Recognizing opportunities - Industry analysis - Competition (Porter)
9 important questions on Recognizing opportunities - Industry analysis - Competition (Porter)
When becomes an industry attractive to new entrants?
What is the result of the increased competition due to new entrants?
- Lower prices
- Higher costs company
What are barriers for new entrants to enter the market?
- Patents
- Trade names
- High switching costs
- High investments to start new production
- Limited access to distribution channels (hebben bestaande bedrijven al)
- High customer loyalty
- Economies of scale (reduction of costs by high volumes)
- Government regulations restrict newcomers
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
For my 1st exam I got a C. Then, I started looking for ways to learn better and I came across Study Smart. Since then I have scored a A+, A, A- and another A. I highly recommend it to everyone who wants to hear it. I am so happy with it!!
I was struggling to finish all my first-year subjects for 3 years. Then I discovered Study Smart, which helped me to finish all of them within 3 months.
Because of StudySmart, things are going well in many ways. Before, I always had study stress and no time for anything. Now I feel calm and confident (because of the program). I used to score a B, now I usually score an A or A+.
Hey Chris, I really want to thank you very much for developing the platform, I usually got around C for my exams, now I scored an A+, an A and a A- !!
Since using Study Smart, my average has increased significantly. I even completed a statistics course with a A+ while I'm bad at statistics. I took on extra courses this year, because of Study Smart. Thanks so much!
Ever since I started studying with StudySmart I passed all my exams !!! No more re-sits!! At first, I was happy with a pass and now I only get good grades. Many thanks!
I aced all the courses I studied with Study Smart. For law, I first scored a D, and now an A! I’m 100% sure that I’ll pass all the courses I study with Study Smart.
I always thought I studied well. My grades were fine. I could never have imagined that applying these study skills would have such a huge and direct impact on my grades, my speed and the pleasure I have in learning.
For the first time, I finally feel totally confident about the way I learn. I have the perfect overview and make great progress in terms of speed and the grades I get. Thanks, Chris!
I immediately started to enjoy learning again, and my grades soared. All of a sudden, everything went better. I highly recommend Study Smart to all students..
Being able to create my materials online made the process of studying so much smoother and quicker. I no longer have to spend a huge amount of my time on creating my summaries.
At first, my notes were a mess. Now I use Study Smart to take my notes in a perfectly structured way. It helps me to save a lot of time and do other things I enjoy.
Students that study with Study Smart get better grades. The system applies all the learning methods in such a way that both well-performing students and students who struggle perform much better.
Hi Chris, I would like to thank you very much. Last year I scored C on a course, and this year I got an A+ thanks to your method! Thank you very much!
The largest effect is that my child is more enthusiastic about school! Every parent wants their children to be happy at school, Study Smart made it happen.
In high school, I failed several exams, and that has really changed now. I actually needed this tool very much back then. Since I started studying with StudySmart, I haven't had any D's. My average score is now an A and those are results I would have never had in the past
With my old method, I passed only 3 out of 8 courses. Since I started taking my notes digitally in Study Smart, I have passed all my courses on the first try. For me, StudySmart takes away the stress of wondering if I will pass or not.
Thanks to StudySmart, I passed all my exams, and with better grades than before! On top of that, I have mastered a very good study method now, which I am confident will help me earn my degree.
What are favourable factors for newcomers to enter the market?
- Age of industry (young: no dominant design -> compete on design)
- Level of sophistication
- The need to make use of existing assets
- Production process is simple
- Production requires low levels of knowledge
- Production is not capital- or advertising intensive
- No complementary assets in marketing and distribution are needed
- Locus of innovation (innovation from outside the value chain makes it easier to access)
What are the factors that are involved in the threat of substitutes?
- Availability of alternatives
- Perception of customers towards the differences in products
- Prices of alternatives
- Costs of switching to alternatives
What are the 3 types of substitution?
- Product substitution (one product substitutes another product; e-mail-post)
- Need substitution (longer-lasting car-spare parts)
- General substitution (products compete for available sources of funds; familie wil op vakantie of een nieuwe auto dus competitie om geld familie)
What is the influence of bargaining power of buyers?
What is the influence of bargaining power of suppliers and complementors?
- High concentration of suppliers increases bargaining power
- Switching costs are high
- Brand of supplier is strong
- Customers of suppliers are fragmented
On what depends the intensity of rivalry?
- The extent of equality in size or power (equil =high competition)
- Growth of the industry (slow growth = high competition)
- High fixed costs (price ware, additional produced products)
- Short-term overcapacity (by excess more agressive sales)
- Product differentiation (less differentiation, more competition)
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
