BP - Five Forces Analysis

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Short description of Porter's Five Forces analysis for… Intensity of Existing Rivalry Large industry size (BP) Large industries allow multiple firms and produces to prosper without having to steal market share... Relatively few competitors (BP) Few competitors mean fewer firms are competing for the same customers and resources, which is a... Bargaining Power of Suppliers The suppliers for BP are countries that have oil reservoirs and oil fields. They usually have a bid for their oil field explorat Threat of Substitutes Limited number of substitutes (BP) A limited number of substitutes mean that customers cannot easily find other products or services... Bargaining Power of Customers Low dependency on distributors (BP) When produces have low dependence, distributors have less bargaining power. Low dependency... Product is important to customer (BP) When customers cherish particular products they end up paying more for that one product. This... Large number of customers (BP) When there are large numbers of customers, no one customer tends to have bargaining leverage.... Threat of New Competitors Easier for independents in the surface business Difficult for small independents to enter Subsea business High capital requirements (BP) High capital requirements mean a company must spend a lot of money in order to compete in the... Strong brand names are important (BP) If strong brands are critical to compete, then new competitors will have to improve their brand... Advanced technologies are required (BP) Advanced technologies make it difficult for new competitors to enter the market because they have to... Entry barriers are high (BP) When barriers are high, it is more difficult for new competitors to enter the market. High entry... What is Porter's Five Forces Analysis? WikiWealth's Five Forces analysis evaluates the five factors that determine industry competition. Add your input to bp's five forces template. See WikiWealth's tutorial for help. Is WikiWealth missing any analysis? Check out our entire database of free five forces reports or use our five forces generator to create your own. Remember, vote up bp's most important five forces statements.