Porters Five Force Model free essay sample

Porter’s Five-Force Model and International Strategies Porter’s Five-Force model is a tool used for strategic analysis of a particular market sector. Its name comes from the five factors that, according to Porter, serve as an aid in determining how attractive a market sector is for potential investors, emerging firms as well as the existing players. â€Å"One can measure the industry’s attractiveness for entry and exit, analyze competitive trends, and plot future strategy. † (Stahl Grigsby, 1997, p. 45). It allows organizations to see what risks as well as benefits accompany functioning within the sector. The forces include: Supplier Power, Threat of Substitutes, Threat of New Entrants, Buyer Power, and Rivalry. The model should be a vital part of an organization’s business plan. If it is trying to enter a new, international market, it needs to have an understanding of what difficulties and challenges it is going to face. Knowledge is power and tha t is exactly what the Five-Force model offers. We will write a custom essay sample on Porters Five Force Model or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The proper generic strategy will position the firm to leverage its strength and defend against the adverse effects of the five forces. † (â€Å"Porter’s Five Forces: A Model for Industry Analysis,† n. d. ). Its role doesn’t end once a firm enters a market. It allows existing entities to keep track of the changes taking place in their industries and gives them a competitive advantage over those that do not see the trends by having more time to adjust and embrace the trends. Porter’s model does not include all the forces present in the market. It does not take under considerations things such as companies forming alliances, leading to an advantage over those not included. It also does not consider sudden changes in markets due to unpredictable events such as a natural disaster causing a shortage of supplies or a discovery of a new technology that can fundamentally alter either one of the forces or the entire market. It includes only the forces Porter considered as having the most impact and the model is to be used only as a framework of a more detailed and insightful market analysis. References Stahl, M. J. , Grigsby, D. W. (1997). Strategic management: total quality and global competition. Oxford, UK: Wiley-Blackwell. Porter’s Five Forces: A Model for Industry Analysis. n. d. Retrieved August 7, 2011 from QuickMBA. com: http://www. quickmba. com/strategy/porter. shtml

Describe Yourself Essay Whats It All About

Describe Yourself Essay Whats It All About Whether youre applying to a community college, a four-year college or university, or graduate school, you may be asked to write an essay describing yourself. A Describe yourself essay may also be required for applications to extracurricular programs, special experiences, and certain types of employment. So, where do you begin when describing yourself in writing? Do you talk about your weaknesses, or just your strengths? Make Preliminary Notes Before you begin writing the essay properly, take some time to jot down a few thoughts. You dont have to include everything you write down here in your final draft; this is merely a brainstorming exercise that will give you some material to work with. First, make a list of your strengths and weaknesses. These can be physical, mental, emotional, or spiritual qualities. While youre at it, add any special talents or hobbies. If you have any personal heroes, list those names, whether theyre celebrated figures or not. Next, write down any significant experiences youve had, such as witnessing the death of a pet or family member, winning an award, traveling, or becoming sick or injured. Add dates to refresh yourself, in case you plan to write a chronological account. Finally, list some adjectives that you think other people might use to describe you, as well as words youd use to describe yourself. Pick a Format Some institutions will give you details on how to compose your essay. In the absence of such instructions, its always safe to go with a standard five-paragraph essay. This consists of an opening paragraph, three solid paragraphs, and a conclusion. Dont Be Too Negative While its fine to mention rough times or personal weaknesses, some things are better left unsaid. A run-in with the law or a battle with a serious mental illness is generally not the kinds of things you want to talk about in your essay. Always try to use negative characteristics or events to highlight your good points. For example, if one of your parents abandoned your family and you had to become a caretaker to your younger siblings, you can talk about how that experience made you more mature, responsible, and compassionate. But focus more on the outcome than the bad experience. The more skilled you are as a writer, the better youll do at turning negatives into positives. Open Strong Whether or not you have the option to give your composition a title, youll want your first sentence to reel the reader in. You could mention something that other people say about you, refer to a favorite quote, or make a joke that shows your personality. Write a Thesis Statement A thesis statement, which also belongs in your introduction, is different from a hook or a headline. The thesis is your overall description of what youre writing about. Here are some examples: __________ was the most significant experience of my life. The three values that best define me are __________, __________, and __________. My lifelong dream has been to __________. If theres one thing I regret, its __________. If I can accomplish these three things before I die, I will have lived a good life: Compose Three Distinct Paragraphs There are several ways you can arrange your essay. You might write one paragraph about each of your most important values, memories, or goals. Or you could devote one paragraph to describing yourself physically, one to describing yourself psychologically, and one to describing yourself socially. Again, the construction of the essay may be part of the assignment, so be sure to follow any instructions you receive. Close Memorably In your closing paragraph, sum up the basic point or points you want the reader to remember about you. What did you strive to say in the body of the paper? Recap it here by saying something like, Whatever happens, I know I will have my __________, __________, and __________ to guide me. Finally, remember that this is not a research paper or book report. Keep the tone casual, and make sure it sounds like the real you. If youre naturally a serious intellectual, thats fine. But if youre a clown, it wont serve you well to write a stuffy-sounding paper.