Have you ever treaded water for lengthy period of time? At first, it’s easy to maintain that movement; but at some point, your muscles start cramping and treading the water becomes more difficult. Everyone knows you can only tread water for so long before you either move or sink. So, when we look at our
Ever heard the term “margin compression”? Put simply, margin compression occurs when the costs to make a product or deliver a service rise faster than the sales price of the product or service. Hence, putting pressure on profit margins. Causes of Margin Compression There may be many causes of margin compression… Increased competition Internal production
In a recent post, I talked about a conversation I had with our banker and the three questions she’d most like answers to. In case you missed it, her questions were… How are you feeling about your business and the local economy? What is the outlook for the rest of the year? What are you
See also: Porter’s Five Forces of Competition Threat of New Entrants Supplier Power Buyer Bargaining Power Intensity of Rivalry Complementors (Sixth Force) Porter’s threat of substitutes definition is the availability of a product that the consumer can purchase instead of the industry’s product. A substitute product is a product from another industry that offers similar
See also: Porter’s Five Forces of Competition Supplier Power Buyer Bargaining Power Threat of Substitutes Intensity of Rivalry Complementors (Sixth Force) In Porters five forces, threat of new entrants refers to the threat new competitors pose to existing competitors in an industry. Therefore, a profitable industry will attract more competitors looking to achieve profits. If
See also: Supplier Power Analysis Porter’s Five Forces of Competition Threat of New Entrants Buyer Bargaining Power Threat of Substitutes Intensity of Rivalry Supplier Power Definition In Porter’s five forces, supplier power refers to the pressure suppliers can exert on businesses by raising prices, lowering quality, or reducing availability of their products. When analyzing supplier
See also: SWOT Analysis Threat of New Entrants Supplier Power Buyer Bargaining Power Threat of Substitutes Intensity of Rivalry Complementors (Sixth Force) Marketing Mix (4 P’s of Marketing) Porter’s Five Forces of Competition Definition Porter’s 5 forces framework is used for strategic industry analysis. It was developed in 1979 by Michael Porter, Harvard Business School
See Also: Economic Order Quantity (EOQ) Economic Production Run (EPR) Accounting Income vs. Economic Income Feasibility Study Economic Value Added Mixed Economy Definition The mixed economy definition is an economy where both the private market and the government control the factors of production. It is the most common form of economy that exists in the
See Also: Asset Market Value vs Asset Book Value Efficient Market Theory Market Positioning Marking-to-Market Business Cycle Market Segmentation Brand Equity Market Dynamics Definition Market dynamics, defined as the factors which effect the supply and demand of products in a market, are as important to economics as they are to practical business application. Many economists
See also: Porter’s Five Forces of Competition Threat of New Entrants Supplier Power Buyer Bargaining Power Threat of Substitutes Complementors (Sixth Force) Porter’s Intensity of Rivalry Definition The intensity of rivalry among competitors in an industry refers to the extent to which firms within an industry put pressure on one another and limit each other’s
See also: Porter’s Five Forces of Competition Threat of New Entrants Supplier Power Buyer Bargaining Power Threat of Substitutes Intensity of Rivalry Porter’s Sixth Force Definition Complementors, Porter’s sixth force, are companies or entities that sell or offer goods or services that are compatible with, or complementary to, the goods or services produced and sold
Once you find yourself in a recession your first goal is to stabilize your operations. But having achieved that goal you need to look beyond the present and develop a longer term strategy. Our goal for this recession is to “come out of the recession better and stronger than we went in!” Recession Strategies for
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