Allstate - Five Forces Analysis

Allstate - Five Forces Analysis

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Intensity of Existing Rivalry

Fast industry growth rate (Allstate ) When industries are growing revenue quickly, they are less likely to compete, because the total...
Large industry size (Allstate ) Large industries allow multiple firms and produces to prosper without having to steal market share...
Government limits competition (Allstate ) Government policies and regulations can dictate the level of competition within the industry. When...
Relatively few competitors (Allstate ) Few competitors mean fewer firms are competing for the same customers and resources, which is a...

Bargaining Power of Suppliers

Large number of substitute inputs (Allstate ) When there are a large number of substitute inputs, suppliers have less bargaining leverage over...
Low cost of switching suppliers (Allstate ) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching...

Threat of Substitutes

High cost of switching to substitutes (Allstate ) Limited number of substitutes means that customers cannot easily switch to other products or...
Limited number of substitutes (Allstate ) A limited number of substitutes mean that customers cannot easily find other products or services...

Bargaining Power of Customers

Buyers require special customization (Allstate ) When customers require special customizations, they are less likely to switch to producers who have...
Product is important to customer (Allstate ) When customers cherish particular products they end up paying more for that one product. This...
Limited buyer choice (Allstate ) When customers have limited choices they end up paying more for the choices that are available....
Large number of customers (Allstate ) When there are large numbers of customers, no one customer tends to have bargaining leverage....

Threat of New Competitors

Strong brand names are important (Allstate ) If strong brands are critical to compete, then new competitors will have to improve their brand...
Patents limit new competition (Allstate ) Patents that cover vital technologies make it difficult for new competitors, because the best...
Customers are loyal to existing brands (Allstate ) It takes time and money to build a brand. When companies need to spend resources building a brand,...
High switching costs for customers (Allstate ) High switching costs make it difficult for customers to change which products they normally...

What is Porter's Five Forces Analysis?

WikiWealth's Five Forces analysis evaluates the five factors that determine industry competition. Add your input to allstate's five forces template. See WikiWealth's tutorial for help. Is WikiWealth missing any analysis? Check out our entire database of free five forces reports or use our five forces generator to create your own. Remember, vote up allstate's most important five forces statements.