Financial Services/ Insurance - Five Forces Analysis

Financial Services/ Insurance - Five Forces Analysis

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Intensity of Existing Rivalry

Relatively few competitors (Financial Services/ Insurance) Few competitors mean fewer firms are competing for the same customers and resources, which is a...
Government limits competition (Financial Services/ Insurance) Government policies and regulations can dictate the level of competition within the industry. When...
Large industry size (Financial Services/ Insurance) Large industries allow multiple firms and produces to prosper without having to steal market share...

Bargaining Power of Suppliers

Large number of substitute inputs (Financial Services/ Insurance) When there are a large number of substitute inputs, suppliers have less bargaining leverage over...
Critical production inputs are similar (Financial Services/ Insurance) When critical production inputs are similar, it is easier to mix and match inputs, which reduces...

Threat of Substitutes

Bargaining Power of Customers

Product is important to customer (Financial Services/ Insurance) When customers cherish particular products they end up paying more for that one product. This...
Large number of customers (Financial Services/ Insurance) When there are large numbers of customers, no one customer tends to have bargaining leverage....

Threat of New Competitors

High capital requirements (Financial Services/ Insurance) High capital requirements mean a company must spend a lot of money in order to compete in the...
Strong distribution network required (Financial Services/ Insurance) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to...
Strong brand names are important (Financial Services/ Insurance) If strong brands are critical to compete, then new competitors will have to improve their brand...
Industry requires economies of scale (Financial Services/ Insurance) Economies of scale help producers to lower their cost by producing the next unit of output at lower...
High learning curve (Financial Services/ Insurance) When the learning curve is high, new competitors must spend time and money studying the market...
Entry barriers are high (Financial Services/ Insurance) When barriers are high, it is more difficult for new competitors to enter the market. High entry...

What is Porter's Five Forces Analysis?

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