To all my readers - so sorry for being out of touch! Thank you always for reading my blog! I have made a few changes to my blog. I am taking down my website and utilizing my blog instead of the site because it is easier to maintain. Look out for weekly updates coming soon … Continue reading Changes to My Blog
Well, it's the first Monday of 2015. It's also my first blog of 2015. In my last blog I wrote that Monday's will be good for all of us and that I will be writing weekly. So now I'm sharing how to make your weeks better - in terms of health, personally and professionally. This applies … Continue reading Coffee and Working Professionals
Natural Productivity = Emotional Intelligence + Passion + Healthy LifestyleProductivity and efficiency are the same. Look at the equation, where do you need to improve to be natural in your performance at work? Productivity comes naturally, either you do it or don't, stop trying so hard, and figure out what you need to do, and … Continue reading Equation for Natural Efficiency
The word creative is defined as having a good imagination or where original ideas came from. The discipline of HR so vast with different areas of opportunity allows for thinking beyond the box. This is where the idea of creativity is applied because the field of HR constantly changes and where new ideas come together. … Continue reading HR & Creativity
I actually want to start off by saying thank you to the Pingback’s from my last entry to the following: Pingback: Daily Leadership Thought #163 – Time Management Is Not Optional « Ed Robinson's Blog Pingback: Slovak Technical Services | Reminder Manager | Extended Reminders | Blogs | SoftOasis Pingback: Be Master of your Time | fuzzbytes Pingback: Managing … Continue reading “Thank You”
A good refresh on this model!
It was 1979 when a Harvard Business School’s professor Michael E. Porter developed Porter’s five forces analysis framework for industry analysis and business strategy development.
It may seem a little complex to many people, but we will try to understand it from a very different perspective, from a lay-man’s perspective 🙂
What are Porter’s 5 Forces?
To put it in the simple way Uncle Porter says that if you want to start a new business or analyze an existing one you must consider following 5 forces/factors in doing so:
- Threat of New Competition
- Threat of Substitute Product or Service
- Bargaining Power of Customers
- Bargaining Power of Suppliers
- Competitive Rivalry
A Lay-man’s Perspective – Example:
Okay enough business vocabulary; let’s understand the concept with an easy example. Assume that we want to start a business, say selling ice-cream on a cart (Thaelay wala). So what are the factors we…
View original post 476 more words