SmartStep - Five Forces Analysis

SmartStep - Five Forces Analysis

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Short description of Porter's Five Forces analysis for…

Intensity of Existing Rivalry

Low storage costs (SmartStep) When storage costs are low, competitors have a lower risk of having to unload their inventory all at...
Relatively few competitors (SmartStep) Few competitors mean fewer firms are competing for the same customers and resources, which is a...
Fast industry growth rate (SmartStep) When industries are growing revenue quickly, they are less likely to compete, because the total...

Bargaining Power of Suppliers

Low cost of switching suppliers (SmartStep) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching...
High competition among suppliers (SmartStep) High levels of competition among suppliers acts to reduce prices to producers. This is a positive...

Threat of Substitutes

Substitute has lower performance (SmartStep) A lower performance product means a customer is less likely to switch from SmartStep to another...
Substantial product differentiation (SmartStep) When products and services are very different, customers are less likely to find comparable product...

Bargaining Power of Customers

Limited buyer information availability (SmartStep) When buyers have limited information, they are at a disadvantage in negotiations with sellers....
Limited buyer choice (SmartStep) When customers have limited choices they end up paying more for the choices that are available....

Threat of New Competitors

Strong distribution network required (SmartStep) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to...
Strong brand names are important (SmartStep) If strong brands are critical to compete, then new competitors will have to improve their brand...
Advanced technologies are required (SmartStep) 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 smartstep'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 smartstep's most important five forces statements.