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Indian IT sector. GROUP MEMBERS:-. Himasweta P attanaik Lopamudra Panigrahi Sunil kumar Panda Soumya sucharita Bastia K.vinod kumar Rupsa bhatacharjee. M ilestones :- . M ilestones contd … . Industry today.
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Indian IT sector GROUP MEMBERS:- • HimaswetaPattanaik • LopamudraPanigrahi • Sunil kumar Panda • Soumyasucharita Bastia • K.vinodkumar • Rupsabhatacharjee
Industry today “Sony is one of the most important companies in the world of business”
Hardware • TV & Audio Equipment • Mobile Phones & Music • Movie & Video Equipment • Financial Services Product Range • Gaming • Computer
Threats of new entrants Porter’s five forces analysis Time and cost of entry Specialist knowledge Economies of scale Cost advantages Technology and protection Barriers to entry
Barriers to Entry Threat of New Entrants (Low) Economies of Scale Product Differentiation Capital Requirements Switching Costs Technology, Know-how and Innovation Government Policy
Suppliers exert power in the industry by: *Threatening to raise prices or to reduce quality *Powerful suppliers can squeeze industry profitability if firms are unable to recover cost increases Bargaining Power of Suppliers (Low) • Number of suppliers • Size of suppliers • Uniqueness of services • Your ability to substitute • Cost of changing
Buyers compete with the supplying industry by: * Bargaining down prices * Forcing higher quality Bargaining Power of Buyers (Rather High) • Number of customers • Size of each order • Differences between competitors • Price sensitivity • Ability to substitute • Cost of changing
Products with similar function limit the prices firms can charge Threat of Substitute Products (Low) • Substitute performance • Cost of change • For example: • Digital Camera in the place of Film Camera • Fax machines in place of overnight mail delivery
Competitive rivalry Competitive rivalry(high) • Number of competitors • Quality differences • Other differences • Switching costs • Customer loyalty • Costs of leaving market
Conclusion:- • After analyzing all the above information, it can be concluded that:- • Hardware industry is doing tremendously good in the it sector, introduce innovative technology, continuous improvements for gaining market share and competitive position in the market. • Industry’s top business priorities its lower costs, IT systems/technology improvements, Increase business growth, Improve efficiency, Customer service improvements. • Company is focusing its strategies to achieve all these business priorities by adjusting and optimizing product line, enhancing high end service