Porter s Five Forces Model Analysis Essay - 2575 Words

PORTER S FIVE FORCE MODEL ANALYSIS Name: Institution: Course: Date: Porter s Five Forces Model Analysis Introduction Porter’s five forces model was developed by Michael Porter in 1980 as a technique for industry analysis. An industry consists of a group of firms which are involved in the production of commodities which are close substitutes for one another. Essentially the five forces model provides corporations with a means of analyzing their fellow competitors within the market (Porter, 1998). It examines the strength of firms through five distinct competitive elements which collectively are key in determining the long-term profitability and competitiveness of firms within an industry. These forces or elements are: 1. Bargaining power of suppliers 2. Bargaining power of buyers 3. Threat of new entrants 4. Threat of substitutes 5. Rivalry amongst competitors Industry overview As is the case with other businesses, globalization of trade has led to a shift in the way in which businesses operate. In addition to their concerns for profitability, firms have to pay cognizance to other factors within both their internal and external environment so as to maintain competitiveness and overall relevance of organizational objectives and goal-setting (Palmer, 2011). Consequently, market success of multinational business appears dependent on the firms’ ability to maximize efficiency in all operations and the creation of new sources of revenue generating services so as toShow MoreRelatedAnalysis Of Porter s Five Forces Model1757 Words   |  8 Pagesand profits. Why is this so? FIVE FORCES MODEL Until recently, Porter’s Five Forces Model was the dominant theory applied to factors driving competitive forces in an industry. It hypothesizes that the level of competitive intensity within an industry arises from five specific sources in determining attractiveness of an industry to potential entrants. Porter developed Five Forces Analysis in response to SWOT analysis, a model he found too vague. In this economic model, while rivalry between competingRead MoreConduct Industry Analysis Of The Business Selected Using Porter s Five Forces Model Essay1750 Words   |  7 PagesSection B 1. Conduct industry analysis of the business selected using Porter’s five forces model Introduction to Porter’s five forces. Michael Porter s five forces model is in light of the comprehension that a corporate philosophy should meet the opportunities and dangers in the affiliation s external surroundings. Especially, forceful strategy should base on a cognizance of industry structures and the way they change. The Porter s Five Forces model is an outside looking in forte unit techniqueRead MoreIndustry Analysis Using Porter ´s Five Forces Model Essay1226 Words   |  5 Pages1.0 SECTION ONE: INDUSTRY ANALYSIS 1.1 Features of the Industry The automobile industry experienced intensive competition and low profitability in the past due to crisis. The ‘Five Forces’ model advanced by Porter is influential in its capability to designate many market conditions. This framework predicts the profitability of a market, it is a powerful tool for analysing industries, but firms should consider number of problems experienced when it is used. The major problem are to do with industryRead MoreAnalysis of Con Edison by Using Michael Porter`S Five Forces Model1154 Words   |  5 PagesUNIVERSITY OF NEW YORK LEHMAN COLLEGE ECONOMIC ANALYSIS FOR MANAGERS ANALYSIS OF CON EDISON BY USING MICHAEL PORTER`S FIVE FORCES MODEL INSTRUCTOR: MINE AYSEN DOYRAN STUDENT: Recep Maz What makes electric utilities (Con Edison) monopolistic and why? Support your answer by referring to AT LEAST 2 FORCES outlined in MICHEAL PORTER’S Five Forces of Analysis Historical facts about Con Edison Company I would like to giveRead MoreA Swot Analysis And Porter s Five Forces Model Of Industry Competition1535 Words   |  7 Pagesthis industry by using a SWOT analysis and Porter’s Five-Forces Model of Industry Competition. Finally, in the concluding paragraph, an answer as to how to deal with the slower growth in gaming revenues will be provided. Case Study – Casino Industry in 2011 Las Vegas and Atlantic City casinos are used in the case study due to them being the two most popular places for gambling in the country. In order to have a general picture of this industry, a SWOT analysis can be conducted. In StrategicRead MoreMichael Porter s Five Forces Of Competition For Starbucks1473 Words   |  6 PagesMichael Porter s Five Forces of Competition for Starbucks This Michael Porter s five force analysis of Starbucks coffee shows the intensity of the five strengths of the firm, and the bases of these powers. Starbucks coffee s prosperity shows its viability in tending to these outside elements in its industrial surroundings. However, this five forces investigation highlights current industry conditions that force present and developing concerns significant to Starbucks Coffee s business. FollowingRead MoreThe Usefulness And Limitation Of Porter s Five Forces Framework1445 Words   |  6 PagesThe usefulness and limitation of Porter’s Five Forces Framework Introduction Porter’s five forces is a framework, which was developed by Michael Porter of Harvard Business School in 1979, was widely used in different industries for structural analysis and corporate strategy formulation (Wu, 2012). Porter’s five forces model is considered to be a basic idea to analyze the rules of competition in an industry and stress the important elements for the purpose of achieving a long-termRead MoreThe Usefulness And Limitation Of Porter s Five Forces Framework1498 Words   |  6 Pages I The usefulness and limitation of Porter’s Five Forces Framework Introduction Porter’s five forces is a framework, which was developed by Michael Porter of Harvard Business School in 1979, was widely used in different industries for structural analysis and corporate strategy formulation (Wu, 2012). Porter’s five forces model is considered to be a basic idea to analyze the rules of competition in an industry and stress the important elements for the purposeRead MorePorter s Five Force Analysis1465 Words   |  6 PagesMichael Porter s five force analysis of Starbucks coffee shows the intensity of the five strengths of the firm, and the bases of these powers. Starbucks coffee s prosperity shows its viability in tending to these outside elements in its industrial surroundings. However, this five forces investigation highlights current industry conditions that force present and developing concerns significant to Starbucks Coffee s business. Following are the five forces of Michael Porter s model. These five forcesRead MoreMichael Porters Five Forces Of Competition For Starbucks1452 Words   |  6 PagesMichael Porter s Five Forces of Competition for Starbucks This Michael Porter s five force analysis of Starbucks coffee shows the intensity of the five strengths of the firm, and the bases of these powers. Starbucks coffee s prosperity shows its viability in tending to these outside elements in its industrial surroundings. However, this five forces investigation highlights current industry conditions that force present and developing concerns significant to Starbucks Coffee s business. Following

Growing-Up Explored in Banana Yoshimoto’s Kitchen Essay

Growing-Up Explored in Banana Yoshimoto’s Kitchen The first time I read Kitchen, I knew I was experiencing something very special. Not since my initial reading of Catcher in the Rye have I witnessed such a perceptive look at the joys and pains of growing up. These coming-of-age novels capture our attention with plots that, while twisting and turning in creative, off-beat ways, remain believable. The writers of these novels tell us their stories with a subtle style more exciting than that of textbooks and assigned reading, a style not unlike a good one-sided conversation. Finally, within this great style of writing, the authors infuse honest insights, often humorous and sometimes poignant, which do not carry a lecturing or†¦show more content†¦Guess what else--shes a man. He could barely contain his amusement. This was too much. I just stared at him in wide-eyed silence. I expected any second he would say, Just kidding. Those tapered fingers, those mannerisms, the way she carried herself... I held my breath remembering that beautiful face; he, on the other hand, was enjoying this (p. 13). Later, when Mikage recounts the time Eriko shared with her the importance of a particular pineapple plant, eyebrows may be raised as the words In this world, tonight, only the pineapple and I understand each other are read. (p. 81) As strange as they sound out of context now, these words are actually moving when you have already learned the meaning Eriko placed on the plant. Yoshimoto arranges unique scenarios such as these in expressive ways that, in the hands of less talented authors, would otherwise appear simply ridiculous. She touches young adults because she is able to bring realism to these strange stories. Once the reader has accepted her unique storyline, he is drawn to her subtle writing style. There is no doubt that Yoshimoto is proficient at setting the scene. Chilled-looking people walking along the riverside, the snow beginning, faintly, to pile up on the roofs of cars, the bare trees shaking their heads left and right, dry leaves tossing in the wind (p. 103). At times, the Japanese life she describes seems familiar. What is more important in a coming-of-age

