Art gallery - Five Forces Analysis

Art gallery - Five Forces Analysis

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Intensity of Existing Rivalry

Fast industry growth rate (Art gallery) When industries are growing revenue quickly, they are less likely to compete, because the total...
Government limits competition (Art gallery) Government policies and regulations can dictate the level of competition within the industry. When...
Large industry size (Art gallery) Large industries allow multiple firms and produces to prosper without having to steal market share...
Relatively few competitors (Art gallery) Few competitors mean fewer firms are competing for the same customers and resources, which is a...

Bargaining Power of Suppliers

Large number of substitute inputs (Art gallery) When there are a large number of substitute inputs, suppliers have less bargaining leverage over...
High competition among suppliers (Art gallery) High levels of competition among suppliers acts to reduce prices to producers. This is a positive...
Low concentration of suppliers (Art gallery) A low concentration of suppliers means there are many suppliers with limited bargaining power. Low...
Diverse distribution channel (Art gallery) The more diverse distribution channels become the less bargaining power a single distributor will...
Low cost of switching suppliers (Art gallery) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching...

Threat of Substitutes

Substantial product differentiation (Art gallery) When products and services are very different, customers are less likely to find comparable product...
High cost of switching to substitutes (Art gallery) Limited number of substitutes means that customers cannot easily switch to other products or...
Limited number of substitutes (Art gallery) A limited number of substitutes mean that customers cannot easily find other products or services...

Bargaining Power of Customers

Large number of customers (Art gallery) When there are large numbers of customers, no one customer tends to have bargaining leverage....
Limited buyer choice (Art gallery) When customers have limited choices they end up paying more for the choices that are available....

Threat of New Competitors

Patents limit new competition (Art gallery) Patents that cover vital technologies make it difficult for new competitors, because the best...
Geographic factors limit competition (Art gallery) If existing competitors have the best geographical locations, new competitors will have a...
Entry barriers are high (Art gallery) When barriers are high, it is more difficult for new competitors to enter the market. High entry...
High switching costs for customers (Art gallery) High switching costs make it difficult for customers to change which products they normally...

What is Porter's Five Forces Analysis?

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