Porters 5 in Mining Industry Essay Example

Porters 5 in Mining Industry Essay Porters 5 forces Analysis: 1. 1 Buyer power: The buyers for mining industry usually have medium to high power. There are two elements that could affect the buyer’s power. One is buyer’s level of negotiation; the other is buyer’s price sensitivity. In our case, the two companies are producing coal and uranium. These two products are mainly used for producing electricity. Buyers for these natural resources must have large quantity of demand, and also they usually have government behind them for negotiation. Even through these natural resources are unrenewable and limited, there are other mining companies producing them and these resources are undifferentiated from other companies products. This makes the buyers have high level of negotiation. However, the switching cost for the buyer is extremely high once the two parties sign the contract. That could reduce the level of negotiation a little bit. On the other hand, the product the buyer purchases from the mining companies represents a large fraction of its cost structure. For example, the cost of purchasing coal is the main part for electricity companies. This makes the buyer price sensitivity. Overall, the buyer may have medium to high power to the mining industry. 1. 2 Supplier power: In the mining industry, the suppliers are usually mining equipment companies. They usually have high powers to the mining companies. Even though there are many mining equipment suppliers, and the concentration level of the suppliers is lower than the mining industry, the suppliers still have significant influence to the mining company. One of the reasons is that the switching cost is extremely high. We will write a custom essay sample on Porters 5 in Mining Industry specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Porters 5 in Mining Industry specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Porters 5 in Mining Industry specifically for you FOR ONLY $16.38 $13.9/page Hire Writer While the price of mining equipment is high, the mining companies might also need the suppliers’ technical support in maintaining and upgrading the equipments after purchasing them. When the switching cost is high, the mining companies may find it hard to play suppliers off against one another. On the other hand, equipment suppliers usually have cross industry business. Since mining equipment has limited market, the suppliers may also have other product, such as construction equipment, which makes their powers high. 1. 3 Rivalry among existing firms: The competition of mining industry is medium to high. One major competition for mining industry is the competition for resources and mines, which is different from other industries. Since the resources are limited and unrenewable, together with the continues increasing demand for energy, such as coal demand of China and India, the battle of exploiting and developing new mines are intensive. Also, there are many competitors in the industry. However, since the exit barriers are high, the competition is limited within the existing companies. Companies in the industry might battle for larger market share but facing little threat of new entries. Thus, the competition in the industry is concluded as medium to high. 1. 4 Threat of new entrants: New entrants may pose a threat to the company by introducing new innovative products at a competitive prices and eating into their market share and customer loyalty. The threat of entry for the coal and uranium industry tends to be low due to high entry barriers. The reason for this is the government regulations and restriction on coal and uranium mining companies. Resources of coal and uranium are laminated. The capital expenditure or set up of mining company is very high. Moreover, mining companies has a high exit cost and that because the use of specialized asset. Also, the technique requirement of the industry is high. This results in low new entrants, which eventually will increase profitability for all firms in the industry. 1. 5 Availability of substitutes: Companies face risk from others that produce different products with similar functions. In case of uranium, the threat of substitution tends to be very low as the nuclear reactors in other countries wanting to cut their greenhouse gas emissions, that uranium has a bright future. In case of coal, the availability of substitutes is low to medium. The reason of that are the sources to generate power are limited and costly which, it will cost the corporation very high amount of fixed cost if they decide to switch to another source. However, there are some substitutions such as crude oil; natural gas nuclear power can replace the coal in some way, but not every way because approximately 40% of the world electricity production uses coal.

Capstone Essay Examples - How to Write the Best Essay

Capstone Essay Examples - How to Write the Best EssayCapstone Essay samples may be of any form, but the aim of these essay samples is always to do the same thing. That is, create a strong outline for the final project and then write to a very high standard. This can often mean writing something long and detailed. However, as with all writing it is important to ensure that you write only when you are completely satisfied with the piece and that your work reflects the final draft and therefore reflects the candidate's overall strength.Sit down and write about anything you want, including anything you've read on the internet. If you've seen the candidates perform before a camera, write about it in a summary. If you've watched them speak live or on television, ask yourself what you saw. Whether it's the way they handled themselves or how articulate they were, write about these and do not cut and paste.It is not unusual for candidates to be asked to give a formal speech in front of the au dience. In fact, the actual structure of this kind of speech will likely vary from candidate to candidate. However, many candidates find it helpful to begin by writing a warm up speech so that the speech itself becomes much more comfortable for them.Look through a selection of Capstone Essay samples, such as those that include several examples of their previous work. These samples can help to put your mind at ease by helping you identify any grammatical or spelling errors. It is not unusual for a CV to have some kind of error or misunderstanding. By looking through the sample essays, you can sort out any of these problems before sending it off to the editors.Candidates should make sure that their documents are clear and concise, yet using all of the relevant information contained within the document to make the most of the essay. By doing this, it is possible to achieve an outline for the essay which is complete and ready to begin writing. Make sure that you are careful to format th e document and ensure that it contains all of the correct formatting, such as headers and footers.For the CV, it is worth spending some time looking through some of the Capstone Essay samples because this provides invaluable feedback to ensure that your CV is clear and to the point. In addition, these samples will help you assess what kind of writing style is suitable for the final product and what will work well within the capsulotn.By looking at some of the Capstone Essay samples, candidates can learn much about how to write a CV. This is especially true for those who have never written a document in any way before. It is important to take this experience and carry it forward into your new job and into your career in general.Dossier and Dissertation essays are often the hardest things to write. This is largely because the goals are different and the standards are higher than anything else that is usually submitted for consideration. There is therefore a lot that is required to get it right and many ways in which to go wrong. The key to writing well, though, is to ensure that you sit down and write as you would normally, but to add extra details that you would normally overlook.