According to Michael Porter's Five Forces model, why do some firms earn higher profits than other firms?

Question:

According to Michael Porter's "Five Forces" model, why do some firms earn higher profits than other firms?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Strategic Management Concepts and Cases

ISBN: 978-1118976586

1st edition

Authors: Jeffrey H. Dyer, Paul Godfrey, Robert Jensen, David Bryce

See More Books

Question Posted: May 08, 2017 12:01 PM

See More Questions

Why do some firms now think in terms of value webs instead of value chains?
Why do some firms measure customer profitability? In what situation(s) would a firm not want to measure customer profitability?
Why do firms hold cash balances? Why do some firms hold larger cash balances than other firms?
Can someone please help me with this problem, thanks inadvance! Chuck, a single taxpoyer, earns $ \$ 75,500 $ in taxable income and $ \$ 10,700 $ in interest from an investment in City or Hefin...
Three major segments of the transportation industry are motor carriers, such as YRC Worldwide; railroads, such as Union Pacific; and transportation arrangement services, such as C.H. Robinson...
You work for Microsoft Corporation (ticker: MSFT), and you are considering whether to develop a new software product. The risk of the investment is the same as the risk of the company. a. Using the...
Consider a GB2 probability density function given in equation (17.3). a. Reparameterize the distribution by defining the new parameter $\theta=e^{\mu}$. Show that the density can be expressed as...
Georgia Orchards produced a good crop of peaches this year. After preparing the following income statement, the company is concerned about the net loss on its No. 3 peaches. In preparing this...
Considering pure water at 15.6 C, determine the density and bulk modulus from Table 1.6. From Appendix C, determine the value of standard atmospheric pressure at sea level elevation. Using both...
1. Complete pages 1 and 2 of Form 1040 for Marc and Michelle. 2. Complete Schedule 1 of Form 1040 for Marc and Michelle. (use the most recent form available). Form 1040: Not sure if correct? Schedule...
Who is ultimately responsible for a company's strategy? Who does this individual (or individuals) call upon for help in formulating strategy for the firm?
What are resources and capabilities, what is the difference between them, and why do firms need to assess them?
What are the three main components of the cash budget?
Which of the following will happen as a result of the collision in the exercise 13? Support your answer with numbers. a. The shell will bounce off without denting the armor plate. b. The armor plate...
Since 2013, Japan has been struggling to raise the countrys inflation rate from about 0 percent to 2 percent. According to an article in the Wall Street Journal, Japan aimed to raise its inflation...
What does the payback method use to rank projects? a. How long the invested money is at risk b. The relative size of the potential profit c. The number of years the well will be producing d. The size...
In project analysis, which method(s) do not permit the ranking of several competing investment options? a. Payback method b. Accounting rate of return c. Net present value d. Internal rate of return...
Stephens Company operates a single field in Wyoming in which it has a 48% working interest. The remainder of the working interest is held by another oil company. The field went onto production in...
One way to measure blood flow when blood vessels are exposed during surgery is to use an electromagnetic flowmeter. This device surrounds the blood vessel with an electromagnet, creating a magnetic...
What mass of H2 will be produced when 122 g of Zn are reacted? Zn(s) + 2HCl(aq) ( ZnCl2(aq) + H2(g)
More learning about social value and entrepreneurship. 1. Identify a social-value organization near your university or community. Research this organization and try to interview one or more leaders...
Personalizing your line of sight. 1. Create your own line of sight measure. Are you doing the most important things to move your strategy forward? Which activities contribute most, and what measures...
Understanding change. 1. Think about two change efforts you have been a part of, one that succeeded and one that did not. What did success mean? Use the three-step model of change and the eight key...
Two point charges with values of 4.0 microcoulombs and 6.0 microcoulombs, respectively. One of them was placed at the coordinate center and the other at the point (0.5 m,0 m) in the x,y plane. Find...
A 300 L tank full of air needs to be drawn to vacuum using a vacuum pump. The air can be considered an ideal gas. The molecular weight of air is 29 g/mol. Initially the tank is at atmospheric...
You DRY STOP BUS DEEP PUDDLE V= 1.71 M/S 6 METERS VERY WET DRY 10.4 METERS V=2.4 M/S 1. Note the information on the diagram. You must be on time for a very important office presentation that will...

According to Michael Porter's Five Forces model, why do some firms earn higher profits than other firms?

Question:

Step by Step Answer:

Firms with higher profits may be in a more profitable industry that has higher average profi...View the full answer

Strategic Management Concepts and Cases

Students also viewed these Management Leadership questions