Analyzing the Pharmaceutical industry through Porter’s Competitive Forces Michael Porter presents the competitive forces that shape a firm’s or industries’ strategy to realize profits. According to Porter, competition goes further than industry rivals to include four other competitive forces which are, alternate products, customers, new entrants as well as suppliers. The emergence of newcomers leads to new capacity and a drive to acquire market share, which results to pressure on costs, prices as well as the investment rate needed to compete (Porter, 2008). In the case of the pharmaceutical industry, the end of patent protection sees new firms starting to sell generic copies of similar drugs but at a lower price. In the long-run, the revenue streams of the pharmaceutical firm responsible for innovating the drug start dropping. An example is the firm Pfizer, whose product Lipitor grossed in revenues of over $10 billion between 2003 and 2011 but dropped to $4 billion in 2012 after losing its patent protection in 2010. Suppliers, on the other hand, can leverage the power they have to create more value for themselves. Suppliers can…

The Main Obstacles in Achieving Workplace Gender Equality in the Casino Industry   CHAPTER 1 (700) Introduction The report by National Statistics posits that the aspect of gender disparity in any aspect of life has been a universal phenomenon over the decades in most parts of the world. Specifically, the statistics provide that 5,552 euros less compared to women working under the same condition and under fool time roles in 2016 (Brandt & Henry, 2012).  This data is generalized across the world, and the limitation that is brought gender disparity is widespread in many working platforms. Besides, research by the WEF (World Economic Forum) indicates that out of the 142 countries, none of them showed equality when it comes to gender equality (Pham-Thi et al., 2019). Many inequalities continue to dominate in the workplace as many employees continue getting subjected to unequal participation rates, biasness in payment and promotions procedures, discrimination daily, and in the representation of organizational positions. According to Brandt and Henry (2012), inequality in an organization can be as a result of subtle and overt, direct or…

How China’s apparel industry Fighting loss by Corona The Coronavirus has caused a global epidemic, and it seems to have its effects on many sectors beyond the health threats. Other countries connected with the Chinese borders have started to show their concern for this nCoV, and due to this, many sectors in China are struggling to stand still. This deadly virus has shaken the whole Chinese business, it exports, and we don’t see any mercy on the China’s apparel industry as well. China and its neighbors constitute the largest exporter of fashion goods and apparel and are home to the world’s most luxury fashion brands. The big fashion brands like Tencent and LVMH have donated millions of dollars to battle the coronavirus outbreak in APAC. Many fashion stores and industries and been shut down, and many industry fairs, exhibitions have been canceled or postponed, which has been started to show it’s effects on china’s economy as well. Fashion brands’ stores are temporarily shut in China International brands have started to shut down their outlets in Chinese cities for the time…

The industry life cycle Introduction The industry life cycle has affected the business strategy of apple in various ways.  Each stage in the product life cycle is a function of two things that is the time in the x-axis and sales on the y-axis. However, with the apple company, their products were kept high to maintain the exclusivity of ownership. The stages in any product’s life cycle vary; Apple is one company that has always generated a story. Still, a recent announcement from Apple suggests that the company is currently experiencing a problem. The reduced industry life cycle can affect the business strategy adversely for the firm over some time (Rothaermel et al., 2017). Growth By the time the product enters the growth stage, the consumers have already started building a good affinity towards the particular product. However, Apple did not seem to keep its product quality well maintained, not to let the consumers down. As far as growth is concerned, the company needed to spend more money on marketing now that its product had reached out to a broader…

Is Uber A Threat To The Taxi Industry? Introduction During its heydays in the late 90s and early 2000s, Blackberry was the king of the hill (inqu—). The company led the smartphone market, and as years passed by, they released new phones with updates and fresh features, which turned out to be good. The problem with Blackberry is that they did not focus on the consumer, which turned out to be a very big market place than anyone expected. Today Blackberry is just a name in the history of smartphones. With the rise of Uber, many questions are being raised if it is a threat to the taxi industry, but from history, Uber is not a threat. Uber is the next evolutionary step in the taxi industry, and anyone, a person or organization who don’t notice the impact of technology in the taxi industry will be left behind, just like Blackberry. Uber: The next evolution in the Taxi Industry In our world, the only constant thing is change; everything else changes — the same with the taxi industry. With the…

