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Nigel Cox Consulting Ltd (threats from new entrants (new entrants may be…
Nigel Cox Consulting Ltd
threats from new entrants
cost of entry very low
many new entrants as economy slows down
new entrants may be more tech savvy :red_flag:
HR Solution
- (1) ensure consultants have regular updates (2) encourage consultants to network (3) review recruitment and selection criteria
bargaining power of buyers
can go elsewhere for same service
solution not business critical
HR solution
- create added value with more skilled consultants
HR solution
- improve customer service skills to help "bonding"
threat of substitution
internal HR can do work
sources on internet
HR not seen as part of solution
bargaining power of suppliers
cost of materials and services going up
normally easy to find another supplier
rivalry among competitors
many low cost consultants
differences not subject to evaluation