St Jude Medical - Five Forces Analysis

St Jude Medical - Five Forces Analysis

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Intensity of Existing Rivalry

Government limits competition (St Jude Medical) Government policies and regulations can dictate the level of competition within the industry. When...
Large industry size (St Jude Medical) Large industries allow multiple firms and produces to prosper without having to steal market share...
Fast industry growth rate (St Jude Medical) When industries are growing revenue quickly, they are less likely to compete, because the total...
Relatively few competitors (St Jude Medical) Few competitors mean fewer firms are competing for the same customers and resources, which is a...

Bargaining Power of Suppliers

High competition among suppliers (St Jude Medical) High levels of competition among suppliers acts to reduce prices to producers. This is a positive...
Large number of substitute inputs (St Jude Medical) When there are a large number of substitute inputs, suppliers have less bargaining leverage over...
Inputs have little impact on costs (St Jude Medical) When inputs are not a big component of costs, suppliers of those inputs have less bargaining power....
Volume is critical to suppliers (St Jude Medical) When suppliers are reliant on high volumes, they have less bargaining power, because a producer can...
Low cost of switching suppliers (St Jude Medical) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching...

Threat of Substitutes

Limited number of substitutes (St Jude Medical) A limited number of substitutes mean that customers cannot easily find other products or services...
Substantial product differentiation (St Jude Medical) When products and services are very different, customers are less likely to find comparable product...
High cost of switching to substitutes (St Jude Medical) Limited number of substitutes means that customers cannot easily switch to other products or...

Bargaining Power of Customers

Product is important to customer (St Jude Medical) When customers cherish particular products they end up paying more for that one product. This...
Low buyer price sensitivity (St Jude Medical) When buyers are less sensitive to prices, prices can increase and buyers will still buy the product....
Large number of customers (St Jude Medical) When there are large numbers of customers, no one customer tends to have bargaining leverage....
Buyers require special customization (St Jude Medical) When customers require special customizations, they are less likely to switch to producers who have...

Threat of New Competitors

Strong distribution network required (St Jude Medical) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to...
High capital requirements (St Jude Medical) High capital requirements mean a company must spend a lot of money in order to compete in the...
High sunk costs limit competition (St Jude Medical) High sunk costs make it difficult for a competitor to enter a new market, because they have to...
Strong brand names are important (St Jude Medical) If strong brands are critical to compete, then new competitors will have to improve their brand...
Patents limit new competition (St Jude Medical) Patents that cover vital technologies make it difficult for new competitors, because the best...
Industry requires economies of scale (St Jude Medical) Economies of scale help producers to lower their cost by producing the next unit of output at lower...
Advanced technologies are required (St Jude Medical) Advanced technologies make it difficult for new competitors to enter the market because they have to...
Customers are loyal to existing brands (St Jude Medical) It takes time and money to build a brand. When companies need to spend resources building a brand,...
Geographic factors limit competition (St Jude Medical) If existing competitors have the best geographical locations, new competitors will have a...
High learning curve (St Jude Medical) When the learning curve is high, new competitors must spend time and money studying the market...
Entry barriers are high (St Jude Medical) 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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