Explain porter’s five forces model

Assignment Help Management Theories
Reference no: EM13214564

Properly cite and reference any external research that has been incorporated in answers. Answers will be checked with Turn-it-in, so make sure that your responses are not cut and pasted from another source.

Instructions: 

Use the Case Study presented here to answer the questions below.   Your responses should demonstrate your understanding of the course content and your analysis and critical thinking; you are not expected to just re-iterate what is in the textbook and the course modules, but to integrate the information and relate it to the Case Study. Answers will be in the form of a list or short answers, as indicated in the questions. Proper APA style must be used for any citations and references that you use. The accuracy of your responses and whether you have appropriately tied your response to the Case Study is required. Responses that do not mention the Case Study will receive very few points, if any.  

Case Study

You have been working for some time at Unique Shoes, a local shoe store that specializes in unusual shoe designs and custom fitting.  Currently, customers come to the store to select their shoe designs and have their measurements taken for the custom fitting.  The shoes are then manufactured by a supplier in another state and shipped to the store for pickup by the customer.  The owner, Bill, is very interested in expanding his successful business.  He has just bought Sassy Shoes, a shoe store in a good location across town, and has hired a store manager.  He plans to continue selling the brands of shoes that the Sassy Shoes has been selling, but he wants to add his “unique shoes” to that store’s offerings.  Bill’s research shows that, in addition to all of the online sources for shoes, there are many other local stores that sell shoes:  outlets for major shoe store chains, mall stores that carry popular brands, small outlets and specialty shops, and department stores.  While Bill has been keeping all his records of orders and sales on paper, the records at Sassy Shoes are located on the manager’s PC in Excel files.  Bill realizes that he must treat the two stores as a single business, with one set of accounts, one billing system, etc.  He thinks this is also a good time to stop using paper records for his orders and sales.  Bill really hopes to continue to expand his business by buying other shoe stores, but he will need good information about his current businesses to know when he should make his next acquisition.  He has asked you to help him develop the business strategy and IT Plan to accomplish his goals.  You know that there are methodologies for analyzing the business environment and that there are multiple ways to expand the business.  You also recognize that IT is an important component for achieving that goal. 

 

1.     Explain Porter’s Five Forces Model and how Bill can use it to analyze his current business and his expansion.  Be sure to address each of the 5 forces and explain to Bill what they mean for his business.

 

2.     Based on your analysis in question #1, select one of the five forces and explain how Bill can incorporate his analysis of that force into his Strategic Business Plan (SBP).  

3.     List three business areas and/or processes that could be supported by an IT solution.

a. 

b. 

c.

4.     List and describe  (in two or three sentences each) three IT projects that should be a part of Bill’s IT Plan to support the area and/or processes identified in question #3 above.

a.

b.

c.

5.     Explain how each IT project listed above specifically improves and/or supports the business.

a. 

b. 

c.

 6.      If Bill decides to enter the world of eCommerce, which of the eCommerce models (B2B, C2B, B2C or C2C) would you recommend to him as a best fit for his business and how would it benefit his business? 

7.     How could Bill’s business benefit from implementing an SCM solution?

8.     How could Bill’s business benefit from implementing an ERP solution? 

9.     What benefits would Bill get for his business from implementing a relational database?  Your response must be tied directly to Bill’s shoe stores. 

10.  Make a list of five ways that Bill could protect the data and systems that he is going to put in place.  Consider the type of data and systems that would be relevant to Bill’s shoe store.

a. 

b. 

c. 

d. 

e. 

Reference no: EM13214564

Questions Cloud

What affect did industrialization and urbanization : What affect did industrialization and urbanization have on society and politics between 1865 and 1920
Emerging global community : Explain the role of the U.S. in the emerging global community. Since the world revolves around acquiring resources, consider economics as the main focus of your response. What factors have helped and hurt our economy.
Related to a discourse community in a factory : Tara Houser e-mails a colleague Dan Brothers to suggest that he be the lead writer in preparing a comprehensive business plan for the company. The task will be rather time-consuming. Which of the following would NOT be related to a discourse communit..
Between the arrival of p-waves and the arrival of s-waves : If the time difference between the arrival of p-waves and the arrival of s-waves is 60 appoximately how far are you from the epicenter of the earthquake?
Explain porter’s five forces model : IFSM 300  :  Explain Porter’s Five Forces Model and how Bill can use it to analyze his current business and his expansion.  Be sure to address each of the 5 forces and explain to Bill what they mean for his business.
Explain the heat of fusion of water : A quantity of ice at 0.0 degrees C was added to 33.6 of water at 21.0 degree C to give water at 0.0 degrees C. How much ice was added?
Compute the molar mass of the element : Calculate the molar mass (g/mol) of the element to three significant figures.
Compute the amount of heat required to melt : Calculate the amount of heat (in J) required to melt the sample. Use the following data: Tp = 44oC; C = 94 JoC-1 mol-1; ?Hfusion = 2.5 kJ/mol.
Explain the molar concentration of methanol in the mixture : What is the molar concentration of methanol in the mixture? Give answer in M, 2 significant digits, do not write down the units.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd