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Essay / Research Paper Abstract
This 3 page paper shows how Porters Five Forces model can be used to examine the difference influences in an industry. The paper uses the Kuwait private education sector as an example. The bibliography cites 4 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEkuwporter.rtf
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Unformatted sample text from the term paper:
looks at this is Porters Five Forces Model, if we look at this and use the Kuwait Private education industry as an example we can see how it works. five
forces model is designed to show how the external environment can effect the way a business operates, and that any strategy a business undertakes should take these factors into consideration
when analysing their position and possible future (DAveni, 1999). In understanding these external forces we will be better placed to deal with
them, understanding their combined impact, when they come to play. The five forces Porter identifies are the existing competitors, the threat of new entrants, substitute products (or services), and the
power of purchasers and suppliers (Porter, 1980). Porter does not see these external factors as working alone, they act in relationship to each other, and can also be influenced
by the organisation which the effect, in understanding them the organisation is in the best position to influence them (Thompson, 2005). The first force we will consider it the threat
of a new entrant into the market. If a new competitor enters the market it can be interpreted as a threat which is attempting to take away some of the
market share of the existing companies in that sector. The first thing to consider in this instance is how easy is it for a competitor to enter the arena by
analysing the existing barriers to entry. In Kuwait, as any other area there are legal barriers but the main barrier is the initial investment that is required and access to
the market in order to attract sufficient students (IPR Strategic Business Information Database, 2001). Therefore, the threat of new competitors is moderately high, but limited due to these barriers. The
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