3 Five Forces Model Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

3 Five Forces Model Case Solution

How plug power can take the opportunity

Plug Power can take the opportunity by manufacturing the supplying chain efficiently. It should depend on the suppliers who would be dedicated towards the firm and who would not have the high bargaining power because of less collaborations with other companies.

3.5 Threat of Substitute Products

There is high threat of substitutes for the Plug Power Inc., such as: Energy Nova, Doosan fuel cell America and Ceres. The service quality of these firms is standard and higher, which creates a threat of substitute. This creates a higher strength of substitutes. The substitutes bring the profitability upwards, because every company brings innovation and best quality product, which expands the industry. Moreover, customer goes towards that company which provides innovative and contemporary services.

How plug power can take the opportunity

Plug Power Inc. should focus on its services also rather than just emphasizing on the products.In other words, it should be service oriented. It should also assess the customers’ demands and provide services according to it. Moreover, differentiation and innovation can make the company an opportunist, helping it in achieving the competitive advantage in the industry.

3.6 Complementors of Plug Power Inc.

Complementors are direct competitors who make the value addition and cause the company’s market capitalization to go down by stealing the company’s current customers. The main complementary are Ballard Power Systems Inc., Bloom Energy Corp and Hollysys Automation Technologies Ltd. The complementary products create the brand image and enhance the industry’s product, because they have a direct relationship with the product, which creates an increase in the company’s sales. Furthermore, the complementary products make the other product more efficient and structured.

3.7 Industry Attractiveness Assessment Tool

3.7.1 Incumbents

Competitive Force	level
Threat of substitutes			High
Threat of new entrants		Medium
Rivalry among existing firms			High
Bargaining power of suppliers			Medium
Bargaining power of buyers		Medium

3.7.2 New Entrants

Competitive Force	level
Threat of substitutes			High
Threat of new entrants	Low
Rivalry among existing firms			High
Bargaining power of suppliers			High
Bargaining power of buyers		Medium

3.8 Industry Key Success Factors

Key success factors imply that for any business that you want to start, you should first analyse it through different dimensions. For example: your idea is viable or not, it is attractive or does credibility exist or not. There must be some factors included in order to be successful in the industry.

Product management and efficiency.
Diversification in business and idea.
Product Quality.
Cost effectiveness.
Financial feasibility.
Economic feasibility.
Technical feasibility.
Political feasibility.
Social or Environmental feasibility.

EXTERNAL ANALYSIS SUMMARY TABLE
Dimensions of the Macro Environment	KEY TRENDS	WHAT OPPORTUNITIES/ THREATS DO THESE TRENDS CREATE FOR THE INDUSTRY
Macro-Economic	Barriers to entr	opportunity to create “barriers to entry” for potential competitors
Global	Growth rate	increase in growth rate of firms in the international market
Technological	Innovation	Opportunity For The Adoption Of New Technology
Demographic	Different peer groups	Threat to which customers feel satisfied by the current offerings in the target market
Socio-cultural	Different ethnic background	threat to according to the ethnicity and satisfaction by the current offerings in the target market
Political-legal	Political influence	potential to employ low cost guerrilla and/or buzz marketing techniques to promote the firm’s product or services

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3 Five Forces Model Harvard Case Solution & Analysis