Bargaining power of buyers | Porter’s Five Forces Analysis
The essence of strategy formulation involves competition. Yet it is easy to view competition too narrowly pessimistically. You might have heard executives complaining that rigorous competition in an industry is neither bad luck nor a coincidence. Moreover, within the fight for market share, competition isn’t manifested only within the other players. Instead, […]
What Is Bargaining Power Of Suppliers And How Does It Affect Your Business
In the airline industry, only two significant suppliers exist. Airbus and Boeing control the fuel prices. Thus, the bargaining power of suppliers in the airline industry is very high. A strong supplier may affect the profitability and quality of products. It may force companies to raise prices. It is one of the forces […]