ASBH Clinical Ethics Consultation System †MyAssignmenthelp.com

Question: Discuss about the ASBH Clinical Ethics Consultation System. Answer: Introduction: The essay deals with the case study of Henry that involves the ethical dilemma pertaining to two different roles. The aim of the essay is to establish clear perspective on the issues identified from the case study and recognise the own alternative perspective. Further the essay discusses the ethical issues from the perspective of human dignity that needs to be respected, code of ethics, professional standards, ethical theory, and the principles of health care ethics. Lastly, the essay recommends the strategies for professional practice. In the given case study, Henry is a physiotherapist for 8 years and work along with the orthopaedic surgeons, a podiatrist, a rheumatologist, a radiologist, and a massage therapist. He has been treating the Jim, a 73 year old man, following bilateral knee replacements. After Jim showed little improvement in mobility his wife complaint to Henry that Jim is not following the exercise program at house. Henry decided to discontinue the treatment of Jim and suggested to refer the message therapist. However, Sally the practice manager perceives this act of Henry would lead to loss of organisations reputation. On the other hand, he informs Sally that one of the surgeons arrives at the workplace in drunken state. He comes smelling alcohol even during surgery. Sally is working on this matter. In the given case study the ethical issues at stake are beneficence of patients and maleficence, breach of code of conduct, human rights, professional standards and clinical negligence. From an alternative perspective, it can be said that Henry has met other criteria of ethical framework that is prioritisation (Bryant et al., 2014). He considered other awaiting patients to be his first priority instead of Jim. This decision is in accordance with ethical framework but keeps other ethical issues at stake. From the perspective of the Physiotherapist, discontinuing the treatment of Jim by Henry can be called a clinical negligence. According to Breen Weisbrot (2015), negligence is the breach of the duty of care, which may cause damage to the patients health. It may lead to claims against the physiotherapist. Discontinuing the treatment of Jim may have adverse consequences as Jim had not completely recovered. He needs greater attention till his mobility has increased. Referring to massage therapist at this stage may increase the rate of complication. Henry should have first conducted the assessment of Jim to know the condition of his knee and reason for patients unwillingness to perform exercises. Henry in the quest to attend other awaiting patients neglected the care for Jim. It may worsen the Jims condition. It can be interpreted that the ethical principle of beneficence was no followed by Henry. According to Butts Rich (2015), beneficence is the action that promotes the well being of the patients. Henry did not serve in the best interest of the patient. Henry also seems to breach the ethical principle of non-maleficence because without evaluating the need of massage therapist, he discontinued the treatment. According to Tarzian et al. (2015), non-maleficence is the use of treatment that does no harm the patient. The act of surgeon arriving at the workplace smelling alcohol is the breach of the code of conduct for doctors in Australia developed by the Medical board. The code of conduct and professional standards emphasise on professional behaviour of surgeons and doctors that demonstrates trust and respect to the patients (Medicalboard.gov.au., 2017). Doctors must not cross their professional boundaries. However, attending the work in drunken state involves a high chance of patient injury such as wrongful amputation, incorrect diagnosis, waking up during anaesthesia and others. Such injuries may lead to death of patient instead of promoting the well-being. It indicates the breach of the duty to take care of the patient. This harm could be avoidable as the treatment may be conducted by the intoxicated surgeon irrationally and that may be called for liability. It may lead to law suits and loss of hospital reputation by this kind of clinical negligence. Therefore, the ethical principles of nursi ng like beneficence, and non-maleficence are at stake in this case. Henry too breached the code of conduct of physiotherapists by not incorporating the safety and risk management of the patient. He