CHAPTER THREEPurpose: To discuss the Porter Five Forces Model. Assignment: TWO PAGE analysis of the...

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CHAPTER THREEPurpose: To discuss the Porter Five Forces Model. Assignment: TWO PAGE analysis of the following –1. What are the competitive dynamics of your industry?2. Can you discuss the external environment within the context of your company’s industry and macroeconomic environment?3. Use the Porter Five Forces model to describe the characteristics of your company’s external environment. It is important that you describe a real, specific example. You can use your company’s situation for this analysis. If you are not currently employed, you may describe a former employer or company. If security concerns preclude discussion of your current or former company, an example from the business press is acceptable.Required reading materials to include Chapter Three from the textbook and both of the Harvard Business Review articles assigned in Unit Two. (ATTACHED)

Tanmoy · Accepted Answer

Porter’s Five Forces Model		4
PORTER’S FIVE FORCES MODEL
Table of Contents
Introduction	3
Analysis	3
Conclusion	5
References	6
Introduction
	 In this report I will discuss on the competitive dynamics with respect to the airlines industry which has suffered the most during and post covid-19. Further, there are very few numbers of competitors in this sector as most of the airlines companies delivers almost similar services and are also dominated by few large airline companies. The external environment of the airlines industry is highly structured and regulated as there are few airports and routes in which the airlines flies. We will evaluate the airline industry in detail with the help of Porter’s five forces model. 
Analysis
	 The competitive dynamics of airline industry is that they are dominated by few large airliners and are highly regulated by norms of federal government and aviation departments. Also, as per the Porter’s Five Force Model, the airlines industry can be described as an oligopoly where there are a few airlines companies which competes with one another and dominates the airline industry for few customers who book flights. Further, there are very few competitors and high entry barriers. This makes the new airlines companies or the new entrants very difficult to enter the airline industry. It is the regulated environment of the airline industry and it is due to this reason it is referred to as oligopoly market. It is due to this reason the large airlines companies have a competitive advantage over the smaller ones. In terms of external environment,

CHAPTER THREEPurpose: To discuss the Porter Five Forces Model. Assignment: TWO PAGE analysis of the following –1. What are the competitive dynamics of your industry?2. Can you discuss the external...

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