You’ve decided the industry is mature. That means it has reached a point of market saturation. As a new player, you’ll need to t

Question

1 year ago

15

You’ve decided the industry is mature. That means it has reached a point of market saturation. As a new player, you’ll need to t

ake marketshare from the established players. Which competitive force do you identify as one the leaders must address to attack FedEx, UPS, and USPS?

Business

1 answer:

OlgaM077 [116] · Answer 1 · 2024-01-10T22:11:45+03:00

Answer:

intensity of rivalry

Explanation:

You answer this question based on Porter's Five forces model. This model is used to analyze how stiff competition is in a given industry. It includes, threat of new entrants, bargaining power of suppliers, bargaining power of buyers, intensity of rivalry and threat of substitute goods. In this case, the leaders must address the intensity of rivalry because the market is already saturated with those three big companies. Therefore, your company must evaluate level of homogeneity of products that already exists, consumers' switching costs and brand loyalty to come up with a competitive strategy.