Retinal Scan Technology - Five Forces Analysis

Retinal Scan Technology - Five Forces Analysis

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Intensity of Existing Rivalry

Bargaining Power of Suppliers

Volume is critical to suppliers (Retinal Scan Technology) When suppliers are reliant on high volumes, they have less bargaining power, because a producer can...
Low concentration of suppliers (Retinal Scan Technology) A low concentration of suppliers means there are many suppliers with limited bargaining power. Low...
Inputs have little impact on costs (Retinal Scan Technology) When inputs are not a big component of costs, suppliers of those inputs have less bargaining power....

Threat of Substitutes

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

Bargaining Power of Customers

Buyers require special customization (Retinal Scan Technology) When customers require special customizations, they are less likely to switch to producers who have...
Low buyer price sensitivity (Retinal Scan Technology) When buyers are less sensitive to prices, prices can increase and buyers will still buy the product....
Limited buyer information availability (Retinal Scan Technology) When buyers have limited information, they are at a disadvantage in negotiations with sellers....
Limited buyer choice (Retinal Scan Technology) When customers have limited choices they end up paying more for the choices that are available....
Large number of customers (Retinal Scan Technology) When there are large numbers of customers, no one customer tends to have bargaining leverage....

Threat of New Competitors

Advanced technologies are required (Retinal Scan Technology) Advanced technologies make it difficult for new competitors to enter the market because they have to...
Patents limit new competition (Retinal Scan Technology) Patents that cover vital technologies make it difficult for new competitors, because the best...
High switching costs for customers (Retinal Scan Technology) High switching costs make it difficult for customers to change which products they normally...
High learning curve (Retinal Scan Technology) When the learning curve is high, new competitors must spend time and money studying the market...
Entry barriers are high (Retinal Scan Technology) 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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