Answer to Question #256489 in Management for yoyo

Question

Take your company or any Ethiopian company you are familiar with as a case study and answer the followings:

1.3 Taking in to account the Company in mind, how could Porter’s Five Forces Model fit in the operation management process of the Company?

Answer 1

Horizon Addis Tyre company is one of the leading companies in Ethiopia. Porter’s Five Forces Model can be of great use in the operation management process to help the organization improve performance and attain a competitive position in the tyre market. The model’s five components (Competitive rivalry, Threat of new entry, Supplier power, and Threat of substitution) can be used to develop strategic moves to achieve a competitive edge; when the company management utilizes these components, it can develop ways to take advantage of their strength, manage weaknesses, and avoid mistakes in the management process.