Comparison Between ArcGIS and QGIS

10 Epic Difference Between ArcGIS and QGIS – GIS Software Comparison

ArcGIS is an interactive cloud-based mapping and analysis solution used to make maps, analyze share and collaborate data. However, like in every other thing under the sun, it has competition and I have to say, the competition is quite stiff for ArcGIS.

The competition comes in the form of QGIS, which is an open-source Geographic information system (GIS) that supports most geospatial vectors, raster files, as well as database formats and facilitates a seamless experience as far as mapping and data editing, is concerned.

However, in a world full of choices, we are all wired to want to go with the best there is. There are a couple of differences between the both of them that could put your mind to rest as you select the best one and I think would be to your best interest if you dived right into it and waste no more time.

Difference Between ArcGIS and QGIS — ***10 Differences bewtween ArcGIS & QGIS***

Cost

Are you a student who needs to complete his GIS or QGIS assignment? then you must be working on a budget. When working on a budget, you will go out there looking for the best tools you can get for as cheap as you can get them or preferably for free, which is where the first difference comes in.

QGIS is pocket friendly and is available for free, all that you need is a compatible gadget and a good internet connection and you are good to go. However, ArcGIS sways differently and requires paid license for you to use, which is not economical and as I break this down you will realize that despite the fact that they have attached a price tag to it, they offer less than QGIS.

While some will argue of exclusivity that is regulated by licensing, I tend to think they are missing the point of having the software by a mile. Nevertheless, let’s roll on to the next major difference between ArcGIS and QGIS.

Accessibility Tools

I thought this fits in here perfectly, after all, we can start with all the money business and get it out of the way. Having to work, the smart way (with the help of GIS software), entitles you to a couple of privileges that make your work easier, among them, accessibility tools.

Tools, will make your work a whole lot easier and having what you need is better than needing something and not having it. To make an extensive study of your map, you will need these tools and both ArcGIS and QGIS offer these, which is a thumbs up to both of them. HEYY!!That’s a similarity, we came here for the differences!!! How are they different? Calm down, here it is…

Well, QGIS provide these tools to you for free and are easily accessible at no extra or hidden costs, however, things get costly with ArcGIS, as they will need some extra pennies for you to access these tools. This has been known to be a limiting factor to most users and to be honest, I get why they would frown upon it as well. Due to accessibility and cost factors, most students who have to complete assignment using ArcGIS are forced to pay someone to do GIS assignments for them.

File Format Accessibility

When it comes to GIS, data is the major player and working from different devices as well as sourcing the data from different sources, you will be prone to getting files in different formats. Developers were therefore left with a daunting task of having this provision in their software which is why QGIS, has been termed to be quite versatile and accommodative as they have executed this with precision, accommodating a wide range of formats (estimated over 70 formats) in their software.

While you, me and QGIS agree that we need software that allows you to bring in data in different formats, ArcGIS are of a different opinion and have a very limited array of file formats for you, which from users, is not sufficient.

User-friendly Interface

Well, as far as working is concerned, the easier the better, which is why you are looking for the software to make your work and in extension your life easier. Well, ArcGIS can do this for you. Given that it is able to recognize GIS formats, all you have to do is click one simple add data button and it will get you data in the required format, well, QGIS will do the same thing for you but you will have to select all what you manually.

Reliability

In an effort to remain unbiased, I have to interject this downtrend and give one point to ArcGIS after all they are not all that bad. Working with data processing software and in this case, mapping software, reliability is of great importance and in comparison to QGIS, ArcGIS has proven its worth.

Reliability, in this case, is based on the output given and the results from ArcGIS are much better given that it has better spatial topological analytical capabilities when compared to its rival, QGIS.

Processing Time

By now you are probably used to the idea of fast internet, fast application, quick processors which might explain why gadgets are being fitted with even more processors with every production and I believe that you wouldn’t want it any other way when it comes to working. This is why one of the things you need to consider when comparing QGIS to ArcGIS. Despite the fact that ArcGIS has proven its worth as far as reliability is concerned it drops the ball on processing speed and is much slower when compared to QGIS which has better rendering capabilities as well.

Operating System

The 21st century has brought many good things and among them is the freedom of the choice of gadgets to use. Yes, this has created a rift(a healthy one of course) between android and apple users as well as those who prefer to be unique and opt for Linux. Well, if you have any of these and are looking for a GIS software then you cannot go wrong with QGIS, thanks to their accommodative nature. However, if you are an android or mac OS user, then you might just have to settle for just QGIS without the option of trying out ArCGIS, as they do not support the installation of their platform on these operating systems. Well, that is another point for QGIS.

GEODATA ( ISO, INSPIRE, NAP, FGDC…..)

Now to the juicy part of things, while both of these softwares are well capable at what they do and manage incredibly well with vector, raster and GIS data, you need to filter the data and search for missing bits of data sets thanks to filter and search tools. ArcGIS avails more options to navigate and manage the geo-data in your system files than QGIS and goes the extra mile to not only do this for data but also for models and maps.

Joining Tables

Once more, the user-friendliness property in ArcGIS dominates as it allows you to effortlessly do it by just right-clicking on a layer and then clicking the ‘join’ button.

