Concept explainers
Explanation of Solution
Original purpose of the five forces model:
The original purpose of the five forces model is to determine the profitability of an industry...
Explanation of Solution
Types of forces:
- There are competitive forces, which involves in strength factors of switching costs and customer loyalty...
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Competitive forces:
- One of the competitive forces is substitutes, whose strength factors include lower price and perceived benefits the same.
- Another competitive force is the new entrants, ...
Explanation of Solution
Bargaining power forces:
The two ...
Explanation of Solution
Five Forces operating on Falcon security:
- Bargaining power of customers
- Threat of substitutions
- Bargaining power of suppliers
- Threat of new entrants
- Rivalry
Bargaining power of customers:
It is described as market of output. The customer can buy the products from many suppliers, so the buyer has alternative option.
The factors, which affect the bargaining power of customers, are:
- Switching cost of the buyer
- Availability of buyer information
- Availability of substitute product existing in the market.
Threat of substitutions:
The first force is threat of substitution. It affects the customers to found different way of what you do. It uses different technology to achieve the same economic need.
The factors, which affect the threat of substitution, are:
- Switching cost of the buyer
- Substitute product existing in the market
- Price performance of substitute.
Bargaining power of suppliers:
It is described as market of input. The person who makes the product will sell on the flour. There is no option to buy from others...
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Experiencing MIS
- Assume the CFO of your organization approaches you to ask your advice about implementing the Balanced Scorecard at your organization. a) List and describe the four perspectives of the Balanced Scorecard. b) What steps would you encourage him or her to take in order to successfully implement the Scorecard? c) What roadblocks would you encourage him or her to avoid in order to successfully implement the Scorecard?arrow_forwardPropose a customer segmentation model using FFC entity to promote customers with the appropriate rewards defined for each segment and and extend your designarrow_forwardSelect a company of your own choice from Fortune500 and conduct a complete strategic analysis including SWOT, PEST, and Porter’s Five Forces analysis. On the basis of findings drawn from aforementioned analyses, choose single or multiple strategies to achieve business goals of the organization. Please give valid justification for the chosen strategies.arrow_forward
- Check out the outside and inside of Ford. to identify potential benefits and threats from Ford's external environment, and to evaluate the company's internal environment for its own strengths and weaknesses. Your analysis of Ford's internal environment should focus on the interplay between at least three functional areas/value chain activities (such as operations, marketing, and finance).arrow_forwardDocument studies and competetive product studies are two ways of eliciting stakeholder requirements. Name three additional ways of eliciting stakeholder requirements:arrow_forwardWhat do you think are the sources of the information Jim and his team collected? How do you think they collected all of that information? Examine list of alternatives above. Are there any requirements or constraints that you can think of that were overlooked? List them. If you were looking for alternative approaches for Petrie’s customer loyalty program, where would you look for information? Where would you start? How would you know when you were done? Using the web, find three customizable customer loyalty program systems being sold by vendors. Create a table that compares them. Why shouldn’t Petrie’s staff build their own unique system in-house?arrow_forward
- Analyze Ford's internal and external settings. External trends are opportunities and dangers; Ford's internal environment is strengths and weaknesses. Include at least three functional areas/value chain activities (e.g., operations, marketing, and finance) in your examination of Ford's internal environment.arrow_forwardResearch and develop one “weighted” matrix for an organization. The matrix should begin with 5-7 business functions for the organization.arrow_forward4. Firms use a price than competitors. a) product differentiation b) market niche c) mass customization d) process efficiency e) low-cost leadership strategy to produce products and services at a lower HA O 5. Mercedes has tweeted a photo of a new E-class design, which generated a lot of replies. Mercedes now wants to analyze these twitter replies to assess the initial feedback regarding the new E-class design. To do that, Mercedes hired you as a data analyst. Which of the following techniques will you use? a) sentiment analysis. b) location analytics. c) simulation analysis. d) associations rules analysis e) forecasting analysis. 6. All of the following are true statements about project management except a) projects are a temporary endeavor that ends with either the accomplishment of the project's objective or projects termination. b) projects are risky because they require management of multiple resources and involve uncertainty. c) projects are routine. d) projects have a sponsor…arrow_forward
- Consider both one-time and recurring costs. Consider the situation you addressed in question 1. Create numeric cost estimates for each of the costs you listed. Calculate the net present value and return on investment. Include a break-even analysis. Assume a 10 percent discount rate and a five year time horizon. Use spreadsheet software to answer this question, include the result and calculation.arrow_forwardExplaining what a "balanced scorecard" is supposed to mean should be done in as few words as possible. What does this have to do with the way a company really operates?arrow_forwardExamine Ford's operations, both internally and outside. Ford's internal environment is comprised of its strengths and weaknesses, while external trends are comprised of opportunities and threats. When analysing Ford's internal environment, you should take into consideration at least three functional areas or activities throughout the value chain (for example, operations, marketing, and finance).arrow_forward
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