Michael Porter's Five Forces And Distance Education

Porter’s Five Forces framework is to identify the level of competition within the industry and to determine the strengths or weaknesses which can utilise to strengthen the position. The framework consist of five elements: threat of entry, bargaining power of supplier, bargaining power of buyer, threat of substitutes and industry rivalry.

“Online Learning: The Ruin of Education” was written on March 22, 2012 by Alexander Spring a sophomore student at Tufts University at the time. He wrote the article for the Huffington Post Teen. Spring is a cognitive and brain science major with a minor in economics. He also is a pre-med student, and writes for the Tufts Daily and Huffington Post rather regularly.

The author of the article makes an attempt to attract the readers’ attention to the rising debates over the growing popularity of the online courses. Due to a large number of controversial opinions about the outcomes of implementing online classes, Nicholas Carr explains the current situation by stating that a “powerful communication network—the Internet—is again raising hopes of a revolution in higher education”. The author is highly motivated to address the ongoing changes in

Like the state it calls home, The Texas Online Schools is a solid, yearning pioneer. Situated among the best and best research universities in the country, Texas Online Schools is home to more than 51,000 understudies and 3,000 teaching faculty. Together they are endeavoring to change the world through essential research and cutting edge appearing and learning frameworks. Here, custom and progression blend reliably to outfit understudies with a solid college experience. Amidst the setting of Austin, Texas Online Schools, a city saw for its imaginative and entrepreneurial soul, the school gives a spot to explore boundless open entryways for tomorrow's skilled workers, analysts, contenders, pros, business visionaries and planners.

The Porter’s model was created by Michael Porter in 1979. It is used to understand the structure of the industry and level of competition in that industry. It specifies the effect of five forces on an organization which are Threat of new entrants, Bargaining power of buyers, Bargaining power of suppliers, Threat of substitutes and Rivalry among existing competitors. The organization is less profitable if competitive forces are high. The model specifies where the actual power lies (Jurevicius, 2013).

Strategic analysts often use Porter’s five forces to understand whether new products or services are potentially profitable. By understanding where power lies, the theory can also be used to identify areas of strength, to improve weaknesses and to avoid mistakes.

Friedman a well-known New York Times reporter/journalist would say that technology compliments education for the future. In his article “Come to Revolution”, Friedman argues that online education is potentially better than regular education. He uses many effective rhetorical strategies to make his point. Friedman does a good job of providing background and referring to reliable authorities to enhance his own credibility. In his argument he uses the people he interviews’ credentials. He interviews many professors including Andrew Ng, who is the cofounder for Coursera. Coursera is an all online higher education. Ng is a computer science professor at Stanford and explains how Coursera is the future. Ng states that he “normally teaches 400 students, but with Coursera he is able to teach 100,000 students at the same time” (278). This new education revolution is a breakthrough in our modern day society. This is starting to become more and more common due to technology being more accessible for the everyday

In this era of globalization, the supermarket industry is one of the common investment sectors. It is also forming retail common categories of food products such as fresh and meats, poultry and seafood, fresh fruits and vegetables, canned and frozen foods as well as various dairy products. Investment in this industry can be profitable if succeed but bear in mind that risk still exists if monitoring process is not carried out. Therefore, Professor Michael E. Porter from Harvard Business School has introduced a tool for purposes of analysis potential industry which is the most profitable and potential.

The model of the Five Competitive Forces, developed by Michael E. Porter, is based on

This model deals with external factors that influence the nature of completion and internal factors how firms compete effectively to be more profitable. Porter’s 5 forces is used.

The Microenvironment includes the effect of rivalry, suppliers, buyers, distributors and the general public towards the strategy formulation by the company. These factors are a big game changer towards the success and failure of a particular organization. These factors can be further evaluated using the widely used industry analysis approach, Porter’s Five Forces Model.

Online education can be efficient for some students, but not for the others. It is growing and more people are more attracted to attend this method of learning.

Michael Porter developed a model for analysing the industry within which a business operates which is widely used in today’s competitive markets. The success of this model rests in the fact that it takes a holistic view of the industry in which the business is operating, and not a piece- meal approach which looks at each aspect in isolation. The Porter 's Five Forces tool is a simple but powerful tool for understanding where power lies in a business situation. This is useful, because it helps you understand both the strength of your current competitive position, and the strength of a position you 're considering moving into.

Porter’s five forces interact to shape the competitive landscape facing port authorities and port service providers. The 5 forces are stated below;

Secondly, Porter’s Five Forces Model is used to analyse the level of rivalry in the market, the attractiveness for potential new entrants, the power of suppliers, the power of buyers and the threat of substitution. This will allow us to see a holistic view of the industry in the market environment.