A critical evaluation of Michael Porter’s five forces framework. Case study of the Vietnamese textile industry

A critical evaluation of Michael Porter’s five forces framework. Case study of the Vietnamese textile industry PDF Author: Johannes Walder
Publisher: GRIN Verlag
ISBN: 3656404836
Category : Social Science
Languages : en
Pages : 21

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Book Description
Research Paper (undergraduate) from the year 2012 in the subject Business economics - Economic and Social History, grade: 72%, University of Greenwich (Business), course: International Business Environment, language: English, abstract: In times of globalisation strategic decisions like diversification and international expansion become more and more important. As the economic world is developing into an increasingly intertwined network managers need strategic tools to facilitate their decisions. One of these models is the Five Forces model of Michael Porter. He developed this approach in 1980 in his book Competitive Strategy – Techniques for analysing industries and competitors. He claims that any industry has five basic forces that shape the internal competition. This essay will analyse the underlying theories of the model and the its structure itself and apply it to a case study. The case study portraits the Vietnamese textile industry and their association with the government. By analysing the case study this paper will show the models insufficiencies and how it can be improved.

A critical evaluation of Michael Porter’s five forces framework. Case study of the Vietnamese textile industry

A critical evaluation of Michael Porter’s five forces framework. Case study of the Vietnamese textile industry PDF Author: Johannes Walder
Publisher: GRIN Verlag
ISBN: 3656404836
Category : Social Science
Languages : en
Pages : 21

Get Book Here

Book Description
Research Paper (undergraduate) from the year 2012 in the subject Business economics - Economic and Social History, grade: 72%, University of Greenwich (Business), course: International Business Environment, language: English, abstract: In times of globalisation strategic decisions like diversification and international expansion become more and more important. As the economic world is developing into an increasingly intertwined network managers need strategic tools to facilitate their decisions. One of these models is the Five Forces model of Michael Porter. He developed this approach in 1980 in his book Competitive Strategy – Techniques for analysing industries and competitors. He claims that any industry has five basic forces that shape the internal competition. This essay will analyse the underlying theories of the model and the its structure itself and apply it to a case study. The case study portraits the Vietnamese textile industry and their association with the government. By analysing the case study this paper will show the models insufficiencies and how it can be improved.

A Critical Evaluation of Michael Porter's Five Forces Framework

A Critical Evaluation of Michael Porter's Five Forces Framework PDF Author: Johannes Walder
Publisher: Createspace Independent Publishing Platform
ISBN: 9781548981501
Category :
Languages : en
Pages : 28

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Book Description
Porter's five forces analysis is a framework for analyzing the level of competition within an industry and business strategy development. It draws upon industrial organization (IO) economics to derive five forces that determine the competitive intensity and therefore the attractiveness of an industry. Attractiveness in this context refers to the overall industry profitability. An "unattractive" industry is one in which the combination of these five forces acts to drive down overall profitability. A very unattractive industry would be one approaching "pure competition," in which available profits for all firms are driven to normal profit. This analysis is associated with its principal innovator Michael E. Porter of Harvard University. This updated and expanded second edition of Book provides a user-friendly introduction to the subject, Taking a clear structural framework, it guides the reader through the subject's core elements. A flowing writing style combines with the use of illustrations and diagrams throughout the text to ensure the reader understands even the most complex of concepts. This succinct and enlightening overview is a required reading for all those interested in the subject . We hope you find this book useful in shaping your future career & Business.

Understanding Porter's Five Forces Analysis

Understanding Porter's Five Forces Analysis PDF Author: Reshan Perera
Publisher:
ISBN:
Category :
Languages : en
Pages : 32

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Book Description
Porter's five force model is an analytical tool that analyzes five competitive forces that helps marketers and business managers look at the 'balance of the power' in a market that is in-between various organizations on a global level and also help in determining an industry's weaknesses and strengths.

A Critical Evaluation of Michael Porter's Five Forces Framework

A Critical Evaluation of Michael Porter's Five Forces Framework PDF Author: Johannes Walder
Publisher:
ISBN: 9783656405900
Category :
Languages : en
Pages : 20

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Book Description
Scholarly Research Paper from the year 2012 in the subject Business economics - Economic and Social History, grade: 72%, University of Greenwich (Business), course: International Business Environment, language: English, abstract: In times of globalisation strategic decisions like diversification and international expansion become more and more important. As the economic world is developing into an increasingly intertwined network managers need strategic tools to facilitate their decisions. One of these models is the Five Forces model of Michael Porter. He developed this approach in 1980 in his book Competitive Strategy - Techniques for analysing industries and competitors. He claims that any industry has five basic forces that shape the internal competition. This essay will analyse the underlying theories of the model and the its structure itself and apply it to a case study. The case study portraits the Vietnamese textile industry and their association with the government. By analysing the case study this paper will show the models insufficiencies and how it can be improved.

