Sunday, February 14, 2016

Week 6 reading reflection

1) I was surprised by how the whole idea is totally driven by the need for a large profit margin. The whole time I was reading I was wondering how this applies to industry's that operate with a relatively low profit margin, and work mostly with a large number of sales model.
2) I'm confused as to how the threat from new people entering the market once the key players in the industry are established. Do new people continue to enter markets even once the markets are well established and grounded?
3) I would ask the author about his personal experience running a company. Are all of these thoughts from 3rd party analysis on his part looking in at other companies? What would people actually running the companies say about the major threats?
4) I didn't have many major disagreements, but in many cases I don't believe the buyer has lots of bargaining power. Once a price has been established, it often is accepted and remains concrete.

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