MyTelemedicine - Five Forces Analysis

MyTelemedicine - Five Forces Analysis

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Intensity of Existing Rivalry

Large industry size (MyTelemedicine) Large industries allow multiple firms and produces to prosper without having to steal market share...
Fast industry growth rate (MyTelemedicine) When industries are growing revenue quickly, they are less likely to compete, because the total...

Bargaining Power of Suppliers

High competition among suppliers (MyTelemedicine) High levels of competition among suppliers acts to reduce prices to producers. This is a positive...
Critical production inputs are similar (MyTelemedicine) When critical production inputs are similar, it is easier to mix and match inputs, which reduces...

Threat of Substitutes

Substitute has lower performance (MyTelemedicine) A lower performance product means a customer is less likely to switch from MyTelemedicine to another...
Substitute is lower quality (MyTelemedicine) A lower quality product means a customer is less likely to switch from MyTelemedicine to another...
Substitute product is inferior (MyTelemedicine) An inferior product means a customer is less likely to switch from MyTelemedicine to another product...

Bargaining Power of Customers

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

Threat of New Competitors

Strong distribution network required (MyTelemedicine) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to...
High capital requirements (MyTelemedicine) High capital requirements mean a company must spend a lot of money in order to compete in the...
Advanced technologies are required (MyTelemedicine) Advanced technologies make it difficult for new competitors to enter the market because they have to...

What is Porter's Five Forces Analysis?

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