How can we use specialized carriers and forwarders for the best service and rates? With a quick search on the internet, you will learn that there are varieties of forwarders and carriers willing to ship your merchandise internationally. If you are new to international shipping, then you might be unaware of the importance of these entities in a successful business. The truth is your global business depends heavily on the choice you make on freight forwarders and carriers. A poor choice will deter you from making excellent logistics management. Having specialized carriers and forwarders ensure best services and excellent rates because of the following factors: They have a network of global agents Your shipment carriage from their origin to the destination port is entirely on freight forwarders and carriers. International shipping requires substantial logistics and having forwarders with a global network enables you to have your merchandise in good time. They keep the flow of communication Imagine making orders but having to wait for your products without any contact. Unsettling right? Specialized forwarders and carriers inform you about the condition…

current competitive manufacturing industry In the current competitive manufacturing industry, every company must employ strategies that will earn a competitive advantage in the market. The approach should help the company raise not only the revenue levels but also reduce production and overhead costs. For the case of Durango manufacturing company, the achievement of a 10% revenue increment within five years requires sound approaches that will improve efficiency, ensure continuous production, lower production costs, and that will eliminate production bottlenecks. This assertion is because; the current opportunities in the market come along with more significant threats. To navigate the industry well, the management requires specific specialized skills and abilities that can steer production to the next levels. Such skills and skills are discussed below. Practical managerial skills and knowledge Managerial skills refer to unique attributes or abilities that an executive member of an organization should possess to fulfill specific tasks in the organization. Since the managers are involved in numerous activities such as planning, and decision making, they require skills and knowledge to boost the performance of the company and to…

Vance Fundora, The Great Entrepreneur,  Is Entering The Speaking Industry Vance Fundora is one of the successful entrepreneurs of today. He founded the company Fundora Enterprises some years back, which is one of the leading marketing companies in the present day. The performance of this 22-year-old young man is truly an inspiration for the current generation. His worldwide popularity and specialization are remarkable. The objective of Fundora Enterprises is to pave the way for success for several businesses through outstanding marketing campaigns. However, besides marketing, Vance is an eminent speaker, too. His past records tell us that many people got influenced by his amazing motivational speeches and became successful in their respective fields. Vance announced recently that he is going to take a big leap into the speaking industry in 2020. This sudden revelation of his future plans has surprised many. It is a million-dollar question of why a successful digital marketing leader wants to try his opportunity in the speaking career. On being asked, Vance cleared out all the doubts in very words. He clarified that entering a new…

The macroeconomic conditions affecting the IT industry Unemployment: Unemployment is a significant macroeconomic factor that is gradually affecting the IT industry. The IT industry is losing its potentials due to lack of sufficient workforce resource. Unemployment is leading the IT industry to absolute devastation. Uncontrolled inflation: Uncontrolled inflation can string affect the IT industry. Uncontrolled inflation increases the price of technical equipment that poorly impacts o the profitability of IT organizations. Frequent fluctuation in interest rate: Frequent fluctuation in the interest rate affects the IT industry. IT organizations often fail to comply with the interest rate due to periodic fluctuation. The economic instability is the prime reason for the regular variation that requires a proper and market-based monetary policy to resolve the issue of helping the IT industry to survive.

INDUSTRY EXPERT IDEAS TO GIVE A LUXURY LOOK TO YOUR HOME WITH SIMPLE TRICK Glass is a versatile material when it comes to interior décor. Glass cabinets take on the versatility and uniqueness of glass to give the home a modern and luxurious look in an instant. Why should you upgrade your home cabinets with cabinet glass? Luxurious look Glass cabinets transform the look of the home from an everyday one to a luxurious one. Glass is a décor material that makes your home more welcoming and open. Cleans easily Compared to other furniture and décor materials like wood, glass is easy to keep clean. It does not stain as well, and a simple clean is enough to keep it shining. Variety of Styles When it comes to glass cabinets, there are lots of available styling options you can choose from. This makes it possible to make style choices and options that will complement the interior décor theme of the home. Image of a Bigger Space One benefit of glass used in interior décor is that it creates the image…