Porter s Five Forces Model - 1539 Words

Porter s Five Forces Model Introduction The cosmetic industry is influenced by a wide range of factors that affect market growth and profits for businesses. The cosmetic industry has continued to record a substantial strong growth over the years and developed as one of the industries holding the highest potential for further development and growth. The market characteristics can reduce or increase the chances of success for new market entrants (Porter, 2008). Using Porter’s five forces model, businesses can be able to analyze the market and determine its attractiveness for investments. A major concern in health care is the quality. The purpose of this paper is to analyze the market attractiveness for a new cosmetic surgery clinic in†¦show more content†¦The industry has also recorded growth in the development of new customer segments. For instance, the desire to look young has increased the demand for male cosmetic surgery by 327% between 1997 and 2015 (Business Wire, 2016). The use of cosmetic surgery is a lso expected to increase going by the popular trends in media. The high demand for cosmetic surgery services is also demonstrated by the development of cosmetic surgery tourism. As the demand for cosmetic surgery remains high, the existing market players are unlikely to engage in aggressive market tactics such as price wars. New Market Entrants There are various market barriers that are likely to affect the potential of growth for new market entrants. New market entrants are likely to experience challenges with product or service differentiation. Product differentiation is achieved through brand recognition and is crucial in creating customer loyalty. Brand recognition is an important barrier for new entrants because of high emphasis on quality in the cosmetic industry (Gaynor, 2007). Quality of services and products is a major component of competition in the industry. New market entrants may be forced to spend a lot of resources in brand differentiation activities so that to gain customer loyalty. It might take time before the new business is able to overcome the customer loyalty towards the existing competitors. The new business willShow MoreRelatedThe Porter s Five Forces Model1281 Words   |  6 PagesAbstract The Porter s Five Forces model, which was named after Michael E. Porter, identifies and analyzes five competitive forces that shape every industry, and helps determine an industry s weaknesses and strengths. These forces are: †¢ Competition in the industry; †¢ Potential of new entrants into the industry; †¢ Power of suppliers; †¢ Power of customers; †¢ Threat of substitute products. It is commonly used to identify an industry s structure to determine corporate strategy. Porter s model can beRead MorePorter s Five Forces Model Essay1602 Words   |  7 PagesPorter s Five Forces model (PFF) is a powerful instrument that can be utilized by companies to investigate its situation and identify its industry s competitors. Analyzing industry will help any business in determining the competitive strength and weaknesses. By using PFF model, investors can gain valuable information regarding what the actual factors that affect the organization s profitability (Evans Neu 2008). This paper will analyze the Cola Wars case study based on the PFF model, and theRead MorePorter s Five Forces Model1611 Words   |  7 PagesPorter’s Five Forces In order to further figure out the failure of GM in Korea, we decided to analyse it from industrial perspective. The five forces model, which was developed by the Harvard professor Michael Porter, is going to be applied to the case. Porter’s five force model demonstrates that the Threat of New Entrant, the Threat of Substitute Products or services, the Bargaining Power of Buyers, the Bargaining Power of Suppliers and the Rivalry among the Existing Competitors are the forces thatRead MorePorter s Five Forces Model1137 Words   |  5 PagesThe next facet of the Porter’s Five Forces model, the bargaining power of suppliers, has a low to medium level of influence in the automotive industry. Suppliers can be easily replaced if an automotive producer is unhappy with the quality or price of their product. However, suppliers can have catastrophic effects on an automotive producer when their products fail and need to be recalled. For example, Firestone produced faulty tires equ ipped to the Ford Explorer which caused over 250 deaths, billionsRead MorePorter s Five Forces Model Essay1793 Words   |  8 PagesPorter’s Five Forces Model for the ACA helps explain how the system is currently being utilized in an unforeseen manner. (1) Competition in the industry is the private insurance, but in the unique world of healthcare, the competition does not infringe upon each other as conventional competition would. Private insurers have agreed to participate in the government’s exchange in return for more customers, but the premiums that new customers would pay are not conducive to profitability by the participatingRead MorePorter s Five Forces Model Analysis Essay2575 Words   |  11 Pages PORTER S FIVE FORCE MODEL ANALYSIS Name: Institution: Course: Date: Porter s Five Forces Model Analysis Introduction Porter’s five forces model was developed by Michael Porter in 1980 as a technique for industry analysis. An industry consists of a group of firms which are involved in the production of commodities which are close substitutes for one another. Essentially the five forces model provides corporations with a means of analyzing their fellow competitors within the market (PorterRead MoreAnalysis Of Porter s Five Forces Model1757 Words   |  8 Pagesand profits. Why is this so? FIVE FORCES MODEL Until recently, Porter’s Five Forces Model was the dominant theory applied to factors driving competitive forces in an industry. It hypothesizes that the level of competitive intensity within an industry arises from five specific sources in determining attractiveness of an industry to potential entrants. Porter developed Five Forces Analysis in response to SWOT analysis, a model he found too vague. In this economic model, while rivalry between competingRead MoreCase Study : Porter s Five Forces Model1153 Words   |  5 PagesORGANIZATION-EBAY Abstract Porter sFiveForce Porter s Five Forces Model is a critical instrument to break down an outer aggressive environment of the business. The model incorporates threat of entry, the threat of rivalry, the threat of suppliers, the threat of purchasers and threat of substitutes. How the five forces analysis reveal about the nature and strength of the various competitive pressures eBay faces Threat of Entry This business is an Internet-driven administration industryRead MoreHow to use porter s five forces model2243 Words   |  9 Pages7/22/2015 How to use porter s five forces model ïÆ'‰ (http://www.smartinsights.com)  Sign in (/wp-login.php) Become a member (/membership/) Resources (/digital-marketing-advice/) Blog (/blog/) About (/about/) Contact us (/contact-us/) How to use Porter’s five Forces NOVEMBER 18, 2013 MARKETING MODELS (HTTP://WWW.SMARTINSIGHTS.COM/MARKETING-PLANNING/MARKETING-MODELS/) (http://www.smartinsights.com/marketing-planning/marketing-models/porters-five-forces/?share=twitternb=1) (http://www.smartinsightsRead MoreCase Study : Porter s Five Forces Model1132 Words   |  5 Pages Organization-Ebay Institution: Name: â€Æ' Abstract Porter sFiveForce Porter s Five Forces Model is a critical instrument to break down an outer aggressive environment of the business. The model incorporates threat of entry, threat of rivalry, threat of suppliers, threat of purchasers and threat of substitutes. How the five forces analysis reveal about the nature and strength of the various competitive pressures eBay faces Risk of Entry This business is an Internet driven organization

Unbiased Report Exposes the Unanswered Questions on Top 10 Best Essay Writing Topics

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Employee Satisfaction in Efu Life Insurance free essay sample

This report is based on the analysis of employee satisfaction of â€Å"EFU General Insurance Limited†. It is our fortune to have personnel of â€Å"EFU General Insurance Limited† whose corporation and guidance contributed tremendously to complete this project. It is our pleasure to have the most valued and respected facilitator Mr. Motiur Rehman. The substance that we have gained during the semester and by assignments from him was an introduction for us in the field of Organizational Behavior, we certainly believe in its function which would be benefited through out our career in an organized manner. Further more we will like to take this opportunity to thank all the employees at EFU General Insurance Limited for their help and support with they have extended to us during our survey and interviews. Letter of Authorization Dated: 22nd April 2007 It is our honor to prepare a report on Employee Satisfaction Report of â€Å"EFU General Insurance Limited†, which was assigned to us by our respected teacher Mr. Motiur Rehman. It was a pleasure creating this report; here we would like to take the opportunity to thank our course instructor Mr. Motiur Rehman for all his support and guidance for our Organizational Behavior course. Rana Faisal Khurram Adil Sattar Tariq Gul-e-Anwer Nisar Abbas Malik Urooj Mughal Executive Summary The report is prepared on M/s. EFU General Insurance Company Limited. The firm was incorporated in Pakistan as a public limited company and its shares are quoted on all the Stock Exchanges of Pakistan. EFU is a huge company with almost 1000 employees working in more than 60 branches all over Pakistan and enjoys good reputation in the market. In 2007, the company is celebrating its Platinum Jubilee making the 75th year of its existence and become 12. 2 Billion company. The contents of this report indicates the Employee Satisfaction as an integral part of Organization Culture that refers to a system of share meaning held by members so as to distinguish the organization from other organization. A comprehensive questionnaire consisting of 30 questions were compiled and approved. All consisted of close-ended questions with four choices. Besides questionnaires, two following personal interviews were also conducted: ? Syed Shahid Hussain – Vice President Personnel Admin ? Mr. Syed Anwer Hasnain – Assistant Vice President Motors Limitations ? Since the time is a key factor in today’s world, therefore getting the questioners filled and interviews by taking shorter time of EFU personnel. ? Generally key persons are not willing share any negative aspect of their organization in front of management so 100% accuracy of data is not assured. Research Findings We found EFU an employer well liked and valued by its employees. Career Growth, Learning, Family Atmosphere, Freedom for new ideas and Decision Making are integrands in high satisfaction level among the employees. Company Profile Chairman Rafique R. Bhimjee Managing Director Chief Executive Saifuddin N. Zoomkawala Directors Sultan Ahmad Abdul Rehman Haji Habib Jahangir Siddiqui Wolfram W. Karnowski Muneer R. Bhimjee Hasanali Abdullah Taher G. Sachak Corporate Secretary Hasan Ali Abdullah Legal Advisor Mohammad Ali Sayeed Senior Advisor S. C. (Hamid) Subjallyu, A. C. I. I. Advisor Akhtar K. Alavi, A. C. I. I. Naqi Zamin Ali Audit Committee Muneer R. Bhimjee Taher G. Sachak Abdul Rehman Haji Habib Rating Agency Insurer Financial Stength Rating:AA Auditors Gardezi Co. Chartered Accountants – Karachi Website www. efuinsurance. com Registered Office 11/4, Shahrah-e-Pehlavi, Peshawar Main Offices EFU House M. A. Jinnah Road, Karachi Co-operative Insurance Building 23 Shahrah-e-Quaid-e-Azam, Lahore Company Background In the early 30s of the 20th century, under the inspiration of the Quaid-e-Azam Mohammad Ali Jinnah, there began to appear signs of economic renaissance of the Muslims of India. Shipping, Airline, Banking and Insurance companies made their debut. In 1932, Mr. Ghulam Mohammad, a farsighted man, established Eastern Federal Union Insurance Company (EFU) with financial assistance from the Aga Khan III and the Nawab of Bhopal. Mr. Abdur Rehman Siddiqui became the founder chairman. The firm was originally registered at Calcutta and operated in India (undivided) and Burma. In 1947, on the birth of Pakistan, EFU found a new home in a new country. In Pakistan, EFU rapidly established itself as a progressive and innovative insurer. It gave the emerging insurance industry the leadership, the manpower and the drive needed to grow in a situation where at one time, three-fourths of insurance was held by foreign companies. By 1961, EFU had become the flag bearer of Pakistans insurance industry on the world stage and the largest life company in Afro-Asian countries (excluding Japan) under the leadership of Mr. Roshen Ali Bhimjee. It remained so until 1972 when Life Assurance business in Pakistan was nationalized. Thereafter EFU operated solely as a General Insurance Company, and was subsequently renamed EFU General Insurance Limited. Now EFU General is the second largest non-life insurance company in the country and the mother company of other insurance organizations of EFU Insurance Group. In June 1990 the Government of Pakistan decided to allow Life Assurance business in private sector also. On 18 November 1992, EFU Life was granted a license to carry on life assurance business. It started operations immediately with Group Life products and in March 1994 launched its Individual Life products. EFU entered the field of life assurance with the focus on the changing needs of the population. The company is committed to provide its policyholders with solutions to