Porter's Five Forces for Global Automobile Industry Assignment

Porter's Five Forces for Global Automobile Industry - Assignment Example er’s five forces are used in the evaluation of how potential an industry can be by looking at the five forces that are most likely to affect that industry where the forces that will be considered will be the ones that are responsible for the profitability of that industry (Williams, Hall & Champion, 2011, p. 117). In the automobile industry, new entrants are typically a threat that is not very high and the factors that are considered when determining this treat include the hurdles that might be experienced by the new entrants such as the start-up capital requirements since the cost associated with setting up a car-manufacturing factory is very high (Kachru, 2007, p. 770). Brand equity is also a hurdle that the new entrant into the industry might face since the entrant will not have any compared to the companies that are in the emerged markets and have been in the industry for a significant period. Other hurdles and barriers include legislations and government policies in regards to emissions and safety as well as the ability of the company to distribute the cars that they manufacture. For instance, Alfa Romeo has not been in the United States since the 90’s since they could not establish a dealer network as opposed to a place like Singapore where only one is required. Under most circumstances, the buyers of the cars have to bargain before arriving at the price, which they will pay to get the car they are interested in, and the quantity that a buyer buys is normally a good factor in the determination of this force (Edwards, 2007, p. 93). Even though the buyers that are in the automobile industry usually buy one car at a time, the still have a lot of power and this is significant as far as the bargaining is concerned. This applies in the emerged markets but in the emerging markets, the situation favours the industry more than it favours the buyers of the cars. Ultimately, the buyers always possess some buying power but the power that they have is dependent on

Ultimate Toronto Assignment Example | Topics and Well Written Essays - 500 words

Ultimate Toronto - Assignment Example The current option is one that is based on fees that are used to create the right alternatives for those that are a part of the club (Ivey, 2012). This is combined with expectations for pricing changes that can be used. The finances can become an opportunity by changing the budgetary needs and prices to incorporate into the organization for growth and to change the other areas of the company’s needs. The research and development is an opportunity of the company. Currently, there is not a lot of research and development within TUC. However, the social nature and the affiliations with others are leading to more opportunities and changes that are expected with TUC. Promotion opportunities, known pricing and the development in the area have all been looked into and can create new strategies and development in TUC if they are expanded on (Simanis, Hart, 2008). The purchasing in TUC is a weakness. The company has identified ways to promote and change prices. However, the purchasing is still going into the foundational expectations for promotion and development, such as flyers, prints and advertisements. The known strategy for promotions is not combining with the purchasing that is developed for the sustainability and growth of TUC. This is combined with the non – profit status, which limits how much can be purchased or used (Ivey, 2012). The operations offers opportunities if a strategy is developed. Currently, one individual is looking at the strategies and opportunities while combining a promotional team. All other situations are run by volunteers and those that are a part of the teams. The operations need to be reconsidered in terms of being a non – profit. It also needs to be reconsidered strategically with human assets that can contribute to the growth of TUC. The operations then become a weakness that can turn into an opportunity of altered (Loorbach, Bakel,