Lake State Innovations - Five Forces Analysis

Lake State Innovations - Five Forces Analysis

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Intensity of Existing Rivalry

Relatively few competitors (Lake State Innovations) Few competitors mean fewer firms are competing for the same customers and resources, which is a...
Exit barriers are low (Lake State Innovations) When exit barriers are low, weak firms are more likely to leave the market, which will increase the...

Bargaining Power of Suppliers

Large number of substitute inputs (Lake State Innovations) When there are a large number of substitute inputs, suppliers have less bargaining leverage over...
Critical production inputs are similar (Lake State Innovations) When critical production inputs are similar, it is easier to mix and match inputs, which reduces...
High competition among suppliers (Lake State Innovations) High levels of competition among suppliers acts to reduce prices to producers. This is a positive...
Low cost of switching suppliers (Lake State Innovations) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching...

Threat of Substitutes

Substitute has lower performance (Lake State Innovations) A lower performance product means a customer is less likely to switch from Lake State Innovations to...
Substitute is lower quality (Lake State Innovations) A lower quality product means a customer is less likely to switch from Lake State Innovations to...
Substitute product is inferior (Lake State Innovations) An inferior product means a customer is less likely to switch from Lake State Innovations to another...
Substantial product differentiation (Lake State Innovations) When products and services are very different, customers are less likely to find comparable product...
Limited number of substitutes (Lake State Innovations) A limited number of substitutes mean that customers cannot easily find other products or services...

Bargaining Power of Customers

Low buyer price sensitivity (Lake State Innovations) When buyers are less sensitive to prices, prices can increase and buyers will still buy the product....
Low dependency on distributors (Lake State Innovations) When produces have low dependence, distributors have less bargaining power. Low dependency...
Product is important to customer (Lake State Innovations) When customers cherish particular products they end up paying more for that one product. This...
Large number of customers (Lake State Innovations) When there are large numbers of customers, no one customer tends to have bargaining leverage....
Limited buyer choice (Lake State Innovations) When customers have limited choices they end up paying more for the choices that are available....

Threat of New Competitors

Patents limit new competition (Lake State Innovations) Patents that cover vital technologies make it difficult for new competitors, because the best...
Customers are loyal to existing brands (Lake State Innovations) It takes time and money to build a brand. When companies need to spend resources building a brand,...

What is Porter's Five Forces Analysis?

WikiWealth's Five Forces analysis evaluates the five factors that determine industry competition. Add your input to lake-state-innovations'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 lake-state-innovations's most important five forces statements.