Chevron Corporation - Five Forces Analysis

Chevron Corporation - Five Forces Analysis

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Short description of Porter's Five Forces analysis for…

Intensity of Existing Rivalry

Government limits competition (Chevron Corporation) Government policies and regulations can dictate the level of competition within the industry. When...
Large industry size (Chevron Corporation) Large industries allow multiple firms and produces to prosper without having to steal market share...
Fast industry growth rate (Chevron Corporation) When industries are growing revenue quickly, they are less likely to compete, because the total...
Exit barriers are low (Chevron Corporation) When exit barriers are low, weak firms are more likely to leave the market, which will increase the...

Bargaining Power of Suppliers

High competition among suppliers (Chevron Corporation) High levels of competition among suppliers acts to reduce prices to producers. This is a positive...
Diverse distribution channel (Chevron Corporation) The more diverse distribution channels become the less bargaining power a single distributor will...
Volume is critical to suppliers (Chevron Corporation) When suppliers are reliant on high volumes, they have less bargaining power, because a producer can...

Threat of Substitutes

Substitute is lower quality (Chevron Corporation) A lower quality product means a customer is less likely to switch from Chevron Corporation to...
Substitute has lower performance (Chevron Corporation) A lower performance product means a customer is less likely to switch from Chevron Corporation to...
Substitute product is inferior (Chevron Corporation) An inferior product means a customer is less likely to switch from Chevron Corporation to another...
High cost of switching to substitutes (Chevron Corporation) Limited number of substitutes means that customers cannot easily switch to other products or...
Limited number of substitutes (Chevron Corporation) A limited number of substitutes mean that customers cannot easily find other products or services...

Bargaining Power of Customers

Low buyer price sensitivity (Chevron Corporation) When buyers are less sensitive to prices, prices can increase and buyers will still buy the product....
Product is important to customer (Chevron Corporation) When customers cherish particular products they end up paying more for that one product. This...
Large number of customers (Chevron Corporation) When there are large numbers of customers, no one customer tends to have bargaining leverage....

Threat of New Competitors

Strong distribution network required (Chevron Corporation) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to...
High capital requirements (Chevron Corporation) High capital requirements mean a company must spend a lot of money in order to compete in the...
Strong brand names are important (Chevron Corporation) If strong brands are critical to compete, then new competitors will have to improve their brand...
Advanced technologies are required (Chevron Corporation) Advanced technologies make it difficult for new competitors to enter the market because they have to...
Geographic factors limit competition (Chevron Corporation) If existing competitors have the best geographical locations, new competitors will have a...
High learning curve (Chevron Corporation) When the learning curve is high, new competitors must spend time and money studying the market...
Entry barriers are high (Chevron Corporation) When barriers are high, it is more difficult for new competitors to enter the market. High entry...

What is Porter's Five Forces Analysis?

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