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

The Inside Story of the World’s Most Wanted Man, Essay Example

In “Ishmael” by Daniel Quinn, Mother Culture is an element of our lives that controls our actions by providing us with a sense of our [...]

Pages: 1

Words: 1027

Essay

Salary.com’s Online Data, Essay Example

Introduction There are a number of attractive positions within different industries, including those related to business. The following positions of interest are described in the [...]

Pages: 1

Words: 1107

Essay

Multicultural Issues in Counseling, Essay Example

It is important for counselors to gain an understanding of the culture that their clients belong to so that they can use this understanding to [...]

Pages: 1

Words: 279

Essay

Political Belonging to the Nation, Essay Example

Loyalty necessary to ensure the strength and survival of a nation. In the United States, a lack of loyalty has created many of the problems [...]

Pages: 1

Words: 260

Essay

Emotional Intelligence in Labor and Delivery, Essay Example

Background Statement In this case, there is a lack of communication between Dr. Jones, the physician that will be delivering Mrs. Ford’s baby, Mrs. Ford, [...]

Pages: 1

Words: 1429

Essay

Potty Training Complete, Essay Example

The visual cue I choose to use to encourage positive classroom behavior is potty training cards. This is a tool that will enable children to [...]

Pages: 1

Words: 304

Essay

The Inside Story of the World’s Most Wanted Man, Essay Example

In “Ishmael” by Daniel Quinn, Mother Culture is an element of our lives that controls our actions by providing us with a sense of our [...]

Pages: 1

Words: 1027

Essay

Salary.com’s Online Data, Essay Example

Introduction There are a number of attractive positions within different industries, including those related to business. The following positions of interest are described in the [...]

Pages: 1

Words: 1107

Essay

Multicultural Issues in Counseling, Essay Example

It is important for counselors to gain an understanding of the culture that their clients belong to so that they can use this understanding to [...]

Pages: 1

Words: 279

Essay

Political Belonging to the Nation, Essay Example

Loyalty necessary to ensure the strength and survival of a nation. In the United States, a lack of loyalty has created many of the problems [...]

Pages: 1

Words: 260

Essay

Emotional Intelligence in Labor and Delivery, Essay Example

Background Statement In this case, there is a lack of communication between Dr. Jones, the physician that will be delivering Mrs. Ford’s baby, Mrs. Ford, [...]

Pages: 1

Words: 1429

Essay

Potty Training Complete, Essay Example

The visual cue I choose to use to encourage positive classroom behavior is potty training cards. This is a tool that will enable children to [...]

Pages: 1

Words: 304

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!