Supplier power is low considering the fact that there are many suppliers in the market. There are many other universities with similar online programs making it difficult for the suppliers to have enough power over the market. There are many suppliers in the market and the internet has made access of university programs relatively easier. In order to improve supplier power, organizations requires investing on differential through product research.
The customers have power because they can easily select many alternatives in the industry. The easy access of University education in the country makes the customers to have high bargaining power. The students, before joining any University, they are usually faced with many options to decide on. This is why Universities are working hard to ensure that they are top in ranking in the country and across the world. The Universities aims at strengthening their brand by working with the stakeholders to establish facilities and programs that align with the desires of the market.
Competition is very stiff because of the high number of universities in Australia. There are very many Universities in Australia and they are all in the competition to attract students in the country and other countries across the globe. The stiff competition means, the La Trobe University has to engage in structuring the best programs in…….
The post Porter’s five forces: La Trobe University
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