Nokia's - Five Forces Analysis

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Short description of Porter's Five Forces analysis for… Intensity of Existing Rivalry Relatively few competitors (Nokia's) Few competitors mean fewer firms are competing for the same customers and resources, which is a... Bargaining Power of Suppliers High switching costs due to contracts (Nokia's) Please edit this page to add a description… Low concentration of suppliers (Nokia's) A low concentration of suppliers means there are many suppliers with limited bargaining power. Low... Threat of Substitutes Substitute product is inferior (Nokia's) An inferior product means a customer is less likely to switch from Nokia's to another product or... High cost of switching to substitutes (Nokia's) Limited number of substitutes means that customers cannot easily switch to other products or... Bargaining Power of Customers Switching costs lower than firms (Nokia's) Please edit this page to add a description… Large number of customers (Nokia's) When there are large numbers of customers, no one customer tends to have bargaining leverage.... Threat of New Competitors HIGH Strong distribution network required (Nokia's) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to... High capital requirements (Nokia's) High capital requirements mean a company must spend a lot of money in order to compete in the... Strong brand names are important (Nokia's) If strong brands are critical to compete, then new competitors will have to improve their brand... Advanced technologies are required (Nokia's) Advanced technologies make it difficult for new competitors to enter the market because they have to... Industry requires economies of scale (Nokia's) Economies of scale help producers to lower their cost by producing the next unit of output at lower... Patents limit new competition (Nokia's) Patents that cover vital technologies make it difficult for new competitors, because the best... Customers are loyal to existing brands (Nokia's) It takes time and money to build a brand. When companies need to spend resources building a brand,... High learning curve (Nokia's) When the learning curve is high, new competitors must spend time and money studying the market... Entry barriers are high (Nokia's) 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 nokia-s'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 nokia-s's most important five forces statements.