IKEAs forces of competition - Five Forces Analysis

IKEAs forces of competition - Five Forces Analysis

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Intensity of Existing Rivalry

Government limits competition (IKEAs forces of competition) Government policies and regulations can dictate the level of competition within the industry. When...
Fast industry growth rate (IKEAs forces of competition) When industries are growing revenue quickly, they are less likely to compete, because the total...
Large industry size (IKEAs forces of competition) Large industries allow multiple firms and produces to prosper without having to steal market share...

Bargaining Power of Suppliers

Large number of substitute inputs (IKEAs forces of competition) When there are a large number of substitute inputs, suppliers have less bargaining leverage over...
Diverse distribution channel (IKEAs forces of competition) The more diverse distribution channels become the less bargaining power a single distributor will...

Threat of Substitutes

Substitute product is inferior (IKEAs forces of competition) An inferior product means a customer is less likely to switch from IKEAs forces of competition to...
Substantial product differentiation (IKEAs forces of competition) When products and services are very different, customers are less likely to find comparable product...
Limited number of substitutes (IKEAs forces of competition) A limited number of substitutes mean that customers cannot easily find other products or services...

Bargaining Power of Customers

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

Threat of New Competitors

Strong distribution network required (IKEAs forces of competition) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to...
Strong brand names are important (IKEAs forces of competition) If strong brands are critical to compete, then new competitors will have to improve their brand...
Advanced technologies are required (IKEAs forces of competition) Advanced technologies make it difficult for new competitors to enter the market because they have to...
Industry requires economies of scale (IKEAs forces of competition) Economies of scale help producers to lower their cost by producing the next unit of output at lower...
Entry barriers are high (IKEAs forces of competition) 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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