Reference no: EM133368059
Assignment:
Step 1: Watch this video on Michael Porter's Five Forces Model
Step 2: Read the following Case study on Apple Inc.'s Five Forces Analysis and answer the following questions:
Questions (250-400 words each):
- Why do you Apple's threat to substitute is a weak force?
- In your own thoughts, outside of the context provided in this case study, what do you think has Apple done in order to create a competitive advantage and earn loyalty from its customers?
- Why does you think competitive rivalry a strong force for Apply if the threat to substitute is a weak force?
Case Study: Question based on below Resources:
Apple Inc. has achieved success as one of the most valuable companies in the world. This Five Forces analysis gives insights about the external factors influencing the company's success. Michael E. Porter's Five Forces framework is a strategic management tool for evaluating the five forces affecting the business organization: customers, sUppliers, substitutes, new entrants, and competition. A Five Forces analysis of Apple Inc. sheds light on what the company does to ensure industry leadership despite the negative effects of external factors in the competitive landscape of the computer software and hardware, consumer electronics, and online digital content distribution markets, which involve firms like Microsoft, Google, Amazon, Walmart, Samsung, Dell, Sony, and Lenovo. Established in 1976, Apple has succeeded to become a dominant competitor in the industry under the leadership of Steve Jobs. Based on this Five Forces analysis, the company addresses competition and the bargaining power of buyers, which are among the most significant external factors impacting the business. Also, this Five Forces analysis indicates that Apple Inc. must focus its strategic efforts on these two external factors to keep its leadership in the industry.
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