Focusing on a Caribbean company or organization of your choice, do the following
ID: 343236 • Letter: F
Question
Focusing on a Caribbean company or organization of your choice, do the following: 1. Using Porter’s Five Forces Model to identify key elements of each competitive force that can impact the firm a. Evaluate the importance of each element for the organization b. Decide whether the collective strength of all the elements combined is valuable for staying in the industry 2. Develop an Internal Factor Evaluation Matrix (IFE) and a Competitive Profile Matrix (CPM) for your organization. 3. Construct an External Factor Evaluation Matrix (EFE) for your organization 4. Based on your analyses and the industry type that your organization operates in, what type of strategy would you suggest your organization implement and why?
Explanation / Answer
1. Porter's five forces model is very much importent for business and an organization .
a. Threat of new entry
b. bargaining power of customer
c.bargaining power of suppliers
d. Threat of substitute
e. Rivalry amoung exsisting competitors:
Impact of each element : Netgear
a. Threat of new entry :
b. Bargaining power of suppliers:
c. Bargaining power of customer :
d. Threat of substitute
e. Rivalry amoung exsisting Competitors :
According to these thing we can say that this is very importent in industry to build brand value of organization, to ensure the competitor's market , very good knowledge of outside market, understand buyer behaviour, Buyer choice, buyer thinking. very much well maintain analysis to understand cost analysi with different terms like markup pricing, breakeven picing, ratio pricing etc to fix the menu price or selling price in the market.
Yes this will creat a powerfull exisitence into markt. Very mature way to enter into market. by this process they will creat proper market research and segmentation on which they will launch their product and fix their price. It is very well know to identify their value creation . They can easily understand the buyer behavior and their buying style.
2. IFE matrix is based on SWOT analysis to identy their existence.
Strength :
Product range is very wide
Low cost product
Varity of segement
Good after sales service
Very high reach of buyer's connectivity
Weakness:
Quality of product is not good enough
Not long lasting
Range issue in WIFI has found
CPE matrix analysis:
Global expansion
Finacial position isvery strong hold
Customer loyalty
Very good experience in market
Good management team.
3. EFE:
Strategy: