Porter's Five Forces is a framework for industry analysis and business strategy development. It draws attention to five key forces that determine the competitive intensity and attractiveness of a market. The five forces are the threat of new entrants, the power of suppliers, the power of buyers, the threat of substitutes, and rivalry among competitors. Understanding these forces can help companies identify strategic options for improving their competitive position.
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CASE STUDY 2 (Porter's)- SECTION_06_THE RISK TAKERS.pptx
Porter's Five Forces is a framework for industry analysis and business strategy development. It draws attention to five key forces that determine the competitive intensity and attractiveness of a market. The five forces are the threat of new entrants, the power of suppliers, the power of buyers, the threat of substitutes, and rivalry among competitors. Understanding these forces can help companies identify strategic options for improving their competitive position.
Porter's Five Forces is a framework for industry analysis and business strategy development. It draws attention to five key forces that determine the competitive intensity and attractiveness of a market. The five forces are the threat of new entrants, the power of suppliers, the power of buyers, the threat of substitutes, and rivalry among competitors. Understanding these forces can help companies identify strategic options for improving their competitive position.
Forces INTERNATIONAL BUSINESS AND TRADE(Section-06)
Group name: “the risk
Members takers” Ababao, Yureka Chellum Matudio Alcantara, Mark Lander Ronquillo Calica, Trisha Lalaine Depalco Castro, Patricia Anne Capalad Ramos, Valerie Ann Tuazon CASE ANALYSIS Problem: Based on the discussion of our group, we recognized that Ristorante Delle Mitre is facing problems related to some of its possessed marketing principles. One noticeable problem we saw is the misalignment of market segmentation and market concentration of the business. According to the given scenario, the business wanted to target and concentrate their service to the “masa” for the church to be closer to them. However, the aim of the business to bring the church closer to the “masa” is not aligned to one of the main components of their market mix which is the place. On the given data, the restaurant is in the historical Intramuros which is filled with elites and tourists. According to the report of Manila Bulletin, during the first semester of 2019, almost P2.12 million tourists and elites have visited the beautiful walls of Intramuros (Edera, 2019). Given the fact that the foot traffic of Intramuros is surrounded by tourists, our group thinks that it would be a problem for the restaurant to focus its service on the segment of “masa.” In short, the Ristorante Delle Mitre is currently facing a market dilemma on whether to change their market concentration or focus their market segmentation for the elites and tourists surrounding the marketplace.