To the Future Businessmen,
Congratulations you have been doing really well and the plan for the new business is pitch-perfect. But you need to concentrate on your strategy assignment for now. The important part is, you need to make an assignment that beats your rivals (the peer group definitely) and win the game. You have made several strategies and plans to do so, but end up almost at the same place. Well, why not while preparing your strategy assignment you stick to the famous “Porter’s Forces” that have helped the big business houses in the game.
So, let Mr Porter extend his helping hand towards you and help you win the assignment writing game.
Porter’s 5 Forces of Strategy Management to Beat Your Rivals
Threat of New Entrance
The firm that earns profit attracts new entrants and its importance diminishes. Similarly, many students choose to add a lot of unwanted information around the main idea of the assignment. This ruins the significance of the main idea. The unwanted information also makes your professor disinterest in the work. So, it is better to keep the new entrants away and focus on the one idea that is going to reflect in profits.
Threat of Substitutes
As a new product hits the market, the best selling product in the same category loses its hold. Do not let the threat of a better topic deviate you from what you have already begun. Stay focused, work on the topic that you have already decided to write on. It is important that the assignment is very clear, first in your plans and then in the words you write.
Bargaining Power of Customers
The bargaining power of the customers reflects on the prices which forcefully goes down due to the customer ends ease such as the customer’s ability to put the firm under pressure. Don’t let your grades compromise because of your inability to find information around the topic. Work on research skills. Go to the library, ask your professor or search online. You’ll get ample information that would help you to make an informative strategy assignment.
Bargaining Power of Suppliers
At times the suppliers may refuse to help with the raw materials and the forms may face some troubles. Here the firms need to make sure they pick up the right suppliers to keep their business blooming. From Mr Porter’s strategy, all you need to do is understand that you have to reach to the right supplier. The right supplier here are the sources of information that you may consider. They need to be authentic and well-written so that you get the best results in no time. Reaching to authentic information sources adds to the understanding of the work and to the authenticity of the work where you can easily reflect the work that you have done.
Competitive Rivalry
It is important that you know what your rivals are working on to stand ahead of them. Coming up with a unique topic will definitely help you make your document a notch above others. But, wouldn’t that be amazing if you already know what your friend is working on and you prepare a document on something better. In the business world or in an academic career, it is healthy to have a good competition and excel.
Game Up.!
Now you know how in your strategy assignment you can take help of “Porter’s Five Forces” and make it a perfect one. It is important that you not only focus on the writing task but also on other aspects as coming up with unique ideas and other things. A read through this would help you devise a strategy for your assignment for now and your business in the future.
In case the strategy fails (that won’t happen surely), you can always reach to Instant Assignment Help Australia for the best writing services and win the grade game in no time.