Porter's 5 Forces analysis of Topcoder (A): Developing Software Through Crowdsourcing Case Analysis
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Porter's 5 Forces analysis of Topcoder (A): Developing Software Through Crowdsourcing Case Study Analysis
A Porter's 5 Forces analysis of Topcoder (A): Developing Software Through Crowdsourcing Case Analysis might be conducted to design different strategies utilizing the strengths of the company to avail chances, overcome weak points and to minimize the threats. It might also be used to examine that how particular weak points withstand particular opportunities and increase the risks. The strategies drafted utilizing the Porter's 5 Forces analysis of Topcoder (A): Developing Software Through Crowdsourcing Case Solution are provided as follows;
• Usage of strong worldwide brand name position and funds in expanding towards possible markets.
• Unique brand name experience might help out the company to better position itself in new markets.
• Resistance in expansion in the prospective worldwide markets encouraging variety.
• High rates limits the expansion in different Asian and African nations with low per capita earnings.
• Strong brand name recognition, non-traditional methods of marketing and the special brand name experience might be used to lower the hazard from potential clients.
• Strict appearance policies could led to the consumer shift towards Victoria with high social obligation.
• Minimal target audience could caused a decline in the overall market share of the business.
These strategies might assist the business to improvise its market position and be at the leading position in the market.
Financial Analysis
Financial analysis for Porter's 5 Forces analysis of Topcoder (A): Developing Software Through Crowdsourcing Case Help could be performed to evaluate the availability of funds to the company that might be utilized in growth towards international markets. The financial position of the business could be evaluated by utilizing the information given up the case Display 1. The ratios that might be considered in monetary performance analysis are given up the Table 1 below;
From the above Table 1, it could be seen that the business has a reasonable monetary performance with a ROE of 7.9% and a high sales development of 18.4%. A 4.3% net profit margin does not seems to be possible and the business should put efforts in increasing its profits along with reducing its functional expenses to increase its profit margins.
Porter's 5 Forces analysis of Topcoder (A): Developing Software Through Crowdsourcing Case Analysis
Segmentation
Most of the business's Brick and Mortar shops are situated in United States including above 500 stores in almost each of the state of US. The company has likewise an international presence in 8 various countries with its greatest number of shops situated in United Kingdom i.e. 21. The companyhas a total of 54 shops in global markets that is most likely the 10% of its stores in the US.
Targeting
The company targets its clothing brand to the young, tall and attractive teens and kids that are considered to be cool. This targeting policy is responsible for different differences in the company associated with its rivals. The business employs excellent looking men and women for its stores and follows a rigorous look policy to preserve destination of attractive people towards its shops and provide a special brand experience.
Positioning
The company has positioned its brand name as a high-end brand targeting just a specific market section. The company with its non-traditional methods of marketing through designs and agents posters its brand image as a high-end clothes brand name targeted to the cool and attractive personalities in society. Although, this market position draws in various elite people towards the brand name however it hurts the company's position in different communities focused at the equality in society.
External Analysis
Competitor Analysis
Porter's 5 Forces analysis of Topcoder (A): Developing Software Through Crowdsourcing Case Solution faces a lot of competitors in the market with the presence of different variety of rivals in the market. A chart showing the close rivals together with their attributes and the marketing method is given in. it could be seen that the American Eagle Outfitters is thought about to be the greatest competitors for company with its marketing method associated to the tv shows. Furthermore, Gap is likewise thought about to be a possible competitor in regional along with in international; markets as the business is thinking about to move in the international markets. Along with it, Topcoder (A): Developing Software Through Crowdsourcing Case Study Solution. with its flexible prices strategy and the Victoria's Street with its strong social status posture a serious risk to the existing market share of the Porter's 5 Forces analysis of Topcoder (A): Developing Software Through Crowdsourcing Case Solution.
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