1 Competitive Rivalry If you have many competitors offering

#1. Competitive Rivalry

If you have many competitors offering equally attractive products and services, then you’ll most

likely have little power in the industry. If suppliers and buyers don’t satisfy their needs by doing

business with you, they can simply go elsewhere. On the other hand, if you are meaningfully

different from your competition, and can sustain that advantage, then you may have more

power.

1. What is the level of competitive rivalry in today\'s environment (circle one)?

Low / Medium / High

What are your top 3 reasons for the response you gave?

2. What will be the level of competitive rivalry in 3-5 years (circle one)?

Low / Medium / High

What are your top 3 reasons for the response you gave?

3. What moves are your key competitors likely to make in the next 3-5 years?

4. What strategic moves do you need to make in the next 3-5 years?

This is analysis for Porter\'s 5 forces

I already solved the number 1 and 2, but 3,4

Thanks

Solution

Q3) Below are the moves the key competitors are likely to make in the next 3-5 years -

1. Increasing the integration of processes and systems to ensure realtime information sharing with business partners viz. suppliers, customers, contract manufacturers, distributors etc.

2. Implementing advanced technologies viz. Internet of Things, RPA, Blockchain, Cloud etc. to automate the processes, improve the efficiencies and decrease the operational costs.

3. Hiring skilled resources to fulfill the requirement of expanding business and venturing into new products, markets and services.

Q4) Apart from the above 3 moves, below are the strategic moves that need to be made in the next 3-5 years to outperform the competitors -

1. Differentiating the products or services by innovating and offering new features which are not being offered by any of the competitors, difficult to be imitated by new entrants and difficult to substitute due to unique design and technology used.

2. Investing in new technologies to improve efficiencies of processes and productivity of employees.

3. Expanding the business through various strategies like acquisitions, mergers, joint ventures, expanding to new markets by establishing offices, creating new product lines etc.