Porter five forces model to analyze business, Business Management

Assignment Help:

Porter Five Forces of Professional Service Industry

The analysis of industry can be done through porter five force models to analyze competitive position. In this industry, it has some key competitors such as Deloitte & Touche, KPMG, Price Waterhouse Coopers, Accenture and Grant Thornton Canada. In this industry, high threats for new entrants, because they needs credibility and good experience of the industry. New entrants focuses on niche market and unable to provide services with low price (Sable, 2008). Ernst and Young has moderate threat from its all the rivals. It is because this market requires some standards, regulation and certification to be more crucial.

At the same time, companies of this industry have high threats from its substitutes such as other consultants and online consultancy agency etc. These agencies may outsource the process to the external suppliers. These companies also have high threats from bargaining power of buyers. The buyers can compare the service of its competitors and appeal to bargain for price (Sable, 2008). Finally, suppliers of its industry have low bargaining powers, because in a mean universities are the suppliers of this industry. So, the universities do not bargain to these companies.


Related Discussions:- Porter five forces model to analyze business

How is the communication affected in the organisation, How is the communica...

How is the communication affected in the organisation? Communication: Communication serves like a linking process by through parts of an organization are tied together. G

Functional and process management, How will officers achieve intergration w...

How will officers achieve intergration when they have no authority over either the administrative functions or programs

When is flow control of new products necessary to capture, When is the flow...

When is the flow control of new products necessary to capture the market in certain products? When the company has to survive and grow into a competitive environment this has t

Three approaches to short-tem financing problem, What are the three approac...

What are the three approaches to short-term financing problem?

Strategies for successfully using communication technology, QUESTION 1 ...

QUESTION 1 a) What is communication? b) Discuss four common types of communication barriers c) Explain five strategies for overcoming communication barriers and briefly e

Secondary source of information, #questionList out the secondary sources of...

#questionList out the secondary sources of information while pursuing market research..

Minimum maximum technique , Minimum Maximum Technique: The minimum maxi...

Minimum Maximum Technique: The minimum maximum system is often used in connection with manual inventory control systems. The minimum quantity is established in the same way a

Factors that help to prevent resistance to change, Question 1: (a) Disc...

Question 1: (a) Discuss three different levels of Management. (b) Differentiate between omnipotent and symbolic view of managers. (c) Explain the different functions of M

Change management, Change Management General Framework Outline the...

Change Management General Framework Outline the “Calm-waters” and the “White-water rapids” metaphors for Change Management. 1.  Discuss Connotative, Cognitive and Affec

Write Your Message!

Captcha
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