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Discussing Optus' Competitive Market Position by Using Porter's Five Forces Model

Project id 1005044
Subject area Biology
Document type Essay
Words 1967
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Discuss Optus' competitive market position by using Porter's Five Forces Model This essay will discuss Optus' competitive market position through the analysis of Porters Five Forces Model. Optus, Australia's second largest telecommunications company is situated in a constantly changing environment, easily illustrated by Porters Model. Introduction of Porters Five Forces Model Porters Five forces model is an analytical tool developed by Michael E. Porter in 1979 whilst he was studying at Harvard Business School. Understanding Ports Five Forces brings to light an industry's latest profitability and develops a framework for making educated calculations for anticipating and influencing the competition. Porter wished to create a universal framework which may be used in all industries like the automobile and performing arts industries. The model has five important components which highlights a market's competitive intensity and overall attractiveness. The strongest force or forces ascertain the profitability of the industry and form the foundation for the strategies that are employed by the business. The five components of the model are the amount of rivalry; the threat of new entry; the threat of new substitutes; buyer power and the supplier power. Porter describes the five forces as creating a significant framework for different industries such as the fierce rivalry and strong buyer power in the aircraft business but with relatively benign threat of entry, threat of substitutes and supplier power. Porter envisioned the model to extend the knowledge of Industrial Organisation. The forces explain how a company organises itself in order to satisfy the needs of the consumers with both quantity and quality, while at the identical time maintai...

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