the problems of todays complex and rapidly changing financial environment by introducing innovative and modern products. In March 2000, Allianz Aktiengesellschaft (Allianz AG), a global leader in the insurance industry with an active presence in 70 markets across 5 continents and EFU Group signed a joint venture to form a new company for providing health insurance cover to the people of Pakistan. Allianz EFU Health. Insurance Limited, approved by the Government of Pakistan, is the first specialized health insurance provider in the country and aims to play a pivotal role in developing the health insurance market in Pakistan. Traditionally the EFU name has become synonymous with progressiveness and prompts claim settlement and now the EFU being the largest insurance group provides a full range of general, life and health insurance services. Corporate Profile EFU is one of the few Pakistani organizations run totally by professional management and highly motivated field force. Another unique feature of EFU is a voluntary review mechanism by professionals of international repute. The independent reviews by these professionals enable the company to keep abreast of international changes in the industry as well as ensure that management adopts the best international practices. EFU gave the emerging insurance industry the leadership, the manpower and the drive needed to grow in a situation where at one time, foreign companies held three-fourths of insurance. The Principal place of business is located at EFU House, M. A. Jinnah Road, Karachi, Pakistan with over 60 branches throughout the country. Another pillar of EFUs strength is its very close and long-term (over 50 years) relationship with its main reinsurer, ‘Munich Re’, one of the largest reinsurance companies in the world. EFU Group of Companies EFU GROUP – PAKISTAN’S LARGEST INSURER |   | |[pic] |EFU General Insurance Limited |   | | | | | | |   |   | |   | | | |[pic] |EFU Life Assurance Limited |   | | |ISO 9001 Certified | | |Pakistan’s largest private sector life assurance company | | |   |   |   | |[pic] |Allianz EFU Health Insurance Limited |   | | |Pioneer and Leader | | | |Pakistan’s only specialized health insurer | | Vision Statement Our vision is to be the first choice company for our customer, shareholders and employees. To achieve this we will be driven by an obsession to be better than the best in a continuous journey, not a destination. At EFU first choice means a sustained commitment to meet and exceed stakeholder expectations. A will to go the â€Å"Extra Mile† to delight our customers with products and services that exceed their expectations Mission Statement We will manage our affairs through modern technology, collective wisdom and institutionalized leadership. We will be a respected, cultured and an educated company with a strong market position. Together with our customers, reinsures and employees we will achieve world class quality standards through continuous quality improvement. Achieve zero defects in everything we do. We will do good business, with good clients and of the highest integrity. We will not compromise our principles and we will like to be known as a responsible corporate citizen aware of our obligation to the Government and the society we serve.

The Efficiency of Hybrid Cars Essay Example For Students

The Efficiency of Hybrid Cars Essay Transportation is a large concern in todays modern world. Most individuals have opted to buy vehicles for their personal use. Most of these vehicles consume gasoline and a smaller proportion is hybrid based. These two types of vehicles have many similarities. The two such vehicles require an energy source and both types of vehicles provide an important function to society. That function is to provide people with a reliable form of transportation. Although these two types of vehicles have many similarities, their differences are what distinguish them. Hybrid vehicles are more cost effective, environmentally sound, and safe than the standard gasoline vehicles in the long run. We will write a custom essay on The Efficiency of Hybrid Cars specifically for you for only $16.38 $13.9/page Order now Cost is a key factor to consumers in determining what vehicle to purchase. On average hybrid vehicles cost fifteen hundred dollars more than the standard gasoline vehicle. However, this extra expense is well invested. A hybrid vehicle can reach sixty-one miles per gallon, whereas a typical gasoline vehicle can only reach twenty-eight miles per gallon. Currently gas costs two dollars and ten cents per