerate, such as GE
How porters five forces model help computer based information system to gain a competitive advantage over its rivals?
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
What is porters five forces model?
1. Supplier's power 2. Threat of subtitute 3. Buyer's power 4. Barrier's to entry 5. Rivalry
How can one apply the biological on a person?
How can a psychanalytic apply the biological model on a patient
Where can you apply these models equation?
Equation model?
What is the potter's model?
google potters 5 force model :)
Why did you apply for ikea?
what are three input components of the congruence model as they apply to the successof IKEA.
What is the importance of porters 5 forces model in strategic management?
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.
