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Porter’s five force analysis
Discussion of porter's five forces
Porter's five forces analysis model
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1. Introduction
The Bethesda Theatre, located in Bethesda, Maryland in the United States of America and built in 1938, underwent an $8 million renovation recently and has been operating as a music club since March of 2013. This music club, the Bethesda Blues & Jazz Supper Club, is a small concert hall which serves food and drink while offering live performances by a variety of artists. It can fit 300 guests for dinner, as well as an additional 200 for the performance alone; these performance seats begin to be sold after the dinner seats are sold out.
The owner of Bethesda Blues & Jazz is considering an expansion of the brand into the United Kingdom, as the concept of this type of restaurant is not a well-known one in that market. Through the use of Porter’s Five Forces Model the current business environment, and the operation of Bethesda Blues & Jazz within that environment, can be analyzed and evaluated, allowing for recommendations about their future business strategy to be made and the possibility of expansion into the UK market to be considered. The service sector is showing positive signs of growth, however this isn’t enough to advise this expansion plan. PEST and SWOT analyses, as well as Porter’s Five Forces, can be used to explore their options and give recommendations.
2. PEST Analysis
There are several political aspects which affect Bethesda Blues & Jazz, both in the USA and in the UK. The first of which is the clear differences in alcohol regulations between the two countries. In the UK the drinking age is 18, rather than 21 as it is in the US, and businesses only require a premises license in order to sell alcohol (Gov.uk, 2013). Another factor is the ease of expansion into the UK market, which might be made difficul...
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...he USA and the UK, an analysis of Bethesda Blues & Jazz’s status in the USA, and an analysis of their financial situation. If these analyses are all positive, then they should re-consider expanding into the UK and begin searching for potential locations in the UK, along with networking with performance artists and suppliers.
Bethesda Blues & Jazz Supper Club has been fairly successful so far, but it is still too new at the moment to truly consider expansion abroad. They need to build a more established brand in the US before expanding further. There are several competitive forces to be considered, particularly substitution, and they have more ability to take advantage of opportunities in the USA because they have at least some network established. In the long-term, depending upon the state of their business, they should reconsider their plan to expand into the UK.
The following paper will analyse the macroeconomic environment of the Bethesda Blues & Jazz Supper Club in the United States, as well as in the United Kingdom in order to be able to apply the five forces model according to Michael E. Porter.
Bass Pro Shop has many United States locations, and the number one opportunity I see available is sharing their products worldwide. This would include opening new stores in different countries and trying to sell to a new target market. Although, this would be an expensive cost it could potentially pay off to increase their profit.
At a hundred and four years old, the State Theatre still stands as one of Bay City's most recognizable landmarks. Despite floods, fires, and a century's worth of history, the theater proudly remains and operates on Washington Street. Dozens of events are put on there each year. Orchestras, Vaudeville, various musical groups, and comedians are just a few of the thousands of acts that have been housed within its walls. The building inside has been remodeled various times over the last few decades, and each time parts of the past have been found. Though there's a haunting presence, the six hundred seat house is still full for most events. The theater may not be run by the same employees, and the jobs have changed, but the theater is still as loved by many as it was when it was first opened. The State Theatre of Bay City has one thrilling past from its century of being alive!
Livery Stable Blues by the Original Dixieland Jazz Band and Paul Whiteman‘s 1924 Aeolian Hall concert. The ODJB‘s recording was the first jazz record and the first representation of jazz to the majority of Americans, both black and white. Whiteman’s concert was invested in representing jazz to white Americans, showing how it had progressed from its primitive black beginnings to a more sophisticated style rooted in the fundamentals of European practice. Indeed, ideas of creation and control in jazz have usually been drawn along racial lines: black as creator, white as curator. In this mode of racial understanding in jazz, white jazz fans and musicians supposedly lack an essential “something” that makes them unable to innovate in jazz. Conversely, black musicians, while highly c...
It was New Year’s Day and the year was 1866, the building was the grandiose Turner Opera House. William M and Joseph M Turner od West Carrolton built the oldest standing Theater still in existence in Dayton, Ohio. The theater cost 225,000 dollars when first opened. The Turner Opera House on 138 North Main St. caught the attention of Daytonians and the rest of the country. The Victoria Theater has definitely had its ups and downs and trials and tribulations over the last 146 years. Having survived floods, fires and tragedies the Victoria Theater is still standing and is a prominent historical building in Dayton, Ohio.
