chapter2: what is Porters 5 Force Model?

borrowing from google..huhuhu

Who's know about Porters 5 Force Model?..I don't think I know about this diagram..I am very sure about that..huhuhu shame on me. 

THREAT OF NEW SUBSTITUTES 

• From my basic knowledge threat of substitutes where the product can perform the same product or another function.for example Keretapi Tanah Melayu (KTM) which is substitutes of driving we can using the train.
• Besides that, it is show when there are many alternative to a product service.

SUPPLIER POWER

• Supplier's power  is ability to influence the prices they charge for supplies. This supplier have ability to influence the pricing of the product TENAGA NASIONAL BERHAD(TNB)..This company have authority power in supply electric as a monopoly company in Malaysia.
• this company trying to compete with IT to create competitive advantage.

THREAT OF NEW ENTRANT 

• It is shows how much the technology advances influence competitor..many competition and almost them compete which other to provide very competitive services to their customer such online banking, online paying bills and account monitoring.
• For example are Maybank, and Paybills Malaysia.

BUYER POWER

• When the buyers already have a lots of choices in the market where a lots of suppliers has offer similar product. The main purpose of buyer power is to reduce buyer power using IT to ensure the organization make it more attractive. It is best practice of IT-based.
• It is more appreciate to their customer.
• For example is celcom

assalamualaikum..
if i make a mistake please give a comment..=)