Five Force Model

5 Force Model Strengths: Each force from the 5 Force Model presents strengths for Penn guinea pig playing period. The embarrassed threat of unveiling is a strength for the overall line of credit of Penn because of the capital requirements for upstart businesses to enrol into the casino and racetrack industries. to a fault because Penn discipline bid and other companies ar established and charge good cross reputations it makes it more difficult for new companies to enter the market place and struggle with Penn depicted object Gaming. The bountiful(prenominal) power of the suppliers is a strength for Penn National Gaming because it al humbleds the company to solve with established and organized add up companies. These companies such as: IGT, Bally Technology, etc. all become extensive cognition of the gaming and racetrack industry so they ar repress to provide Penn with a salient overlap. The depressed power of buyers presents Penn National Gaming wi th another strength. Because there are galore(postnominal) customers in the market for Penns products and low form of competitors it allows Penn to establish a sure customer base. Customers also impersonate a high impressiveness on the quality of product so because Penn notchs a high quality product it is able to attract and retain customers. The low rivalry of competitors is a great strength for Penn National Gaming.

It offers Penn the hazard to grow in opposite markets and expand its business crossways the United States. Also because of the low number of competitors it makes it easier for Penn to keep a close eye on the competitions products and set which will allow Penn to s trategically alter its own products and pric! e strategies. The threat of substitutions is high especially for the gaming industries which Penn National Gaming operates in. The strength of this for Penn however is that many substitutes do not offer the quality of products and services that Penn National Gaming offers. There are also a very(prenominal) limited number of substitutes for gaming and racetracks which office that Penn does not have to...If you want to get a full essay, order it on our website: OrderEssay.net

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