MGM Resorts International - Five Forces Analysis

MGM Resorts International - Five Forces Analysis

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Short description of Porter's Five Forces analysis for…

Intensity of Existing Rivalry

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

Bargaining Power of Suppliers

Large number of substitute inputs (MGM Resorts International) When there are a large number of substitute inputs, suppliers have less bargaining leverage over...
Low cost of switching suppliers (MGM Resorts International) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching...
High competition among suppliers (MGM Resorts International) High levels of competition among suppliers acts to reduce prices to producers. This is a positive...
Volume is critical to suppliers (MGM Resorts International) When suppliers are reliant on high volumes, they have less bargaining power, because a producer can...

Threat of Substitutes

Substitute has lower performance (MGM Resorts International) A lower performance product means a customer is less likely to switch from MGM Resorts International...
Substitute product is inferior (MGM Resorts International) An inferior product means a customer is less likely to switch from MGM Resorts International to...
Substitute is lower quality (MGM Resorts International) A lower quality product means a customer is less likely to switch from MGM Resorts International to...
Substantial product differentiation (MGM Resorts International) When products and services are very different, customers are less likely to find comparable product...

Bargaining Power of Customers

Limited buyer information availability (MGM Resorts International) When buyers have limited information, they are at a disadvantage in negotiations with sellers....
Product is important to customer (MGM Resorts International) When customers cherish particular products they end up paying more for that one product. This...
Large number of customers (MGM Resorts International) When there are large numbers of customers, no one customer tends to have bargaining leverage....

Threat of New Competitors

High capital requirements (MGM Resorts International) High capital requirements mean a company must spend a lot of money in order to compete in the...
Strong brand names are important (MGM Resorts International) If strong brands are critical to compete, then new competitors will have to improve their brand...
Geographic factors limit competition (MGM Resorts International) If existing competitors have the best geographical locations, new competitors will have a...
Entry barriers are high (MGM Resorts International) When barriers are high, it is more difficult for new competitors to enter the market. High entry...
Customers are loyal to existing brands (MGM Resorts International) It takes time and money to build a brand. When companies need to spend resources building a brand,...
High switching costs for customers (MGM Resorts International) High switching costs make it difficult for customers to change which products they normally...
High learning curve (MGM Resorts International) When the learning curve is high, new competitors must spend time and money studying the market...

What is Porter's Five Forces Analysis?

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