Please refer to the attached documents and feedback and answer those questions.
Companies chosen and industry (video gaming)
Playstation (Sony) VS. Xbox (Microsoft)
Porter’s Five Forces Analysis of your chosen Industry:
For each of Porter’s Five Forces, identify at least 3 challenges or opportunities presented to your industry by the particular force below. Identify if each force is high, medium of low in power and relevance in your industry.
1. Threat of Entrance (how hard is it for new companies to enter your industry)–
2. Strength of Rivalry (is your industry very competitive or less so) –
3. Substitution (can your consumers easily choose alternative products from DIFFERENTindustries in place of your Industry) –
4. Supplier Power (do the suppliers of raw materials, labor, etc to your industry have a lot of power over your Industry) –
5. Buyer Power (do your individual buyers have a lot of power or not over your Industry) –
(Also a sample of how to answer is attached)
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