In his 1970 article that appeared on the New York Times, American economist Milton Friedman discussed the social responsibility of […]
Markets
Porter’s Five Forces Analysis of Tesla
Tesla did not invent electric vehicles but it has succeeded in developing relevant technologies further to bring these vehicles to […]
SWOT Analysis of iPhone
The first generation of the iPhone was unveiled during the 2007 Macworld trade show. It was instrumental in ushering in […]
Types of Market Structures
Market structures represent the economic environment in which firms or businesses operate and compete with one another. A particular industry […]
Threat of New Entrants: Impacts and Factors
Michael E. Porter introduced the threat of new entrants as one of Porter’s Five Forces that shape the competitive environment […]
Bargaining Power of Suppliers: Impacts and Factors
The bargaining power of suppliers represents the specific forces stemming from the market of inputs that can affect a business […]
Monopolistic Competition: Advantages and Disadvantages
Markets considered under a monopolistic competition structure are common in market and mixed market economies. The smartphone market is a […]
Bargaining Power of Buyers: Impacts, Factors, and Examples
The bargaining power of buyers is one of Porter’s Five Forces that can help businesses and researchers determine the level […]
Porter’s Five Forces Analysis of OpenAI
OpenAI is at the forefront of some of the most important developments in artificial intelligence. It is responsible for developing […]
Cost Leadership Strategy: Definition, Dimensions, and Examples
Cost leadership is a position in which a business organization or firm achieves cost-efficiency that enables it to present itself […]