Explain michael porters 5 forces model of competition

Assignment Help Supply Chain Management

Reference no: EM133518098

Assignment:

1. Explain Michael Porter's 5 Forces Model of Competition with the help of Information Technology examples.

2. Consider the following situation:

You are going to start your business - it could be anything, designing an app, e-commerce store, retail store, any industry you'd like. Which of the following will be your Information system strategies for dealing with the competitive forces?

• Low-cost leadership

• Product Differentiation

• Focus on Market niche

• Strengthen customer and supplier intimacy

Hint: You can use a format like

My business will be in the Fintech industry. I will design a mobile app. I will use 'Product Differentiation' as my information systems strategy to deal with competitive forces. These will be the features of my app:

• Free subscription

• Monthly informational newsletters as per customers' usage and choices

• Community or platform for members to connect with one another and share their finance related questions, tips, success, etc.

Reference no: EM133518098

Questions Cloud

How your demographic positioning impacts your ability : How your demographic positioning impacts your ability to land an interview and/or getting hired as a lawyer, where this disparate hiring stems from.

Describe strategies for managing presentation fears : Prepare an effective presentation using presentation software. Describe strategies for managing presentation fears.

Distinctions between normal sexuality and sexual deviance : Illustrate and explain the distinctions between normal sexuality, sexual deviance, sexual disorder, and sex crime.

Explain why president jefferson was motivated to make : explain why President Jefferson was motivated to make the Louisiana Purchase.Explain: what was Jefferson's vision for the American economy?

Explain michael porters 5 forces model of competition : Explain Michael Porter's 5 Forces Model of Competition with the help of Information Technology examples.

What are some techniques for improving response rates : What are some techniques for improving response rates to surveys? What gets you to complete a survey? Is it the color of the paper that it's printed on?

What piece of equipment should you use : what piece of equipment should you use? what do your observations illustrate about the relationship between moving electric charges and magnetic fields/ forces?

Which elements of deterrence are present in the sign : Which elements of deterrence are present in the sign? What is primary element used to deter? Is the emphasis of element consistent with Beccaria's argument?

What perspectives did your peers offer that you had not : What perspectives did your peers offer that you had not consideredpreviously regarding the value of a historically informed population?

User Account

All Pages