Mississippi- a birth place of the blues music. Blues were born in the Mississippi Delta as a call-and response lyrical pattern “sorrow” slave songs and haunting “field hollers” (Wilson). First introduction of blues was in 1912 when a black composer W.C. Andy recorded “The Memphis Blues” which later became popular in 1914. But it was in the twenties, that nation got the craze of blues when singers like Ma Rainey and Bessie Smith recorded classic blues with jazz bands. While Blues falls into its own category, there are many different kinds of blues. Early emerging were Delta Blues and Chicago Blues. Three early pioneer of Delta Blues were Eddie “Son” House, Bukka White, and Big Joe Williams. During the great depression many African-Americans migrated towards the north giving Blues a new identity with the advent of the electric guitar – Chicago Blues. Then in 1960’s and 70’s Blues increasingly merged with rock music. American culture started to wake up to racism and discrimination. People started looking and experiencing the African-American culture in earnest and music was one part of it. Blues also helped in the development of Rock-N-Roll. It may have been just a form of expression in its infancy, but it became an identity for African-Americans for deca...
Jazz music has a whole community in Harlem. Playing jazz would need a whole band
The Globe Theater is said to be the most important structure in Shakespeare's dramatic career. The Chamberlain Company built the Theater in 1599. The Theater was located on the Southern shore of the Thames River in London. Shakespeare, being a member of the Chamberlain Company, became a shareholder in the Theater. Along with Shakespeare, James Burbage, his two sons, and five members of the troupe owned the Globe. This group of men was called Lord Chamberlains Men after a patron of the acting company. In May of 1603, King James I came to see their plays and the troupe changed their name to The King's Men. These people and groups became a living part of the Globe Theatre.
of New York’s entertainment business. It was the springboard to fame for many singer, dancers, and performers and was indeed the board Ellington jumped from. The club
The theater that Cuthbert Burbage built for the Chamberlain's Men had a total capacity of between 2,000 and 3,000 spectators. Because there was no lighting, all performances at the Globe were conducted, weather permitting, during the day (probably most often in the mid-afternoon span between 2 P.M. and 5 P.M.). Because most of the Globe and all of its stage was open air, acoustics were poor and the actors were compelled by circumstances to shout their lines, stress their enunciation, and engage in exaggerated theatrical gestures. What would seem most striking to a modern (Broadway) theatergoer about the productions staged at the Globe is that they were completely devoid of background scenery. Although costumes and props were utilized, changes of scene in Shakespeare's plays were not conducted by stagehands during brief curtain closings. There was no proscenium arch, no curtains, and no stagehands to speak of other than the actors themselves. Instead, changes of scene were indicated explicitly or implicitly in the speeches and narrative situations that Shakespeare wrote into the text of the plays.
When it comes to doing business internationally the decision making is more complex. There are many interactions between each country that need to be addressed. In order for a business to be successful in the international market they need to examine and analyze all the facets of their company. They need
To increase the amount and type of stores internationally, as it is in the United States.
An improvisational syncopation forceful rhythm to the tune of the world. Jazz changes with its players and adapts to the shifting sands of time, so to does America. An instantly recognizable name, which just goes with the flow and enjoys the beat of its drum. From its Native American days to its modern multiethnical days, America is always following its own beat. Jazz brought together a multitude of cities such as Philadelphia, Chicago, Detroit etc... Young people were able to dance with no care in the world towards race, religion, or sexuality in the twentieth century. With its lack of rules and expectations, jazz helped unite the United States. Jazz doesn’t care about which ethnicity group or religious group someone’s in, jazz only cared about what someone did. Jazz is a symbol. Of freedom. Of African Americans. Of change. Of America. America is the free spirited, effervescent, accepting jazz of the
Companies all over the world varies but yet shares a common challenge, that is to solve problem not only effectively and efficiently but also creatively. The P-O-L-C framework which stands for Planning, Organising, Leading and Controlling plays a major role in both the company’s survivability and success. The SWOT analysis looks at both internal and external factors that can affect the Starbucks’s performance. The purpose of this report is to define and analyse how Starbucks respond and should have respond to the change of its external environment on the cofee market,This report will also identify and disscuss how The P-O-L-C framework and can help starbucks to compete and reduce the loss of their failing peformance in the Australian market and how SWOT analysis helps to define some externalities that can be a threat to Starbucks.
In the modern era, one of the first big movements in music was jazz. Jazz was an evolution of music that brought together traditional European harmonies with blue notes and improvisation which are usually associated with traditional African music. This music, in its earliest and most basic form, was played and began to become personalized all over the world. However, there are places in the United States that are generally considered the ...