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| Subject:
Strategy Management- small business
Category: Business and Money Asked by: blakepiper-ga List Price: $20.00 |
Posted:
25 Sep 2002 20:17 PDT
Expires: 08 Oct 2002 22:17 PDT Question ID: 69188 |
Discuss some of the ideas of Michael Porter relating to the competing forces of potential entrants to an industry/threat of new entrants ot an industry/threat of new entrants.Illustrate with examples... could you please reply in 2 days.... Tks |
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| There is no answer at this time. |
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| Subject:
Re: Strategy Management- small business
From: joanna4-ga on 30 Sep 2002 17:09 PDT |
In response to your question requesting the discussion of Michael Porter's strategic approach to new entries into the market. New entrants may sometimes have advantages over mature companies due to the ability to move quickly and be bound with less beauracracy. For example, a large consumer electronics company may have invested millions into implementing SAP (Systems and Processes) and may have little flexibility in meeting a customers requirements. A young start-up company may have the ability to work closely with the customer and through personal attention and detail move the products quicker, cheaper and more cost effective. This is definitely an advantage to the new entrant and could prove catastrophic to the mature company who is focusing most of their energy inside the company instead of on their customers. |
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