ADMS 1000 Chapter Notes - Chapter 5: Bargaining Power, Dollarama, Swot Analysis

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Len Karakowsky

Document Summary

A comprehensive and integrated plan that states how the organization will use its resources in the pursuit of its mission and objectives. An industry is a group of firms with similar resource requirements in raw materials, labour, technology, customers. E. g the airline industry; the beer brewing industry. The five-forces model attempts to evaluate the attractiveness of an industry. Of prescriptive model developed by michael porter that allows for the systematic assessment of the industry environment. New entrants bring new capacities; desire to gain market share, and substantial resources and capabilities. Spreading the costs of production over the number of units produced, which can provide incumbent firms with cost advantages that create a barrier to entry for new entrants. Costs both monetary and psychological associated with changing from one supplier to another from a buyer"s perspective. Cost disadvantages independent of scale: bargaining power of suppliers.