In 57 paragraph please do Porters five forces analysis on Ho

In 5-7 paragraph please do Porter’s five forces analysis on Honda Motor Company?

Solution

Porter\'s five forces analysis on Honda Motor Company are as follows :-

-The first force is based on competition among the industries dealing with the automobiles as the competition between the organisation is very huge .Every institute dealing with the automobiles have their own unique selling point through which they attract their customers through different kind of offer\'s and discounts to the customers.So every organisation tries to increase their gross margin by making their product more attractive with offers and trying to achieve their goal of being sucessful in the market.For the honda company the common competiors are Suzuki,Toyota,Ford,Nissan.

-The second one is danger of alternative its not as big of a danger .There are not many organisation or companies in the market dealing with automobile which provides good service ,self-suffiency and doesnt misuse the time .Even if there are airplanes ,buses ,cycles,metro\'s that are much more convinient than the automobiles and are comfortable for transportation still the automobiles have their place of importance between these transportaion facilities .With the financila value of the petrol,diesel constantly increasing and with the headache of maintainence still the consumers buy cars and bikes for the daily use which they find much more convinient and easy to use from the other transport facilities .

-The third one is the obstruction to the acess of any person entering the automobile industry cause it is a very task entering the industry cause the people will ony purchase automobiles which ones are having a famous brand and are easily available in the markets. It is important for the companies which are well rooted in the automobile industry to have restriction of acess as this is very important for them cause some of the companies are joining hands with other companies and some them have their companies established overseas making huge gains .

-The fourth one is the customers having a wide range of choices to buy their product from any automobile company .The customers always wants the best product at low costs .They want the product they are buying to have the latest features with good looks and the quality of the product should be the best as for themm if they are spending on something that product should be the best of all. They want their car to be economical,efficient , safe for the environment too with the mileage . Therefore Honda tries to imply all these demands and wishes of the customers in their products and honda has been sucessful in its work till now and and the brand loyalty for honda is quite large cause it provides products with all the latest features including the features of the past products which were very much in demand.

-The fifth one are based on the suppliers in the industries of the automobiles . The automobile makers deals with a single supllier for the production of the automobiles for long term but they can change their supplier if they felt like anthing is wrong with the materials that the supplier has provided. A single supplier can be in contract with a single automobile maker or they can deal with two of the automobile maker maximum for the product supplying .So the supplier are on the edge so they have to meet with the demands of the automobile makers.