120 likes | 332 Views
The New Dynamics Of Competition. Michael D. Ryle Presented By: Hassaan I. Sheikh 10-4663 Mohsin Ali Zaka 10-4624. Michael D. Ryall is an associate professor of strategy at the University of Toronto’s Rotman School of Management. Gist. Initial Breakthrough Excitement Innovation
E N D
The New Dynamics Of Competition Michael D. Ryle Presented By: HassaanI. Sheikh 10-4663 Mohsin Ali Zaka 10-4624
Michael D. Ryallis an associate professor of strategy at the University of Toronto’s Rotman School of Management.
Gist. • Initial Breakthrough • Excitement • Innovation • But the thing is sustainability
approach • Portar’s 5 Forces 1979 • Value Based Business 1996 • Which ones better?
Approach. • 5 forces more qualitative • VCM more quantitative
Porter's 5 forces • Threat of new entrants • Threat of substitutes • Threat of rivals • Bargaining power of buyers • Bargaining power of suppliers
VCM • Only one force of competition • Transparently in multiple directions • Suppliers compete for firms • Firms compete for customers • The greater the intensity the greater the chance of value creation
Conclusion • Both models have their own significance • Even the VCM model is outdated • Advancement in technology allows you to carefully monitor and measure the results. • ERP systems.