Question: could i get help with porters five forces. im having a hard time explaining the comparisons. Now that you've completed the analyses of the automotive


Now that you've completed the analyses of the automotive manufacturing industry and the new industry, you are ready to wrap up Part 3 of this project. On this page, you will first explain how the two industries compare to one another. Then you'll explain how your findings address the problem your company is trying to solve. Compare the Two Industries Begin drafting the final part of Project One by explaining how the two industries compare to each other. To begin your comparison of the two industries, carefully review the summaries of the analyses you've conducted for both industries in the template below. The similarities and differences that you notice will be the basis of your explanation for this part of Part 3 New Industry Porter's Five Forces Automotive Manufacturing Industry Rivalry Among Existing Competitors High because Smart, connected products have the potential to shift rivalry. High because companies compete fiercely, there are often fewer rewards for firms that outperform others because prices will be driven down to match the competition Threats of New Entrants to the Market High because New entrants in a smart, connected world face significant new obstacles. The threat of new entrants is medium, this results in a situation where companies can protect market share and maintain prices relatively easily. Bargaining Power of Suppliers High because smart, connected products often introduce powerful new suppliers that manufacturers have never needed before. suppliers have a medium degree of power, this can lead to a focus on keeping prices low. Threat of Substitute Products Low because smart connected products can offer superior performance, customization, and customer value relative. Low because the cost of using one of these substitutes is much less expensive than purchasing new hybrid or electric motor cars. Bargaining Power of Buyers High because smart, connected products can increase buyer power by giving buyers a better understanding of true product performance. High because competitors offer a distinct product or service from the industry's primary good or service it is easy for customers to switch. Now that you've completed the analyses of the automotive manufacturing industry and the new industry, you are ready to wrap up Part 3 of this project. On this page, you will first explain how the two industries compare to one another. Then you'll explain how your findings address the problem your company is trying to solve. Compare the Two Industries Begin drafting the final part of Project One by explaining how the two industries compare to each other. To begin your comparison of the two industries, carefully review the summaries of the analyses you've conducted for both industries in the template below. The similarities and differences that you notice will be the basis of your explanation for this part of Part 3 New Industry Porter's Five Forces Automotive Manufacturing Industry Rivalry Among Existing Competitors High because Smart, connected products have the potential to shift rivalry. High because companies compete fiercely, there are often fewer rewards for firms that outperform others because prices will be driven down to match the competition Threats of New Entrants to the Market High because New entrants in a smart, connected world face significant new obstacles. The threat of new entrants is medium, this results in a situation where companies can protect market share and maintain prices relatively easily. Bargaining Power of Suppliers High because smart, connected products often introduce powerful new suppliers that manufacturers have never needed before. suppliers have a medium degree of power, this can lead to a focus on keeping prices low. Threat of Substitute Products Low because smart connected products can offer superior performance, customization, and customer value relative. Low because the cost of using one of these substitutes is much less expensive than purchasing new hybrid or electric motor cars. Bargaining Power of Buyers High because smart, connected products can increase buyer power by giving buyers a better understanding of true product performance. High because competitors offer a distinct product or service from the industry's primary good or service it is easy for customers to switch
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