Give an introduction to the fashion industry, and analysis of the company: LVMH using Porterâ€™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, Porterâ€™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 â€“ high or low? Why?, b) Threat of New Entrants â€“ high or low? Why?, c) Threat of Substitute Products and Services â€“ high or low? Why?, d) Bargaining Power of Suppliers â€“ high or low? Why?, e) Bargaining Power of Buyers â€“ 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 â€œsearch by industryâ€),Also, Google finance,Besides, Hoovers.com,Lastly, US Industry and Trade,More details;,Porterâ€™s Five ForcesÂ is aÂ modelÂ that identifies and analyzesÂ fiveÂ competitiveÂ forcesÂ that shape every industry and helps determine an industryâ€™s weaknesses and strengths.Â Five Forces analysisÂ is frequently used to identify an industryâ€™s structure to determine corporate strategy.,Feb 22, 2020,What is Porterâ€™s 5 Forces Analysis example?,Five Forces AnalysisÂ LiveÂ Example,TheÂ Five ForcesÂ 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 Porterâ€™s five forces important?,Porterâ€™s Five ForcesÂ Analysis is anÂ importantÂ tool for understanding theÂ forcesÂ 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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