denied the Jims access to physiotherapy that demonstrates lack of responsibility to attain optimal heath outcomes (Physiotherapy.asn.au, 2017). From an alternative perspective, it can be said that what Henry did was an outcome of prioritisation. According to Nord Johansen (2014), priority setting is an important aspects of the heath care setting. In the primary health care, prioritisation is necessary as it have significant implications for health care costs and the clinical outcomes. Medical professional prioritises the patent care, depending on the severity of the health condition, cost effectiveness and the patients benefits. In this respect it can be said that Henry may have perceived Jims conviction to be less severe when compared to his other awaiting patients. He may have been in situation where he wanted to balance the patients demands, with the expanding need of the preventive care of the chronic conditions. It is also the part of the ethical framework. In regards to this alternative perspective it can be said that Henrys decision demonstrates ethical behaviour (Grace, 2017). According to the Universal Declaration of Human Rights(1948), medical professionals are ethically obliged to protect the human rights and the dignity taking into account their vulnerability (Yamin Norheim, 2014). In case of Henry, informed consent should have been taken. It is the right of the patient, to know about the pros and cons of the choice of the treatment. Jims consent was not taken before referring him to the massage therapist. On the other hand, Henry respected the rights of the other patients who appear to be in serious need of care when compared to Jim. However, Surgeon is disrespecting the community members and is acting against the professional integrity. Making mistakes in the patient care under the influence of alcohol is the breach of the code of conduct. It will create a culture of fear where the patients would fear seeking medical help. Since patient safety is at stake due to such patients, it can be said to breach the patients rights to healthy and safe environm ent (Hall Bobinski, 2014). As per my future professions code of conduct, which is nursing, there are eight code of ethics to be implemented in practice. The most appropriate one to discuss the ethical issues indentified in the case study includes the Nurses value respect and kindness for self and others, informed decision making, culture of safety in nursing and health care, and lastly value a socially, economically and ecologically sustainable environment promoting health and wellbeing (www.nursingmidwiferyboard.gov.au, 2017). Performing surgeries under the influence of the alcohol intoxication is not called valuing the patients dignity. Mistakes in surgeries may lead to patent death. It is not the act of respect and kindness of self and others. This act of surgeon does not also demonstrate creating the culture of safety or ecologically sustainable environment. Henry did not make the informed decision by consulting with Jim. He discontinued the treatment simply based on Information given by Jims wife that the re is little improvement in mobility. Despite knowing that Jim had stopped exercising for his knees, Henry did not conduct any risk assessment. It does not promote the well being of the patients as per the code of ethics for nurses in Australia. In nursing profession, it is crucial to recognise the powerful contribution of human rights in improving the health outcomes. Nurses are obliged to recognise, and respect the human right to promote the well being of the patients to the highest attainable standards of the health (Nursingmidwiferyboard.gov.au, 2017). In this aspect it can be said that the Surgeon was neglecting his professional duties and as working in a manner that increases the vulnerability of the patients. According to Utilitarian theory, an action is weighed by the greatest amount of good it brings. As per this theory if an action leads to welfare, safety and happiness, then it can be called an ethical action (Chadwick Gallagher, 2016). Considering the action of the surgeon in the case study, performing duty of care under the influence of alcohol does not seem to generate the greatest good. Instead, it holds harmful consequences. Similarly, Henrys decision to discontinue the treatment, without even evaluating the patients knee condition does not seem to be an act that generates greatest good. Henry may have felt that referring Jim to massage therapist may enhance the mobility issues. In that way, Henry can care for other patients whose needs are of greatest priority to him. It will promote well being of both Jim and other awaiting