Corporate strategy p4 Flashcards
1
Q
What are porters five forces?
A
-rivalry
-treat of entry
-suppliers bargaining power
-treat of substitutes
-buyer bargaining power
2
Q
What does it mean if threat of entry if high?
A
- loose comp advantage
- lower profits
- lose market shares
3
Q
What does it mean if buyers have bargaining power?
A
-decrease prices
-increase quality-increases price
4
Q
What are some strategies to buyer bargaining power?
A
-new customers
-differentiate product
-increase marketing
5
Q
What does it mean if suppliers have bargaining power?
A
-reduce comp advantage
6
Q
What strategies are there to counter supplier bargaining power?
A
-lock in longer contracts
-EOS
7
Q
What are strategies to counter threat of substitutes?
A
-brand loyalty
-meet customer needs
8
Q
What are strategies to counter rivalry
A
-cost leadership
-increase marketing
