Question

Can you please do Porter's five forces analysis for the industry of the country TURKEY?

Can you please do Porter's five forces analysis for the industry of the country TURKEY?

Homework Answers

Answer #1

Since no industry has been mentioned, I am taking the textile industry of Turkey and the Porter’s five force analysis for the same is as below:

  1. Threats of New entrants: Its very high as entering in a textile industry is a lot easier in comparison of other manufacturing industries.
  2. Bargaining power of suppliers: Its weak as there are lot many suppliers in the market. The customers are in such a good situation where they can put their own terms on the suppliers and put them against each other, which lead to decrease in prices for suppliers.
  3. Bargaining power of customers: Its strong as there are many manufacturers exist in market and customers have the option to choose the one whom he thinks getting the best deal, in terms of quality and price.
  4. Barrier of substitute products: Its weak as there can’t be a substitute of the apparel. It can be modified with latest trends, but can’t be replaced completely.
  5. Competitive rivalry: Its high because of tough competition in market, where more than thousand manufacturers are there in Turkish market, consists of family owned, small and medium sized businesses.
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