patients. However, Henry should have well assessed the harms and consequences of his decision. Overall, it can be said that the action of the surgeon cause s the ethical issues to be at stake more than the actions of Henry. There are various strategies to overcome the ethical issues at stake. In the context of nursing code of profession standards in Australia, it is necessary to practice in safe and competent manner. Health care decision should be taken in accordance with the standards of profession. It is recommended to take any action in health care after explaining the patient about the alternate care and highlighting its advantages and disadvantages. It will help the patients to make healthy choices (Parahoo, 2014). It is recommended for the health care providers to reach out to the seniors and mentors to seek assistance on handling of ethical issues. Further, in case of breach of code of professional conduct, the organisation must impose a strict penalty such as cancelling licence or suspending from work. Such disciplinary action is applicable for surgeon in the case study. The hospitals must participate in sponsoring the ethics journal and books club to focus more on ethics. Further, regular audit ing is required in hospitals to ensure that the practioners are maintaining the code of ethics. In the health care, ethics and the quality of care are the main drivers for health care organisation. In the essay, both surgeon and Henry although have different roles as the health care professionals, have performed actions for which the ethical issues such as patient dignity, beneficence, maleficence and human rights were at stake. From the perspective of nursing code of ethics, professional standards and the utilitarian theory, the actions of surgeon in the case study was unethical. This type clinical negligence can cause patient harm and death. Henry on the other hand, performed his duty of care by priority setting but fail to address the physiotherapy needs of Jim. The ethical issues can however be addressed by following the code of ethics strictly and the organisation is recommended to have stringent policy against act of clinical negligence and unethical behaviour. References Breen, K. J., Weisbrot, D. (2015). Medical negligence system must change.The Medical journal of Australia,202(11), 574-575. Bryant, J., Sanson-Fisher, R., Walsh, J., Stewart, J. (2014). Health research priority setting in selected high income countries: a narrative review of methods used and recommendations for future practice.Cost Effectiveness and Resource Allocation,12(1), 23. Butts, J., Rich, K. (2015). Foundations of Ethical Nursing Practice.Role Development in Professional Nursing Practice,117. Chadwick, R., Gallagher, A. (2016).Ethics and nursing practice. Palgrave Macmillan. Grace, P. J. (2017).Nursing ethics and professional responsibility in advanced practice. Jones Bartlett Learning. Hall, M. A., Bobinski, M. A. (2014).Health care law and ethics. Wolters Kluwer Law Business. Medicalboard.gov.au. (2017).Medical Board of Australia - Good medical practice: a code of conduct for doctors in Australia.Medicalboard.gov.au. Retrieved 20 October 2017, from https://www.medicalboard.gov.au/Codes-Guidelines-Policies/Code-of-conduct.aspx Nord, E., Johansen, R. (2014). Concerns for severity in priority setting in health care: A review of trade-off data in preference studies and implications for societal willingness to pay for a QALY.Health Policy,116(2), 281-288. Nursingmidwiferyboard.gov.au. (2017).Professional standards.www.nursingmidwiferyboard.gov.au. Retrieved 20 October 2017, from https://ww.nursingmidwiferyboard.gov.au/Codes-Guidelines-Statements/Professional-standards.aspx Parahoo, K. (2014).Nursing research: principles, process and issues. Palgrave Macmillan. Physiotherapy.asn.au. (2017).APA Code of Conduct.www.physiotherapy.asn.au. Retrieved 20 October 2017, from https://www.physiotherapy.asn.au/DocumentsFolder/APAWCM/The%20APA/Governance/Code_of_Conduct_V2013.pdf Tarzian, A. J., Wocial, L. D., ASBH Clinical Ethics Consultation Affairs Committee. (2015). A code of ethics for health care ethics consultants: journey to the present and implications for the field.The American Journal of Bioethics,15(5), 38-51. www.nursingmidwiferyboard.gov.au. (2017).Code of Ethics for Nurses in Australia.www.nursingmidwiferyboard.gov.au. Retrieved 20 October 2017, from https://www.nursingmidwiferyboard.gov.au/search.aspx?q=code%20of%20ethics%20for%20nurses/5_New-Code-of-Ethics-for-Nurses-August-2008.pdf Yamin, A. E., Norheim, O. F. (2014). Taking equality seriously: applying human rights frameworks to priority setting in health.Human Rights Quarterly,36(2), 296-324.