Introduction to the fashion industry, and analysis of the company

Give an introduction to the fashion industry, and analysis of the company: LVMH using Porter’s Five Forces Model: Students need to explain as much as possible about each one of the 5 forces including:

Introduction to the fashion industry, and analysis of the company

Give an introduction to the fashion industry, and analysis of the company: LVMH using Porter’s Five Forces Model: Students need to explain as much as possible about each one of the 5 forces including:
a) Rivalry among existing competitors – high or low? Why?
b) Threat of New Entrants – high or low? Why?
c) Threat of Substitute Products and Services – high or low? Why?
d) Bargaining Power of Suppliers – high or low? Why?
e) Bargaining Power of Buyers – high or low? Why?

In regards to competitors, after giving general information about the specific competitors, students need to give as much information about the main competitors (based on the ones that make 50% of the market share, for example).
ADDITIONAL WEBSITE SOURCES FOR RETRIEVING FACTS AND STATISTICS
Firstly, IBIS World.com

Secondly, Bls.gov (US Department of Labour)

Thirdly, Business.com

Fourthly, Census.gov

Further, Cia.gov (industry specs, market shares, growth rates)

Additionally, Regis.com

Moreover, Factiva (select “search by industry”)

Also, Google finance

Besides, Hoovers.com

Lastly, US Industry and Trade

More details;

Porter’s Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry’s weaknesses and strengths. Five Forces analysis is frequently used to identify an industry’s structure to determine corporate strategy.
Feb 22, 2020
What is Porter’s 5 Forces Analysis example?

Five Forces Analysis Live Example

The Five Forces are the Threat of new market players, the threat of substitute products, power of customers, power of suppliers, industry rivalry which determines the competitive intensity and attractiveness of a market.

Why is Porter’s five forces important?

Porter’s Five Forces Analysis is an important tool for understanding the forces that shape competition within an industry. It is also useful for helping you to adjust your strategy to suit your competitive environment, and to improve your potential profit.

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