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Porter's Five Forces Industry

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Being a student of MI College, I had to analyses factors contributing to the success of business organizations and to understand the environments in which the business operates.
In this applied project, researches have analyzed the importance of an evaluating in Maldives Transport and Contracting Company Plc. In this analysis background information of Maldives Transport and Contracting Company is included. Some academic theories are identified and applied to the real work situation. In addition to that, how they run the company and the methods used to gain more income and how to success a business are described in this assignment.
This analysis program was successfully completed with the help of Maldives Transport and Contracting Company …show more content…

The idea is to look at each of these factors and determine the degree to which they increase competition in the industry. If the forces are strong, they increase competition; if the forces are weak they decrease competition. Porter’s five forces definition can be utilized by any business and can be applied to any …show more content…

Porter’s five forces defined whether an industry is attractive or unattractive from the perspective of a company competing in that industry. Porter’s 5 forces of competition provide an excellent method to consider an industry before entrance.
An attractive industry is one which offers the potential for profitability. If a company uses Porter’s 5 forces industry analysis and concludes that the competitive structure of the industry is such that there is an opportunity for high profits, the company can elect to enter that industry or market. Or, if the company is already competing in that industry or market, it can use the competitive forces Porter created to determine its optimal position within the marketplace.
An unattractive industry is one which does not offer the potential for profitability. If a company uses the five forces Porter created and concludes that the competitive forces in the industry are too strong or unfavorable, that company may choose not to enter that industry or market. Or, if the company is already competing in that industry or market, it can use Porter’s 5 forces model to find the best possible strategic placement in it.
5 Forces of

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