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Module 03: Critical Thinking
Critical Thinking: Industry Analysis (105 points)
To prepare for this assignment, review Figures 2.2 and 2.3 from your textbook and the text relative to Porter’s Five Forces of Competition framework. Consider the role of the following key forces of suppliers, substitutes, buyers, and potential entrants.
- Select a Middle Eastern company of your choosing and assess the power of each of five forces on that firm: that is, how powerful are the buyers, suppliers, and substitutes? How formidable are the barriers to entry and how intense is the rivalry among existing firms?
- Which of the forces has the biggest impact on the firm and why? What are the structural determinants impacting the firm?
- Focus on how you see your chosen company positioned in the market vis-à-vis the five forces you have identified, and which recommendations would you give to the firm’s management to improve their position in relation to suppliers, buyers, barriers to entry, and competitors.
Your well-written paper should meet the following requirements:
- Be 4-5 pages in length, which does not include the required title page or reference page, which are never a part of the content minimum requirements.
- Use Saudi Electronic University academic writing standards and APA style guidelines.
- Support your submission with course material concepts, principles and theories from the textbook and at least two scholarly, peer-reviewed journal articles unless the assignment calls for more.
- Review the grading rubric to see how you will be graded for this assignment.
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Running Head: PORTER’S FIVE FORCES
Porter’s Five Forces
Name of Student
Name of Institution
1
PORTER’S FIVE FORCES
2
Porter’s Five Forces
The company I have selected is a bank. Banks do not have the processes of production
and inventory management that factories do. However, they have departments and process that
substitute those normal operations in a company producing tangible goods. The main product of
a bank, like any other financial institution, is the service they offer. There are many financial
services that banks offer from automated teller machines, mobile banking, internet banking,
long-term and short-term loans to specialized services like consultancy.
The area in which a bank operates will influence the ways it provides its services. For
example, a bank operating in a poor country will design their products to suit the banking needs
of the population that it serves. Consequently, a bank in a developed nation where a big part of
the population is rich people also designs its products to suits the rich people’s banking needs.
Banks in the Middle East, due to the large population of Muslims must provide services that suit
the Islam community. They must provide Islamic banking.
I have chosen to analyze the competition of Qatar National Bank. Qatar National Bank
was founded in 1964 and is jointly owned by the Qatar government and the public each of who
own half. The bank has grown over the years to become not only the biggest bank in Qatar but
also the biggest in the whole of Middle East with operations in more than thirty countries. The
bank has an Islamic br...