Porter s Five Forces Industry Based Model - 1523 Words

Porter’s Five Forces Industry based Model The five forces examines the dynamics within an industry. Understanding the competitive forces, and their underlying causes, reveals the roots of an industry’s current profitability while providing a framework for anticipating and influencing competition and profitability over time. Understanding the structure of its industry is also essential to effective strategic positioning. Threat of Entry/ Entry Barriers The threat of entry, analyzes how easy it is for competitors to enter the market and potentially capture the market share. Mohegan sun is located in Uncasville, Connecticut. Majority of their market share is from New England; New England is a part of the Northeastern in the United States,†¦show more content†¦A new company will be forced to catch up with competitors and perhaps might win over the current competitors. Another issue for Mohegan sun is, some competitors might not need state license to operate within the same region. It will be difficult for a new entrant to gain a large market share and become a major player in such short time as a result of the barriers mentioned above. But Gambler might be looking forward to having closer options than Connecticut. According to the province journal, In December 2014, the Mohegan Sun casino posted its best consistent monthly slots performance in three years. A rare positive note for Connecticutà ¢â‚¬â„¢s tribal casinos since the recession. Mohegan Sun and Foxwoods Resort Casino both have repeatedly laid off workers as business declined. New entrants such as MGM and Wynn are new rivals of Mohegan sun. Wynn might open a $1.7 billion casino location across the river from Boston. MGM is also planning for a casino location at Springfield. This can affect the market share of Mohegan sun because of the new entrants locations. With that being said, it is too soon to determine the outcome of the casino landscape. There is a probability that casinos in the New England region will struggle for smaller shares of regional economic share as new facilities come online. The goal of companies within the casino industry, in this case Mohegan should be toShow MoreRelatedThe Five Forces-General Assumption1099 Words   |  5 PagesThe five forces – general assumption The threat of the entry of new competitors Profitable markets that yield high returns will attract new firms. This results in many new entrants, which eventually will decrease profitability for all firms in the industry. Unless the entry of new firms can be blocked by incumbents, the abnormal profit rate will fall towards zero (perfect competition). * The existence of barriers to entry (patents, rights, etc.) The most attractive segment is one in which entryRead MorePorters Five Forces1036 Words   |  5 PagesAssignment 1 Describe Porter’s Five–Force model and how it is helpful when developing one’s international strategy. Do you see any limitation to Porter’s modeling techniques? Michael Porter s Five-Force model, as described and illustrated in â€Å"Porter’s Five Forces: A Model for Industry Analysis (Article from QuickMBA.com)†, goes beyond the traditional industry competitive analysis that would just compare Rivals, both current and potential, to include Suppliers and Buyers and also Product or ServiceRead MoreHow Can A Company Measure Its Competitive Advantage?1561 Words   |  7 Pageslower cost through â€Å"price, or providing a higher quality through differentiation that costs more than the competitors product. 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In fact, companies that compete in the same industry and core business, such as Sony, Samsung, and Philips in the audiovisual industry, or Nike, adidas, and Puma in the clothing manufacturing industry, should understand the nature of the market and analyze the key factors that differentiate each one from the others. A company gains a competitive advantage in the market if:Read MoreThe Usefulness And Limitation Of Porter s Five Forces Framework1523 Words   |  7 PagesThe usefulness and limitation of Porter’s Five Forces Framework Introduction Porter’s five forces is a framework, which was developed by Michael Porter of Harvard Business School in 1979, was widely used in different industries for structural analysis and corporate strategy formulation (Wu, 2012). Porter’s five forces model is considered to be a basic idea to analyze the rules of competition in an industry and stress the important elements for the purpose of achieving a long-termRead MorePorter s Five Force Analysis1465 Words   |  6 PagesMichael Porter s five force analysis of Starbucks coffee shows the intensity of the five strengths of the firm, and the bases of these powers. Starbucks coffee s prosperity shows its viability in tending to these outside elements in its industrial surroundings. However, this five forces investigation highlights current industry conditions that force present and developing concerns significant to Starbucks Coffee s business. Following are the five forces of Michael Porter s model. These five forcesRead MoreTh e Usefulness And Limitation Of Porter s Five Forces Framework1498 Words   |  6 Pages The usefulness and limitation of Porter’s Five Forces Framework Introduction Porter’s five forces is a framework, which was developed by Michael Porter of Harvard Business School in 1979, was widely used in different industries for structural analysis and corporate strategy formulation (Wu, 2012). Porter’s five forces model is considered to be a basic idea to analyze the rules of competition in an industry and stress the important elements for the purpose of achieving a long-term

A report on the Cultural Afternoon held at the IPBA’s auditorium Free Essays

Last Thursday on the July 24th, 2003, a Cultural Afternoon was being held at the IPBA’s auditorium. It was organised by the MTCP participants and the B. Ed. We will write a custom essay sample on A report on the Cultural Afternoon held at the IPBA’s auditorium or any similar topic only for you Order Now TESL cohort 1 students. The theme for the Cultural Afternoon is Unity In Diversity. Unity In Diversity is a poem written by the MLCP participant from Papua New Guinea. The afternoon was conducted by two of the B. Ed. TESL students. They conducted the event very well. After that, Mr. Mahmud from Turkey was called upon to recite a prayer. After he had finished reciting the prayer, the event continued with the first performance by the B. Ed. TESL students. They presented a compilation of the Malay Traditional Dance. The dance was choreographed beautifully and the dancers danced gracefully. The special thing about this cultural afternoon was the way the organiser changed the conductors. The next conductors were the participants from Tunisia and Gambia. The way they conducted the afternoon was very interesting. After they had introduced themselves, they called upon participants from Krygystan, Miss Ainur. She sang a song called Mahabbad, which means love. Even though the audience could not understand her, but the message of the song were well interpreted. Then, all the MTCP participants were welcomed to join the conductors on the stage to introduced themselves. All the participants were introducing themselves with different ways. Some of them made some jokes, holding their traditional flag and so on. There were 26 participants that day who has came from different countries such as Zimbabwe, Croatia, Tunisia, Gambia, Bosnia, Thailand and other countries. After that, Mr. Bernard from Bosnia presented his performance by singing a song using his own language. Followed by named and Ameir from Bosnia. They showed and explained about a poster of the Bosnian Movie, which had won oscars award 2000/2. The movie title is ‘No Man’s Land’ has won the award for Best Foreign Language. After that, they sang a Bosnian folk song. After changing conductors once again, B. Ed. TESL students performed their Kung Fu performances. After the Kung Fu show, a participant from Turkey sang a wonderful song. The audiences gave her big claps because she had sang the song well even without the background music. All the audiences had paid full attention on the stage to see the traditional costumes show from the other countries. All the participants wore their own traditional costumes and did some explanations on the costumes. After watching the colourful fashion show, the audiences were very surprised to watch the Indian dance that was led by our B. Ed. TESL student, Danielli Devi. The dance was noisily merry with energetic dancers and famous Bollywood song played. After that, the Cultural Afternoon continued with the performances by the MTCP participants. The participants from Sri Lanka sang a song. The song also a love song. After that, the East Timur participant did a traditional dance. She wore her traditional costumes and a gong. She knocked the gong using some rhymes and then danced followed the rhyme. It was far different from other MTCP participant’s performances. After that, a participant from Turkey also sang a love song. Another interesting performance was from the Thailand participants. They showed and taught us the right way in greeting. Their performance is quite useful for us. After that, the Cambodian participants danced as soon as their song was played. Next performance was from Gambia. He sang his national anthem. The audiences rose up to show respect. The most waiting performance was Para-para Sakura Dance. The B. ED. TESL students performed this dance. They danced gracefully with many astonishing steps. The dancers were very energetic and noisily merry with their red and pink costumes. All the audiences felt refresh after watching this energetic dance. Lastly, before the Cultural Afternoon ended, the participant from Papua New Guinea recited her poem entitled ‘Unity In Diversity’. She very well wrote the poem. The event ended as soon as the conductors declared it was closed. How to cite A report on the Cultural Afternoon held at the IPBA’s auditorium, Papers

Problem Action Consequence Technique-Free-Samples for Students

Question: You are required to analyse the Ethical Dilemma you have Identified above using the Problem-Action-Consequence Technique (PACT). Answer: Introduction The case study that has been described in the YouTube video presents the situation of an un-tested system that is being passed for go-live. The test manager associated with the project is Ken and he has been informed about the release of the system in the untested state as per the demands by the project client and stakeholders. Ken refuses to accept the decision as he understands the adverse implications of such a step in the long run (Youtube, 2017). Ethical Problems The project schedule experienced multiple changes during the timeline of the project. The project client has again put up a request to receive the final release of the system before the original deadline. Due to such changes in the project schedule, system testing has not been completed. There are certain modules of the system that are still in the un-tested state that may bring up functional errors and non-functional defects during the usage of the system by the end user. The project lifecycle comprises of a series of steps. Some of these steps are mandatory and extremely significant in nature. System testing is one of such phases that must be carried out. In this case, the release of the system would lead to system delivery in an untested state that may bring up the issues of system defects that may lead to performance and quality issues for the users (Bostrom, 2013). There may be operational errors that may also be experienced by the end-users. Set of Actions The senior management has decided to deliver the system in the untested state. The system might have certain defects and the action may impact the stakeholders associated with the system in the following manner. Client: The project client will not be able to experience the desired functionalities and benefits due to the defects present in the system. End Users: The user engagement and satisfaction levels will be low. Project Team Members: The project team will be held accountable for the defects in the system and their performance will be questioned by the top management. Alternative Actions as per Ethics There are certain actions that the project team may take instead of agreeing with the demand of the project client to deliver the system before its due deadline. One of the essential steps that should have been taken is the project estimations during the planning phase of the project. The client requirements and expectations experienced frequent changes and therefore, the estimations should have been done accordingly (Peslak, 2007). Following are the set of actions that Ken may take during the timeline of the project. Agreeing with the senior management to meet the customer demand by delivering untested system. Resignation from the company Preparation and explanation of the presentation in front of the senior management describing a detailed account of the implications of the decision to go ahead with the untested system delivery. Consequences of the Action Ethical standards and guidelines must be followed by the team members of the project during the project execution (Schultz, 2010). There is a defined series of steps that must be followed in a project timeline that comprise of planning, execution, implementation testing, control and closure. All of these phases must be executed by adhering to the professional and ethical codes of conduct. In the case study, the senior management is willing to miss out on the testing phase in order to meet the customer expectations without letting the customer know about such an issue. There are different ethical theories that have been applied to understand the ethical consequences of such an action. Ethical theory of Consequentialism is a normative theory that evaluates the act on the basis of the series of the outcomes. If the outcomes are evaluated as positive in nature and beneficial to all then the act is termed as ethical and vice versa (Dorsey, 2012). The consequences of the action in this case will include the decreased customer satisfaction and engagement due to the operational and performance issues in the system, deteriorated team and organizational reputation along with losses experienced by the project client. Due to all of these outcomes, the act is termed as incorrect on the ethical grounds and principles of this theory (Slote, 2008). Deontology ethics is a normative ethical theory that evaluates the ethical correctness on the basis of the rules that are defined for a particular task or an activity. As per the rules of a business project, there are certain phases that must be carried out before delivery the project to the client. In this case, the management is willing to miss out on the testing phase without letting the project client know about such a decision. There is a clear non-adherence to the defined rules that is observed. Due to all of these reasons, the act is termed as incorrect on the ethical grounds and principles of this theory (Gaus, 2001). There are certain virtues and traits that are observed in the scenario as described in the case study. Some of these traits include selfish interests before the interest of the client, dishonesty and incompetence. These traits are negative in nature and therefore, the act is termed as unethical as per the theory of Virtue Ethics (Carr, 2004). Recommended Steps There are three options recommended that may be taken by the project team, Test Manager and senior management. The option recommended as an action that shall be taken is the last one that says that the Test Manager must present the set of outcomes that may take place due to the delivery of untested system to the project client. There may be operational and performance issues that may come up as an outcome. Also, there may be security vulnerabilities that may be present in the system that may have an extremely adverse implication. All of such issues must be explained by Ken to the senior management which shall then be informed to the project client. There shall be additional resources that must be included in the team to speed up the testing process to deliver the project before the original deadline. In this manner, all of the project phases will be executed and the client expectations will also be met. References Bostrom, N. (2013). The Ethics of Artificial Intelligence. Retrieved 30 November 2017, from https://intelligence.org/files/EthicsofAI.pdf Carr, D. (2004). Virtue Ethics and Moral Education. Retrieved 30 November 2017, from https://ebook.umaha.ac.id/E-BOOK%20ON%20EDUCATION/RELATIONSHIP%20BEETWEN%20EDUC%20_%20MORAL,%20ETHIC,%20RELIGION,%20TRUTH,%20_%20PHILOSOPHY/VIRTUE%20ETHICS%20_%20MORAL%20EDUC,%20David%20Carr.pdf Dorsey, D. (2012). Consequentialism, Cognitive Limitations, and Moral Theory. Retrieved 30 November 2017, from https://people.ku.edu/~ddorsey/agency.pdf Gaus, G. (2001). What is Deontology?, Part One: Orthodox Viewsa. Retrieved 30 November 2017, from https://www.gaus.biz/deontology1.pdf Peslak, A. (2007). Information technology intellectual property ethics: issues and analysis. Retrieved 30 November 2017, from https://pdfs.semanticscholar.org/70ab/477752c78990466179afd38446bcbce97601.pdf Schultz, R. (2010). The Role of IT in the Ethics of Globalization. Retrieved 30 November 2017, from https://iisit.org/Vol7/IISITv7p353-368Schultz729.pdf Slote, M. (2008). Satisficing Consequentialism. Retrieved 30 November 2017, from https://www.princeton.edu/~ppettit/papers/1984/Satisficing%20Consequentialism.pdf Youtube. (2017). A dilemma in IT: Select action end of video and see its consequence. YouTube. Retrieved 13 August 2017, from https://www.youtube.com/watch?v=mugeCY3vbxo