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Porter’s Five Forces of Comcast Corporation

<p align&equals;"justify">Comcast is a telecommunication conglomerate company based in Pennsylvania&comma; USA&period;&nbsp&semi; Comcast Corporation develops exceptional technology and entertainment to create a connection between people to experience joyful moments&period; The company provides TV&comma; internet&comma; mobile&comma; voice and home management services to its customers&period; The company provides exceptional speed by creating the largest and most effective Gig-speed in the USA&period; Xfinity&comma; NBC&comma; and Sky are some of its major and significant brands &lpar;Comcast&comma; 2019&rpar;&period; The industry of Comcast is rapidly changing as it is linked with technology and entertainment&period; Porter’s five forces model for Comcast Corporation is provided to cope with the rapidly changing technological and entertainment business environment&period; &NewLine;<&sol;p>&NewLine;<h2 align&equals;"justify">Competitive Rivalry <&sol;h2>&NewLine;<p align&equals;"justify">The acceptance of online TV&comma; internet&comma; broadcasting&comma; and mobile services has been exceptional in the last two decades due to massive innovation and advancements in technology&period; In the USA&comma; the competition in the broadcasting and telecommunication industry is mounting day by day due to unique and innovative offerings&period; Comcast&comma; Walt Disney&comma; Liberty Sirius&comma; Liberty Media&comma; and CBS Corporation are the most significant shareholders of the industry with a revenue collection of USD 183&comma; 171&comma; 22&comma; 22&comma; and 17 million in 2018 respectively &lpar;MarketScreener&comma; 2019&rpar;&period; The presence of such giants with an exceptional amount of investment in technological advancements and innovations is making the industry more complex and difficult to operate&period; The continuous offerings of competitive rivals are increasing the competitive rivalry and overall&comma; the competition in the industry is becoming intense with every technological advancement&period;&NewLine;<&sol;p>&NewLine;<h2 align&equals;"justify">Threat of New Entrants<&sol;h2>&NewLine;<p align&equals;"justify">The presence of large and small companies at the same time in the industry is the evidence of easy entry and maintenance of small or large business&period; The industry does not have severe barriers for a new entrant that makes it more attractive for investors and customers&period; One of the significant attractions for the new entrants is the low brand loyalty and easy switch of customers&period; Most of the customers are spurious loyal and the loyalty changes quickly with minor benefits or innovative offerings&period; Bringing an innovative offering in such a dynamic industry even by a new entrant is not something that never happens &lpar;Choi&comma; 2018&rpar;&period; Due to low barriers and overall attraction for new entrants&comma; the threat of new entrants is high for the already existing players like Comcast Corporation in industry&period; &NewLine;<&sol;p>&NewLine;<h2 align&equals;"justify">Threat of Substitutes<&sol;h2>&NewLine;<p align&equals;"justify">The threat of substitutes for broadcasting and telecommunication industry is high as the means of telecommunicating and broadcasting are changing with an exceptional and magical pace&period; The evolution of technology and its impact on entertainment&comma; broadcasting&comma; and telecommunication industry is most significant&period; The means of broadcasting&comma; telecommunication&comma; and entertainment have completely changed over the last few decades&period; The wireless technology would not be a concept someone can think of 30 years ago but now the wireless technology has completely replaced the landline technologies&period; The offline TV is replaced by a massive size with online TV and same goes for broadcasting techniques &lpar;Choi&comma; 2018&rpar;&period; The substitutes in this industry have evolved continuously over the years and they are evolving with a high pace keeping the threat of substitute high&period; &NewLine;<&sol;p>&NewLine;<h2 align&equals;"justify">Bargaining Power of Buyers<&sol;h2>&NewLine;<p align&equals;"justify">There are several options and offerings at different and most affordable prices available for customers other than these mentioned five big industry players&period;&nbsp&semi; This penetration of the industry with multiple options for buyers increases the bargaining power to take affordable prices and better services&period;&nbsp&semi; It is becoming difficult to retain customers and the loyalty switches quickly with minor benefits provided by the competitive company &lpar;Evans&comma; 2015&rpar;&period; The customer bargains and set his&sol;her own terms and switch in case the terms are not accepted&period; This nature of industry helped the buyers to strengthen their bargaining power&period;&NewLine;<&sol;p>&NewLine;<h2 align&equals;"justify">Bargaining Power of Suppliers<&sol;h2>&NewLine;<p align&equals;"justify">When the number of suppliers is high&comma; the bargaining power of supplier decreases if there is no significant dominance or monopoly by a single supplier&period; The major suppliers of broadcasting&comma; telecommunication&comma; and mobile services industry include equipment providers&comma; anchors&comma; directors&comma; producers&comma; technical staff&comma; and several other related staff&period; The availability of all these mentioned supplies is in abundance in the USA and the company has multiple options to choose in terms of picking a supplier &lpar;Evans&comma; 2015&rpar;&period; This lack of domination or monopoly by a single supplier for broadcasting and telecommunication industry decreased the bargaining power of supplier and making the companies stronger to deal with suppliers&period; <&sol;p>&NewLine;<h2 align&equals;"justify">References <&sol;h2>&NewLine;<p>&NewLine;Choi&comma; H&period; &lpar;2018&rpar;&period; Broadcasting and telecommunications industries in the convergence age&colon; Toward a sustainable public-centric public interest&period; Sustainability&comma; 10&lpar;2&rpar;&comma; 544&period;<br &sol;>&NewLine;Comcast&period; &lpar;2019&rpar;&period; Company&period; Available at&colon; <a href&equals;"https&colon;&sol;&sol;corporate&period;comcast&period;com&sol;company">https&colon;&sol;&sol;corporate&period;comcast&period;com&sol;company<&sol;a><br &sol;>&NewLine;Evans&comma; N&period; &lpar;2015&rpar;&period; Managing Innovation &amp&semi; Disruptive Technology&period; CIO&period; Available at&colon; <a href&equals;"https&colon;&sol;&sol;www&period;cio&period;com&sol;article&sol;2976572&sol;digital-disruption-from-the-perspective-of-porters-five-forces-framework&period;html">https&colon;&sol;&sol;www&period;cio&period;com&sol;article&sol;2976572&sol;digital-disruption-from-the-perspective-of-porters-five-forces-framework&period;html<&sol;a><br &sol;>&NewLine;MarketScreener&period; &lpar;2019&rpar;&period; Comcast Corporation&period; Available at&colon; <a href&equals;"https&colon;&sol;&sol;www&period;marketscreener&period;com&sol;COMCAST-CORPORATION-4864&sol;charts-sector&sol;">https&colon;&sol;&sol;www&period;marketscreener&period;com&sol;COMCAST-CORPORATION-4864&sol;charts-sector&sol;<br &sol;><&sol;a><&sol;p>&NewLine;

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