VeriChip - Five Forces Analysis

VeriChip - Five Forces Analysis

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Intensity of Existing Rivalry

Large industry size (VeriChip) Large industries allow multiple firms and produces to prosper without having to steal market share...
Fast industry growth rate (VeriChip) When industries are growing revenue quickly, they are less likely to compete, because the total...
Relatively few competitors (VeriChip) Few competitors mean fewer firms are competing for the same customers and resources, which is a...

Bargaining Power of Suppliers

Volume is critical to suppliers (VeriChip) When suppliers are reliant on high volumes, they have less bargaining power, because a producer can...
Low concentration of suppliers (VeriChip) A low concentration of suppliers means there are many suppliers with limited bargaining power. Low...

Threat of Substitutes

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

Bargaining Power of Customers

Low buyer price sensitivity (VeriChip) When buyers are less sensitive to prices, prices can increase and buyers will still buy the product....
Limited buyer information availability (VeriChip) When buyers have limited information, they are at a disadvantage in negotiations with sellers....
Product is important to customer (VeriChip) When customers cherish particular products they end up paying more for that one product. This...
Limited buyer choice (VeriChip) When customers have limited choices they end up paying more for the choices that are available....
Large number of customers (VeriChip) When there are large numbers of customers, no one customer tends to have bargaining leverage....

Threat of New Competitors

Advanced technologies are required (VeriChip) Advanced technologies make it difficult for new competitors to enter the market because they have to...
Patents limit new competition (VeriChip) Patents that cover vital technologies make it difficult for new competitors, because the best...
High learning curve (VeriChip) When the learning curve is high, new competitors must spend time and money studying the market...
Entry barriers are high (VeriChip) 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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