Porter analysis of uk grocery retail industry marketing essay

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Porter analysis of uk grocery retail industry marketing essay

Public Domain Whole Foods Market responds to the five forces of external factors in the grocery and health food store industries.

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These external factors either support or limit the growth of the firm. Whole Foods Market managers and investors can use the results of this five forces analysis to determine appropriate responses to the conditions of the industry environment. The continued expansion of the business could add even more external factors.

Competitive rivalry or competition strong force Bargaining power of buyers or customers strong force Bargaining power of suppliers moderate force Threat of substitutes or substitution strong force Threat of new entrants or new entry strong force As shown in this Five Forces analysis, Whole Foods Market faces major challenges based on four of the five forces.

Even the bargaining power of suppliers presents a significant concern to the business. Thus, Whole Foods Market must implement a comprehensive set of strategies to address all of these strong forces simultaneously. Still, to ensure appropriate response to the issues identified in this Five Forces analysis, Whole Foods Market must keep innovating its strategies.

This element of the Five Forces analysis model deals with the effects of firms on each other. High number of firms strong force High aggressiveness of firms strong force Low switching costs strong force Whole Foods Market is in the grocery and health food store business, which is part of the retail industry.

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The retail industry is saturated with many firms. Also, retail companies aggressively compete based on price, service, quality and other variables.

In addition, Whole Foods Market faces the strong force of competition because of low switching costs. Consumers can easily shift from Whole Foods Market to other retailers.

To address this part of the Five Forces analysis model, Whole Foods Market differentiates its products based on high quality. This element of the Five Forces analysis model refers to the effect of buyers on businesses.

However, it is easy for customers to move to other retailers, corresponding to the low switching costs. As a result, Whole Foods Market must address consumer concerns.

Otherwise, they could move to other retailers. Whole Foods Market addresses this part of the Five Forces analysis model by implementing new policies for product quality. For example, to address consumer demands about genetically modified organisms GMOsWhole Foods Market plans to complete the implementation of a new labeling rule for GMO-containing products in its stores by This element of the Five Forces analysis model identifies the degree at which suppliers impose their demands on business and the industry.

Moderate level of supply moderate force Large size of individual suppliers moderate force High number of suppliers weak force Whole Foods Market has many suppliers, including local, regional and national wholesalers and producers in the U. This external factor weakens the power of suppliers on the firm.

Because of their size, these suppliers exert moderate pressure on Whole Foods Market. Also, the limited supply of truly organic and natural non-GMO foods means that suppliers could impose demands on the company and expect moderate results. Whole Foods Market addresses this part of the Five Forces analysis model by expanding its supply chain, which now has a global scope and emphasizes producers in developing countries.

This element of the Five Forces analysis model pertains to the impact of substitute products on business and the industry.

Porter analysis of uk grocery retail industry marketing essay

High availability of substitute products strong force Low switching costs strong force Low cost of substitutes strong force Whole Foods Market competes with many substitutes, which are products that are not classified as organic, natural or GMO-free.

Most of these substitutes are cheaper. Also, it is easy for customers to shift away from Whole Foods Market toward these substitute products. As a result, substitutes exert a strong force on the firm. Also, the company occasionally offers discounts to attract customers. This element of the Five Forces analysis model deals with the effect of new firms in the industry.

High ease of doing business strong force Low switching costs strong force Moderate cost of doing business moderate force Whole Foods Market is in an industry where establishing a new business requires moderate spending. Even small retailers can compete with the company.

It is also relatively easy to operate in the grocery and health food store industry. Moreover, new entrants have high chances of success because they can easily attract customers away from firms like Whole Foods Market.

Thus, the threat of new entry presents a strong force on the business. To address this part of the Five Forces analysis model, Whole Foods Market focuses on quality to entice and keep customers. Reflexivity and the Whole Foods Market consumer:Industry Analysis In order to analyze an industry, it is important to determine where it is in the industry lifecycle.

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During the 's and 's the retail grocery industry was expanding at a phenomenal rate. Before posting, please read this section. Copyediting-L is not an editing service or business and does not employ anyone.

Copyediting-L also is not a professional association for editors; it . Analysis Of The Uk Grocery Retail Industry Analysis of the UK grocery retail industry Analysis of the retail industry Dollar General Industry and Competitive Analysis EDI within the Food Retail Industry food retail industry analysis In certain cases Porter's Diamond of Competitive Advantage may not be an appropriate framework for the analysis of a .

🔥Citing and more! Add citations directly into your paper, Check for unintentional plagiarism and check for writing mistakes. The food and drink retail sector represents the largest industry in the UK.

Sainsbury is one of the world leading retail supermarket. And third biggest supermarket of the united kingdom. This is an example page. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes).

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