An Analysis of the Developmental State

An Analysis of the Developmental State PDF Author: Angie Ngoc Tran
Publisher:
ISBN:
Category : Clothing trade
Languages : en
Pages : 226

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Book Description


Export Success Against the Odds

Export Success Against the Odds PDF Author: Hal Hill
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
Vietnam has achieved notable export success in its textile and garment industry over the past decade. Such an outcome might at first appear puzzling in view of many obstacles in the way of export success: the country had hitherto experienced a long period of international commercial isolation; its exporters have continued to be excluded from the key US market; there is a large and generally very inefficient state-owned enterprise (SOE) sector; its private sector faces active harassment and discrimination; much of the regulatory bureaucracy has at best a poor understanding of the operation of international markets; and there are notable institutional weaknesses. In seeking an explanation for this export success, several features of the general policy regime are emphasized, especially those associated with the doi moi reform process which took root from the late 1980s. It is argued that the lessons--both positive and negative--from this Vietnamese case study are generalizable to other transitional and late-comer export economies. Keyword(s): Asia, Vietnam, textiles and garments, exports, transitional economies.

Porters Five Forces Jump Start

Porters Five Forces Jump Start PDF Author: Gary Acker
Publisher:
ISBN: 9781975769321
Category :
Languages : en
Pages : 28

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Book Description
Porter's five forces analysis is a framework for analyzing the level of competition within an industry and business strategy development. It draws upon industrial organization (IO) economics to derive five forces that determine the competitive intensity and therefore the attractiveness of an industry. Attractiveness in this context refers to the overall industry profitability. An "unattractive" industry is one in which the combination of these five forces acts to drive down overall profitability. A very unattractive industry would be one approaching "pure competition", in which available profits for all firms are driven to normal profit. This analysis is associated with its principal innovator Michael E. Porter of Harvard University.This updated and expanded second edition of Book provides a user-friendly introduction to the subject, Taking a clear structural framework, it guides the reader through the subject's core elements. A flowing writing style combines with the use of illustrations and diagrams throughout the text to ensure the reader understands even the most complex of concepts. This succinct and enlightening overview is a required reading for all those interested in the subject .We hope you find this book useful in shaping your future career & Business.

Trading in Uncertainty

Trading in Uncertainty PDF Author: Esther Horat
Publisher: Springer
ISBN: 3319556487
Category : Business & Economics
Languages : en
Pages : 247

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Book Description
This book is an ethnographic case study, based on first hand observation, of family businesses in the northern Vietnamese village of Ninh Hiệp along the Red River Delta, which became a major hub for textiles in the wake of the country’s shift towards market socialism. The author explores how the traders experience, negotiate and react to a marketization process that is markedly shaped by the state’s morally ambivalent governance, and which can be thus characterised as an admixture of socialist and neoliberal ideologies. How are traders shaping the political economy of Vietnam? How has the labour force changed as textile-handling has become an increasingly profitable undertaking? Horat explores the relationships between traders and local authorities, as well as changing ideas of masculinity and femininity. Focusing on the redevelopment of the market landscape and the increasing share of private ownership that have given rise to great uncertainty, this book provides a we ll-timed inquiry into current debates of economic development in a uniquely shaped market environment.

Managing the Global Environment

Managing the Global Environment PDF Author: Miriam Mennen
Publisher: GRIN Verlag
ISBN: 3640569210
Category : Business & Economics
Languages : en
Pages : 41

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Book Description
Essay from the year 2006 in the subject Business economics - Marketing, Corporate Communication, CRM, Market Research, Social Media, grade: 62 % - B, University of Sunderland, course: Managing the Global Environment, language: English, abstract: Situation: 'Qubo', an Italian clothing company, which produces casual wear of medium quality, wants to expand its international operations to Vietnam. The country is, with a population of 84.9 million and a GDP growth rate of 7.1%, an emerging Southeast Asian economy with a high potential of successful foreign trade. (The Economist, 2006, p110) 'CODE Management consultancy' was asked to analyse the Vietnamese culture, the environment and ethical issues which might occur in the new location. In order to successfully expand manufacturing of 'Qubo' to Vietnam, the following report will deal with cross-cultural and environmental issues of Vietnam facing the company. Additionally the market will be analysed and possible management challenges as well as ethical issues will be outlined, guaranteeing 'Qubo' a successful market entry.

Summary of Joan Magretta's Understanding Michael Porter

Summary of Joan Magretta's Understanding Michael Porter PDF Author: Everest Media,
Publisher: Everest Media LLC
ISBN: 1669372189
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
Please note: This is a companion version & not the original book. Sample Book Insights: #1 The key to competitive success is to create unique value. This is what managers need to understand about the nature of competition and competitive success. The right mind-set and analytics are essential for strategy.