Back to School Offer

Get 20% of Your First Order amount back in Reward Credits!

Get 20% of Your First Orderback in Rewards

All papers examples
Get a Free E-Book! ($50 Value)
HIRE A WRITER!
Paper Types
Disciplines
Get a Free E-Book! ($50 Value)

Business Analysis, Essay Example

Pages: 1

Words: 318

Essay

Introduction

When applying Porter’s Five Forces Model in the analysis of the business environment for the grocery shop, all possible sources of competition must be identified and evaluated. The evaluation process must embrace the following;

Analysis of rivalry

This initiative entails identification of the competitors in the market and their capacity to outmatch the performance of the businesses. In the market there two main competitors that offer Whole Foods and Down to Earth shop offers a variety of products. The competitive strategy to beat the rivals in this case is to offer products with unique features and qualities that are not offered by the competitors (Werner, 2009).

Entry barriers

To ensure entry barriers, the business can adopt a proper operational strategy that enables the customers to buy the grocery products at low prices than the competitors’ prices.  Economy of scale is one method of achieving entry barriers.

Threats of substitute products

To combat the threats of substitute products, the business must offer a wide product range that embraces the element of diversified needs among the consumers. The business can offer products with many features that cannot be substituted easily by the customers (Coyne, & Sujit, 2008).

Supplier power

To combat the issue of supplier power, the business must work with many suppliers and have many choices for the suppliers available in the market, for instance, the business can work with at least 5 different companies to supply grocery products (Coyne, & Sujit, 2008).

Buyer power

The buyer power may affect the pricing in the market and thus force the business to offer low prices at a loss. To combat this problem, the business must deal with many buyers and ensure buyer rivalry through value pricing where each product or service attracts a certain price with anticipated values (Werner, 2009).

 

 

References

Werner, F, B. (2009), A resource-based view of the firm, Strategic Management Journal, Vol. 5,:             pp. 171-180

Coyne, K.P. and Sujit, B. (2008), Bringing discipline to strategy, The McKinsey Quarterly, No.4.

Time is precious

Time is precious

don’t waste it!

Get instant essay
writing help!
Get instant essay writing help!
Plagiarism-free guarantee

Plagiarism-free
guarantee

Privacy guarantee

Privacy
guarantee

Secure checkout

Secure
checkout

Money back guarantee

Money back
guarantee

Related Essay Samples & Examples

Email and Voicemail Monitoring, Essay Example

When it comes to email and voicemail monitoring, it is important to consider the implications of these actions on behalf of both the employee as [...]

Pages: 1

Words: 340

Essay

Description of Place: A Forest, Essay Example

The logic behind the significance of specific locations to individuals inevitably varies. Some places may hold pertinence since they are the sites of important personal [...]

Pages: 1

Words: 315

Essay

Quality Management System, Essay Example

Customer needs and expectations are the products any customer attaches to a company and knows that he or she will get it when need arises. [...]

Pages: 1

Words: 337

Essay

What Does It Take To Be a Good Parent Assignment, Essay Example

The issue of what does it take to be a good parent is contentious, insofar as the thematic remains susceptible to subjective interpretations. One may [...]

Pages: 1

Words: 330

Essay

Human Rights Violations and the Legal System, Essay Example

The Universal Declaration of Human Rights (hereinafter: UDHR), advanced by the United Nations General Assembly in 1947, was a watershed moment, insofar as with this [...]

Pages: 4

Words: 1122

Essay

The Critical Consulting Firm, Essay Example

Week 5 Issues The CanGo operation provides interesting insights into, unfortunately, how to conduct employee relations poorly. This is obviously not the company’s intent; on [...]

Pages: 5

Words: 1287

Essay

Email and Voicemail Monitoring, Essay Example

When it comes to email and voicemail monitoring, it is important to consider the implications of these actions on behalf of both the employee as [...]

Pages: 1

Words: 340

Essay

Description of Place: A Forest, Essay Example

The logic behind the significance of specific locations to individuals inevitably varies. Some places may hold pertinence since they are the sites of important personal [...]

Pages: 1

Words: 315

Essay

Quality Management System, Essay Example

Customer needs and expectations are the products any customer attaches to a company and knows that he or she will get it when need arises. [...]

Pages: 1

Words: 337

Essay

What Does It Take To Be a Good Parent Assignment, Essay Example

The issue of what does it take to be a good parent is contentious, insofar as the thematic remains susceptible to subjective interpretations. One may [...]

Pages: 1

Words: 330

Essay

Human Rights Violations and the Legal System, Essay Example

The Universal Declaration of Human Rights (hereinafter: UDHR), advanced by the United Nations General Assembly in 1947, was a watershed moment, insofar as with this [...]

Pages: 4

Words: 1122

Essay

The Critical Consulting Firm, Essay Example

Week 5 Issues The CanGo operation provides interesting insights into, unfortunately, how to conduct employee relations poorly. This is obviously not the company’s intent; on [...]

Pages: 5

Words: 1287

Essay

Get a Free E-Book ($50 in value)

Get a Free E-Book

How To Write The Best Essay Ever!

How To Write The Best Essay Ever!