Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Smith & Wesson: Porters Five Forces Industry Analysis
Supplier Power:
Strength of Power: Weak.
The key suppliers for Smith & Wesson are likely to be companies that provide raw materials such as steel and other metals, plastics, and other components for the firearms industry. These suppliers are likely to be numerous and not highly concentrated. Additionally, there are likely to be alternative sources of supply available. Furthermore, switching costs are likely to be low since many of the inputs required for the production of firearms are commodities (Dobbs, 2014).
Concentration: Low. Suppliers in this field are relatively plentiful and abundant.
Importance of suppliers products: Moderate. With lockdowns and supply chain snarls, supplier power has increased, but there is still competition among suppliers that keeps prices from being high (Sarkar et al., 2022).
Switching costs: Low
Availability of alternative sources: High
Buyer Power:
Strength of Power: Weak.
The buyers in the firearms industry are likely to be law enforcement agencies, military organizations, and consumers. In terms of law enforcement and military customers, they have significant buying power since they are likely to be purchasing in large quantities. However, consumers are less likely to have significant bargaining power since the demand for firearms is typically high, and there is not much variation in the products offered. Furthermore, switching costs are likely to be low, and brand...…where 3D gun printing materials and regulations could have a big impact, especially for the do-it-yourself consumer (Blackman, 2013).
Entry barriers: High, due to regulation and licensing requirements, significant capital investment, and competition.
Examples of entry barriers: Regulations, high fixed costs, and brand recognition.
Rivalry:
Intensity of Rivalry: Strong.
The firearms industry is highly competitive, with many players vying for market share. Competitors are concentrated, and there is substantial differentiation in terms of product offerings, quality, and brand recognition. The industry is also sensitive to macroeconomic factors such as changes in legislation and social attitudes towards firearms.
Concentration: High
Differentiation: High
Non-Competitive Market Power:
There are no significant segments of the external environment that have…
References
Blackman, J. (2013). The 1st Amendment, 2nd Amendment, and 3D printed guns. Tenn. L.
Rev., 81, 479.
Dobbs, M. E. (2014). Guidelines for applying Porter's five forces framework: a set of industryanalysis templates. Competitiveness review, 24(1), 32-45.
Henning, R., & H. Witkowski, T. (2013). The advertising of E. Remington & Sons: the creationof an iconic brand, 1854-1888. Journal of Historical Research in Marketing, 5(4), 418-448.
Jacobs, J. B., & Haberman, A. (2017). 3D-printed firearms, do-it-yourself guns, & the SecondAmendment. Law and contemporary problems, 80(2), 129-147.
Sarkar, P., Mohamed Ismail, M. W., & Tkachev, T. (2022). Bridging the supply chain resilienceresearch and practice gaps: pre and post COVID-19 perspectives. Journal of Global Operations and Strategic Sourcing, 15(4), 599-627.
Power and Organizations a Case Study Power and Organizations: A Case Study Who is in charge is a huge element that determines the organizational structure of a company. Part of understanding this notion is examining the bases of power and the delicate balance between dependency and power. The bases of power are important in understanding the organizational structure of a company and how its leadership delegates authority over the subordinates and other
Pluralism is a theory that states "…groups with shared interests influence public policy by pressing their concerns through organized effort." (Edwards, 2010, p.14) and the many linkage groups across America would seem to indicate that this theory is being carried out in practice as opposed to the hyper-pluralist theory in which pluralism runs wild and no one can agree with anyone else. Those institutions that can become organized in
Power and Weakness Robert Kagan's 2002 article entitled "Power and Weakness" which appeared in the journal Policy Review is a fine example of an argument that takes advantage of its assumptions without discussing them. The purpose of this essay is to critically analyze this source which represents a sustained reflection on the detractions, merit and implications of the author. This essay will first summarize the article by discussing the explicit and
Power Elite Then and Now A half-century after it was written, C. Wright Mills's The Power Elite remains relevant to American society. Mills's analysis of the ways in which powerful people in different sectors of society share economic interests and so share concepts and access to power remains true of the United States now. We can see many of the same dynamics at work in this election year, for while some of
However owners of this people were highly prohibited to mistreat them as it was against the customary law of the community to do so. The following is the list of the title given to different people in Lao community depending on their job and duty performed in the community. Huu muang (transl. "ear of the muang") - head of foreign affairs, diplomat Taa muang (transl. "eye of the muang") - scholar, wise
Power of Media in American Values Contemporary Discuss the power of the media in shaping contemporary American values. The online oxford dictionary defines media as "the main means of mass communication (television, radio, and newspapers) regarded collectively" (oxforddictionaries.com). This implies that the public globally are highly dependent on media to get information regarding what surrounds them, so is the American public (Edwards, 2001;9). In any case, the most efficient way of transmitting information