External Analysis: Overstock.com
Porter's Five Forces Model
Porter's framework, as Hill and Jones (2009) point out, concerns itself with forces (five in number) that configure or structure competition within a given industry. These, according to the authors, include: "(1) the risk of entry by potential competitors; (2) the intensity of rivalry among established companies within an industry; (3) the bargaining power of buyers; (4) the bargaining power of suppliers; and (5) the closeness of substitutes to an industry's products" (Hill and Gareth, 2009, p. 42). The subsequent sections of this text will apply Porter's Five Forces model in an evaluation of Overstock.com's operating environment.
Discussion
Overstock.com is "a technology-based retail company offering customers a wide variety of high-quality products, at great value, with superior customer service" (Overstock.com, 2014). Some of the products the company offers for sale include, but they are not limited to; jewelry, furniture, handcrafted items and products, electronic goods, books and magazines, etc.
The risk of entry by potential competitors
Essentially, no regulations prevent new entities from entering the Catalog & Mail Order Houses industry, the industry in which Overstock.com operates. As a matter of fact, new entrants encounter low fixed costs. The fact that there are numerous suppliers also means that...
External Environmental Analysis Overstock.com This is an online business that offers direct retail sales as well as online auctions both at the international level and locally. It is an online market place where potential buyers can visit for designer brands and home goods at the best price bargains. It also offers a platform where sellers of items can get onto the market platform online and sell their items to other people within
INTERNAL ANALYSIS OF OVERSTOCK.COM INTERNAL ANALYSIS AND SWOT FOR OVERSTOCK.COM Overstock.com is a company based in Cottonwood Heights, Utah in United States. It was established in 1999, and it offers different types of equipments including furniture, shoes, bedding, clothes, watches, and many others. Internal analysis of the organization is assessing on the strengths, weaknesses, opportunities, and threats. In Overstock.com, some of the strengths include qualified staff, quality products, and customer relations. The
Strategic Choices The author of this report is asked to do a few things within this report. First, the author is to look at and assess the Grand Strategy Selection Matrix. Second, the author is to review and assess the general business model and strategy of Overstock.com. The author of this report is to then select which of the quadrants that Overstock falls within. While it may be a little difficult
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Indeed, in terms of ethics, it harms the company the CIO is working for, along with his own reputation. It is therefore better to channel negativity into the planning, implementation and anticipation stages than into external communications. A consideration of publications regarding the specific duties and positions of the CIO within a company provides further insight. According to Strassmann (reviewed by Goldsmith, 1995), for example, the CIO is primarily responsible
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