gallon. The average individual can be expected to drive fifteen miles per year. This amounts to a total gas expense of eleven hundred dollars. If one were to own a hybrid vehicle this expense would eventually pay for the extra fifteen hundred dollars that was required to buy a hybrid car. In two years one would expect to have saved over seven hundred dollars and in three years more than nineteen hundred dollars. With such an incredible long term saving potential, the hybrid car is surely an economically sound choice. In addition, another economical factor that hybrid cars have is a technological mechanism known as regenerative braking. When a hybrid car brakes; the motion of the wheels against the braking mechanism creates heat in the form of kinetic and thermal energy. This kinetic and thermal energy is turned into electricity. This electricity then travels back to the battery source where it is stored until it is needed, or used. In contrast, conventional vehicles use a different braking mechanism. When a standard gasoline car brakes the wheels are merely dragged to stop turning freely. This friction effect causes the same form of heat found in hybrid cars; however this heat is dispelled into the atmosphere instead of being turned into useable energy. The more an individual uses a hybrid car, the more useable energy is produced for the car to use. Furthermore, the hybrid vehicle is an environmentally life saving decision. Most hybrid cars have been classified as Super Ultra Low-Emission Vehicle s (SULEV) or Ultra Low-Emission Vehicles (ULEV). This means they are fifty to ninety percent cleaner than most gasoline vehicles, and this includes models that have come out on the market today. Conversely, gasoline vehicles consume forty percent of the oil in the United States each day. This consumption is the single cause of twenty percent of the carbon pollution that is causing global warming. Not only are hybrid cars cleaner for the environment but they are also the most fuel efficient. As noted before hybrid vehicles can reach a fuel efficiency of sixty-one miles per gallon. That beats any gasoline vehicle hands down. Safety is also an important issue in buying a vehicle. Although hybrid vehicles are rated as having the same safety standards as gasoline cars, there is one key advantage hybrid cars have that gasoline cars do not. That advantage is a back up power source. In a standard gasoline powered car, gasoline is the drivers only source of energy. Hybrid cars by their very name have two. The advantage of driving a hybrid car is the ability to get safely off the road, even when the electrical generator fails or there is a lack of fuel. If a driver is ever caught in a situation where the gas gauge reads empty, the battery power alone is enough to finish the trip. A feature such as that will give any driver, peace of mind. .ua4701d08e0f286cff65e0c4837f6db78 , .ua4701d08e0f286cff65e0c4837f6db78 .postImageUrl , .ua4701d08e0f286cff65e0c4837f6db78 .centered-text-area { min-height: 80px; position: relative; } .ua4701d08e0f286cff65e0c4837f6db78 , .ua4701d08e0f286cff65e0c4837f6db78:hover , .ua4701d08e0f286cff65e0c4837f6db78:visited , .ua4701d08e0f286cff65e0c4837f6db78:active { border:0!important; } .ua4701d08e0f286cff65e0c4837f6db78 .clearfix:after { content: ""; display: table; clear: both; } .ua4701d08e0f286cff65e0c4837f6db78 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ua4701d08e0f286cff65e0c4837f6db78:active , .ua4701d08e0f286cff65e0c4837f6db78:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ua4701d08e0f286cff65e0c4837f6db78 .centered-text-area { width: 100%; position: relative ; } .ua4701d08e0f286cff65e0c4837f6db78 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ua4701d08e0f286cff65e0c4837f6db78 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ua4701d08e0f286cff65e0c4837f6db78 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ua4701d08e0f286cff65e0c4837f6db78:hover .ctaButton { background-color: #34495E!important; } .ua4701d08e0f286cff65e0c4837f6db78 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ua4701d08e0f286cff65e0c4837f6db78 .ua4701d08e0f286cff65e0c4837f6db78-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ua4701d08e0f286cff65e0c4837f6db78:after { content: ""; display: block; clear: both; } READ: What Are Anabolic Steroids EssayA dependable form of transportation is often hard to find. Yet, when a technological advancement comes along such as the hybrid car; society is slow to acknowledge it. If an individual were to choose a vehicle, the hybrid one is surely the better choice.