Concept of education

Classified in Economy

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1 -  In the five force model what kind of factors will influence the degree of current/existing competition?

  1. The degree of existing rivalry - Determined by number of firms, relative size, degree of differentiation between firms, demand conditions, exit barriers.
  2. Threat of potential entrants - Determined by attractiveness of industry, height of entry barriers (e.G., start-up costs, brand loyalty, regulation, etc.)
  3. Bargaining power of suppliers -Determined by number of suppliers and their degree of differentiation, the portion of a firm's inputs obtained from a particular supplier, the portion of a supplier's sales sold to a particular firm, switching costs, and potential for vertical integration.
  4. Bargaining power of buyers - Determined by number of buyers, the firm's degree of differentiation, the portion of a firm's inputs sold to a particular buyer, the portion of a buyer's purchases bought from a particular firm, switching costs, and potential for vertical integration.
  5. Threat of substitutes - Determined by number of potential substitutes, their closeness in function and relative price.


2 - In the five force model what kind of factors will influence the degree of bargaining power of supplier?

  1. Number of suppliers and degree of differentiation
  2. The portion of a firm's inputs obtained from particular supplier
  3. The portion of a supplier's sales sold to a particular firm
  4. Switching cost
  5. Potential for vertical integration

3  - List First-Mover advantages and disadvantages

Advantages

  1. Brand loyalty and technological leadership
  2. Preemption of scarce assets
  3. Exploiting buyer switching costs
  4. Reaping increasing returns advantages.

Disadvantages

  1. High research and development expenses
  2. Undeveloped supply and distribution channels
  3. Immature enabling technologies and complements
  4. Uncertainty of customer requirements


4 - If you are a new company want to enter one industry how do you reduce the entry barriers for new player?

  1. Technological change in markets - impact of disruptive technologies
  2. Removal of statutory barriers - market liberalisation
  3. Globalization of market -  increasing competition

5 - If you adapt the qualitative approach, what 3 typesyou need to screen questions?

  1. Role of customer -who is our target customer/how big the market/compatibility of Ease of use for customers/ Distribution and pricing
  2. Role of capabilities - Exiting/competitors/ Future Capabilities
  3. Project time and cost - Timing/Cost factors

6 - Explain the concept of strategy intent

Strategic intent is a long-term goal that is ambitious, builds upon and stretches firm's core competencies, and draws from all levels of organization. Typically looks 10-20 years ahead, establish clear milestones.

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