TWO short answer of Porter's five forces of competition

Anonymous
timer Asked: Jan 31st, 2015
account_balance_wallet $10

Question description

This assignment is due by midnight, Friday, January 30, 2015.  In the Powerpoint notes I gave you, I gave pluses and minuses using Porter's five forces of competition: Bargaining Power of Buyers, Rivalry Among Competitors, Threats of Substitutes, Bargaining Power of Suppliers, and New Industry Boundaries.  Each answer should be between 150 and 200 words.  

Powerpoint notes:

BARGAINING POWER OFBUYERS

•Minuses:–Can increase buyer power by giving buyers a better

understanding of true product performance, allow them toplay one manufacturer off another.
–Buyers may also find that having access to product usage datacan decrease their reliance on the manufacturer for adviceand support.
–Product “as a service” may allow switching to another manufacturer.


Answer Both Questions.

1.  In the minuses for the Bargaining Power of Buyers (and also in the Threats of Substitutes), I say a minus is "Product as a service" (from the viewpoint of the manufacturer).   What is "Product as a Service."  Give one example and explain how the "service" allows easier switching to another manufacturer.

2.  Try to think of a company that now manufactures a range of related products.  How might that company expand into more of an ecosystem where the products are connected and information is added from outside sources to create even more value for customers?


Tutor Answer

UC Berkeley

flag Report DMCA
Review

Anonymous
Excellent job

Similar Questions
Hot Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors