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

Process management, Process Management: Answer the following questions a...

Process Management: Answer the following questions as related to the process management: 1- What is race condition? Explain how can the semaphore be used to prevent it? 2-

Business plan to start a specialty coffee joint, On an individual basis, fo...

On an individual basis, formulate a business plan to start a specialty coffee joint at an appropriate "chic location" in Singapore. The business plan has to be well written so that

Business analytics assignment, Hey I need help with the Part 3 of my busine...

Hey I need help with the Part 3 of my business analytics assignment

Describe the causes of conflict in organizations, Question 1 (a) Discus...

Question 1 (a) Discuss and explain, with examples, at least 5 factors that inhibit effective communication in a business environment. (b) For each of the factor mentioned i

State steps in the planning process, Question: (a) Managers, engineers ...

Question: (a) Managers, engineers and experts often plan their actions before acting upon any issue. But planning is successful, only if, there are appropriate control proces

Hospitality and tourism market, hi, Can I ask you that my ticket ID EM2018...

hi, Can I ask you that my ticket ID EM201856MAI611BM, I got an offer yesterday and I just finish payment few more minutes ago. So can I get solution on time or no? Thank you to t

What is performance management and what are its aims, QUESTION 1 What a...

QUESTION 1 What are the main steps involved in the process of recruitment and selection? QUESTION 2 (a) What is performance management and what are its aims? (b) Dis

Wordings of dale yoder about performance appraisal, Illustrate the wordings...

Illustrate the wordings of Dale Yoder about performance appraisal? According to Dale Yoder about performance appraisal : The performance appraisal is like “all formal pro

Stages for conducting meetings, QUESTION (a) Business meetings vary in ...

QUESTION (a) Business meetings vary in their type, purpose and style and the need to run effective meetings is nowadays more intense than ever. Describe the different types of

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