five forces on determining segment market attractivenes
DESCRIPTION
TRANSCRIPT
Five Forces in Determining Segment Structural
Attractiveness Made -Easy
www.donnabeleamgao.blogspot.com
Donnabele “Belle” Amgao March 2013
In a world full of competition…
www.donnabeleamgao.blogspot.com
You need to be attractive and innovative to win the game
www.donnabeleamgao.blogspot.com
And you need to know its threat
www.donnabeleamgao.blogspot.com
Determining how attractive your market segment is like knowing how attractive you
are as an American Idol contender
www.donnabeleamgao.blogspot.com
1. American Idol Wanna Be’s
www.donnabeleamgao.blogspot.com
To be qualified in the AI competition, several screenings are made all over America. Each should show something extraordinary and different from others
1. American Idol Wanna Be’s (Industry Competition)
www.donnabeleamgao.blogspot.com
Same in the industry competition, you need to determine your competitors and what they got. From there, you’ll know your strategies to be the market leader.
2. Britain Got talent Champion
www.donnabeleamgao.blogspot.com
Winners from the other singing competition are proven to be qualified and attractive. Hence, they could give a spectacular show to the audience, better than the AI contenders.
Ashleigh and Pudsy win in the Britain Got Talent 2012
2. Britain Got talent Champion (Potential Entrants)
www.donnabeleamgao.blogspot.com
Potential entrants may venture into the market and can take out the market leadership throne, if they could offer something better than what is existing.
3. Text voters/judges
www.donnabeleamgao.blogspot.com
These group of people has the power to dictate the AI grand champion – in terms of voting and scoring. They look into the singers overall package against others, something unique and pleasing.
3. Text voters/judges (buyer)
www.donnabeleamgao.blogspot.com
In the market, customer has a strong power in dictating the market attractiveness as they can dictate product price, evaluate the product satisfaction of their wants.
4.a Talent Producers
www.donnabeleamgao.blogspot.com
A contestant in the AI world will find you attractive if they’ll offer you contracts, endorsements, and album signing
4.b Vocal coach/mentors
www.donnabeleamgao.blogspot.com
AI contender that is appealing based on each personality and talent will shine most in their pool of teachers. In return, coaches will give them more challenging songs to sing to outshine most.
Jimmy Iovine
Steavie Nicks (girl)
4. Talent Managers and Vocal coach
(Suppliers)
www.donnabeleamgao.blogspot.com
Suppliers can be of influenced especially if they just want to supply materials/products to those segments that are highly attractive, maybe at a lower cost.
5. Avengers
www.donnabeleamgao.blogspot.com
An AI wanna be that was previously eliminated can have the opportunity to replace someone who’s in the competition that is already failing and no longer pleasing to the crowd
Hollie Cavanagh and Skylar Laine
5. Avengers (Substitutes)
www.donnabeleamgao.blogspot.com
A substitutes that functions the same or nearly the same as what you offer can be a threat that will replace your product. That just means what you can give is not attractive to the market.
These major players participates to make the each American Idol
contender challenge to give out their best and be competitive
www.donnabeleamgao.blogspot.com
To sum up:
www.donnabeleamgao.blogspot.com
American Idol•American Idol
Wanna Be’s•Britain Got talent
champ•Text voters/judges
• Talent managers/voice
coach• Avengers
Market Segment•Industry
Competition•Potential entrants•Buyer
•Suppliers•Substitutes
Five Forces in Determining Segment Structural
Attractiveness Made -Easy
www.donnabeleamgao.blogspot.com
Donnabele “Belle” Amgao March 2013