Eli Lilly and Company - Five Forces Analysis

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Short description of Porter's Five Forces analysis for… Intensity of Existing Rivalry Large industry size (Eli Lilly and Company) Large industries allow multiple firms and produces to prosper without having to steal market share... Highly competitive (Eli Lilly and Company) Please edit this page to add a description… Fast industry growth rate (Eli Lilly and Company) When industries are growing revenue quickly, they are less likely to compete, because the total... Bargaining Power of Suppliers High competition among suppliers (Eli Lilly and Company) High levels of competition among suppliers acts to reduce prices to producers. This is a positive... Volume is critical to suppliers (Eli Lilly and Company) When suppliers are reliant on high volumes, they have less bargaining power, because a producer can... Low cost of switching suppliers (Eli Lilly and Company) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching... Threat of Substitutes Substantial product differentiation (Eli Lilly and Company) When products and services are very different, customers are less likely to find comparable product... Bargaining Power of Customers Inelastic products (Eli Lilly and Company) Please edit this page to add a description… Product is important to customer (Eli Lilly and Company) When customers cherish particular products they end up paying more for that one product. This... Large number of customers (Eli Lilly and Company) When there are large numbers of customers, no one customer tends to have bargaining leverage.... Limited buyer choice (Eli Lilly and Company) When customers have limited choices they end up paying more for the choices that are available.... Threat of New Competitors Strong brand names are important (Eli Lilly and Company) If strong brands are critical to compete, then new competitors will have to improve their brand... Patents limit new competition (Eli Lilly and Company) Patents that cover vital technologies make it difficult for new competitors, because the best... Advanced technologies are required (Eli Lilly and Company) Advanced technologies make it difficult for new competitors to enter the market because they have to... Industry requires economies of scale (Eli Lilly and Company) Economies of scale help producers to lower their cost by producing the next unit of output at lower... Customers are loyal to existing brands (Eli Lilly and Company) It takes time and money to build a brand. When companies need to spend resources building a brand,... What is Porter's Five Forces Analysis? WikiWealth's Five Forces analysis evaluates the five factors that determine industry competition. Add your input to eli-lilly-and-company'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 eli-lilly-and-company's most important five forces statements.