Are well-established firms or new entrants more likely to develop and or adopt new technologies
The competitive environmental forces influence the firms customers, rival firms, new entrants, substitutes, and supplies.
Refers to cost advantages that established firms in a particular industry have, and which new entrants cannot duplicate. Common examples are government subsidies, access to raw materialls, proprietary technology, and prime real estate locations.
The?æCDW threat of new entrants refers to new firms that enter the market with the purpose of gaining profit in a specific industry. This happens when there are highly profitable markets which are giving good yields. This type of markets attract new companies.
A new entrant represents firms and individual coming into a market with products and services potentially disruptive to the current system. This presents a threat to the business model and products of present, or legacy firms. However, what is a threat to the legacy firms represents a gain to the options and buying power made available to the consumer.
Smaller firms that are sole pripiortorships or partnerships that are not incorporated and not public companies are more likely to use bank financing.
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
If you mean older attorneys, it is highly variable depending on the firm, although most established firms will have at least middle aged attorneys. If you mean attorneys specializing in legislation regarding the elderly, it is unlikely that most firms will have such specialists.
In strategic planning, firms analyze the competitive environment in order to adapt to or influence the nature of competition. A general rule of thumb about this analysis is: The more power each of these forces has, the less profitable the industry will be. There are five forces: 1. Customers 2. Rival Firms 3. New Entrants 4. Substitutes 5. Suppliers
Adversely, in two ways. As the old saying goes, if you borrow a thousand, you have a problem but if you borrow a million, the bank has a problem! So small firms, which typically will have smaller loan requirements are at the mercy of financial institutions. They may be less credit-worthy, have less collateral that larger firms and so may have to pay a greater premium for borrowing. Small firms are also more likely to have to wait longer before being paid by big firms. As a result, small firms are more likely to require overdraft facilities.
There are various telecommunications consulting firms that help companies look at their use of telecommunications and reduce the costs involved. The larger and more established companies include BBM, FTI and Fox Group.
Either an oligopoly (dominated by a few firms) or monopoly (if these 4 firms collude - control price and supply)