Bapanyya Challa

Industry Analysis    Michael Porter's Five Forces framework provides a useful framework for understanding the competitive dynamics of an industry.  Here are five forces that can contribute to a company's success:  1.  Buyers: Buyers are the customers who always want to pay less.  The bargaining power of buyers always affects the company's strategy on the pricing, profitability. Companies that offer Quality and variety of products and provide value to customers can decrease the threat of buyer power. Building strong customer relationships, offering excellent customer service, and implementing loyalty programs can help companies retain customers and reduce the decreases in the profits. 2. Suppliers: Suppliers are intended to pay more and deliver less. The bargaining power of suppliers can affects the company's input costs and the availability of critical resources.  Companies that maintain strong relationships with their suppliers or have differ...

 Business Ethics Business ethics applies to business conduct, individuals, and the entire organization. Business ethics involves ways in which a business organization deals with its customers and the outside world. Ethics in a certain business vary depending on the business industry, as well as how the business organization deals with its clients. This means that a certain business will not just start portraying ethical behavior without looking at the business industry, and the clients that the business serves.  Business ethics improves the performance of employees. When a certain business organization operates under a written code of ethics, the employees tend to be committed towards achieving the company’s stipulated goals. This will go a long way into improving the performance of the employees. Business ethics creates a sense of responsibility amongst the employees. Therefore, they will be able to perform as expected to meet the goals of the business organization in which t...