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BS-2, G1組員：Lily,Penny,Joanna,Chyntia - Coggle Diagram

- - - - industry 1
        
        5 force are moderate
        
        industry 1 is industry profitability
      - industry 2
        
        1 weak force + 4 force are moderate to strong
        
        weak force
        (pivotal force)
        
        present more threat form competition/bargaining
        
        reshape pivotal force
        
        eg.airline seat utilization
  - - - cooperation
        
        co-opetition
      - competion
- - - - potential substitute products or services
        
        increase the value of the company's products
      - suppliers and buyer
    - - a systematic approach to looking at the different types of factors and the structural features of an industry
    - - whether industry might change
      - help make resource allocation decisions
        
        ROA
        
        industry effect
        
        company effect
      - interevene strategically to improve profitability
    - - set of similar company with a single product-market
  - - - advertising, R&D spending, new product, developing, pricing, capital investment, bargaining
    - - economic profit
    - - product differentiation, buyers&sellers, barriers to entry, cost structures, demand growth, switching costs
  - - - easy to entry
        
        increase competition
        
        lower the industry's profitability
      - entry barriers
        
        natural entry barrier
        
        scale and scope economics
        
        learning curve economies
        
        capital requirements
        
        product differentiation
        
        access to distribution channels
        
        other advantages
        
        privileged access to raw materials or favorable location
        
        governament regulation
        
        difficulty-to-imitate technology or process
        
        expected retaliation / strategic entry barriers
    - - slow demand growth
      - high over-capacity
      - high fixed/storage costs
      - high exit barriers
      - low industry concentration/product differentiation
    - - high industry concentration
      - high product differentiation
        
        customer
        
        brand loyalty
        
        segmented needs
      - firms make more appealing to customers
        
        product
        
        service
    - - low fixed/storage costs
      - demand growth
      - limited over-capacity
      - low exit barriers
    - - similar needs
        
        eg. Airbnb-hotel, Uber-taxicab
      - cost/performance improving quickly
      - better cost structure
    - - more the buyer relies on the industry
        
        higher the industry's bargaining power
        
        lower the buyer's bargaining power
    - - more the suppliers relies on selling
        
        the lower its bargaining power
  - - - rivalry
        
        perishable
        
        high fixed cost
        
        same service
      - low barriers to entry
        
        easy to lease and buy implements
    - - buyers are loyal
      - substitutes are less competitive
      - high differentiated products
      - suppliers are less bargaining power(commodities)
      - hard entry barriers
        
        R&D, patents, regulatory capabilities
- - - - Fiduciary rule
  - - - Eg. ASP that would eventually become Sass-type model, and eventually really now everyone thinks of it as Cloud software
  - - - the standard employer-employee contract was full-time employees
    - - (50% of the industry) the workforce are contingent workers
    - - temporary workers Treated as full time worker
- - - - consider broad trends in innovation in business models based on new technologies
    - - consider issues related to the impact of business on the natural environment
    - - demographic trends, values, culture, individual aspirations and expectations
    - - consider the legal infrastructure
        
        courts in different jurisdictions, different statutory provisions in different areas of law, web of international law, treaties created between countries
    - - economic growth, employment, inflation, interest rates, exchange rates, economic inequality
    - - government at different levels
        
        state, local, national, regional
      - political sensitivities
        
        political stability, security, corruption