Give an introduction to the fashion industry, and analysis of the company: LVMH using Porter’s Five Forces Model: Students need to explain as much as possible about each one of the 5 forces including:,Introduction to the fashion industry, and analysis of the company,Give an introduction to the fashion industry, and analysis of the company: LVMH ,using, Porter’s Five Forces Model: Students need to explain as much as possible about each one of the 5 forces including:, a) Rivalry among existing competitors – high or low? Why?, b) Threat of New Entrants – high or low? Why?, c) Threat of Substitute Products and Services – high or low? Why?, d) Bargaining Power of Suppliers – high or low? Why?, e) Bargaining Power of Buyers – high or low? Why?,In regards to competitors, after giving general information about the specific competitors, students need to give as much information about the main competitors (based on the ones that make 50% of the market share, for example)., ADDITIONAL WEBSITE SOURCES FOR RETRIEVING FACTS AND STATISTICS, Firstly, IBIS World.com,Secondly, Bls.gov (US Department of Labour),Thirdly, Business.com,Fourthly, Census.gov,Further, Cia.gov (industry specs, market shares, growth rates),Additionally, Regis.com,Moreover, Factiva (select “search by industryâ€),Also, Google finance,Besides, Hoovers.com,Lastly, US Industry and Trade,More details;,Porter’s Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry’s weaknesses and strengths. Five Forces analysis is frequently used to identify an industry’s structure to determine corporate strategy.,Feb 22, 2020,What is Porter’s 5 Forces Analysis example?,Five Forces Analysis Live Example,The Five Forces are the Threat of new market players, the threat of substitute products, power of customers, power of suppliers, industry rivalry which determines the competitive intensity and attractiveness of a market.,Why is Porter’s five forces important?,Porter’s Five Forces Analysis is an important tool for understanding the forces that shape competition within an industry. It is also useful for helping you to adjust your strategy to suit your competitive environment, and to improve your potential profit.,Attachments,Click Here To Download,
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