QGIS will, however, need you to invoke your expertise in joining tables with layer properties. And while I do not doubt your ability to join tables, you are better off with easier work.

User Guide

I have to admit, ArcGIS have a really nice customer service experience as they don’t leave you high and dry to find your way through their software but will give you an elaborate document that guides you on how data can be delivered, the use of certain tools and pretty much anything that you might need to do. On the other hand, as a first time user of QGIS, you will probably need to somehow find your way through it or log onto YouTube and an Indian dude will give you a tour of all you need to know.

By this point, you are already getting the vibe, and while QGIS does not have an upper hand in everything, it comes on top as it is more accommodative and offers a vast array of options for its users. By choosing to work with QGIS, you will cut costs as well as get the most from what a geo-information system has to offer. However, if you are still curious and are looking to get hands-on experience, then you can still opt into ArcGIS, of course, with the right operating system as well as equipped with a licence fee, and you will be good to go. We can all agree that nothing beats hands-on experience, but at least you will go into it prepared and not get your hopes and expectations shattered.

One of the reasons that has made QGIS seem to be superior to ArcGIS in terms of its practicability and ease of access is due to the fact that QGIS is a community software that allows people to add on to its functionality while ArcGIS is developed and regulated by ESRI, and the team behind it has put in a lot of effort into making it a good competition. The disparity in these two operations will definitely stiffen the completion but you can expect more changes and developments in QGIS than you will find in ArcGIS. But remember, if you have a few extra bucks to spare you can run both of them concurrently.

Related Links

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LG Group Porter Five Forces Analysis

What will I learn in this LG Group Porter Five Forces analysis? You’ll gain a deeper understanding of the various forces that call the shots in the industries LG operates in. We’ll use Michael Porter’s Five Forces analysis to dissect LG. You’ll get a glimpse into the company’s competitiveness and attractiveness (or lack of it).

As a student taking Economics, Accounting, Marketing or Business Management you will be required to conduct five forces analysis on different companies. Our expert economics essay writing service has a repository of different analysis done. Below are some of the most popular five forces analysis done.

Porters five forces analysis on Uber

Porters five forces analysis on AirBnB

Let’s dive right in and look at LG a little more closely.

What Does LG Do?

Before we launch this LG Group Porter Five Forces analysis, let’s learn a bit of the company’s history. We’ll also briefly talk about LG’s business and products.

The LG story starts way back to 1947.That’s when the LG Corp set up shop as Lak Hui Chemical Industrial Corp in South Korea.Later on, Lak Hui entered the plastics industry. Afterward, the company expanded into the electronics space.LG Chem is the modern-day Lak Hui.

In 1958, the company founded GoldStar Co. Ltd which later became LG electronics. Mr. Koo Bon-Moo, the company’s founder, changed GoldStar’s name to LG in 1995. The company uses a particularly catchy tagline— Life’s Good. It’s easy to think LG is abbreviation for Life’s Good.

4 Major Business Units

LG comprises four major business units namely:

Mobile Communications

Home Entertainment

Vehicle Components

Home Appliances & Air Solutions

The company offers a diversity of products including TV sets, digital cameras, washing machines and wearable devices. It also produces smartphones, storage devices, refrigerators, tablets, smart appliances, and computer monitor.

LG is best known for its LCD TVs. The company has remained the second-largest LCD TV manufacturer since 2008. LG sells way more than just consumer electronics. However, this LG Group Porter Five Forces analysis will focus on LG’s electronics business.

What’s Porter Five Forces Analysis?

Before we start performing our LG Group Porter Five Forces analysis, let’s first grasp Porter Five Forces analysis. In 1979, Michael Porter wrote an article that was chock-full of great insights. Unsurprisingly, the article got published in the Harvard Business Review.

Then, the article attracted truckloads of attention from the business world. Today— 40 years later — Porter’s work continues to reverberate throughout academia and business. His ideas are as relevant and valuable as they were when he first shared them with the world.

Porter’s Five Forces amount to a framework that helps businesses understand the competitive forces that define a given industry. Porter believed that it was these competitive forces that decided who got how much of an industry’s total value.

Application of Porter’s Five Forces Analysis

Today’s world is complex. And things aren’t getting any easier. New businesses are getting established at an unprecedented rate. For entrepreneurs, cutthroat competition has now become a fact of life.

A thorough Five Forces analysis helps investors assess a company’s attractiveness. It also enables them to gauge how emerging trends may affect competition in a particular industry.

Also, the analysis helps develop a clear understanding of which industries a business should consider entering. In addition, the analysis empowers decision-makers to devise better strategies for positioning a company for success.

Let’s now examine how each of Porter’s Five Forces work in LG. But before that, let’s quickly list down Porter’s Five Forces.

Porter’s Five Forces Analysis of LG

Threat of Substitute Products

Bargaining power of suppliers

Bargaining power of buyers

Threat of new entrants

Competitive Rivalry

This LG Group Porter Five Forces Analysis will examine how each forceis working for or against LG. But before we embark on the analysis, let’s take a peek at the consumer electronics market.

How big is the market? How is it performing? Is it expanding? What does the future look like?

A Peek at the Consumer Electronics Market: Industry Analysis

At this point in this LG Group Porter Five Forces analysis, we need to focus on industry competition. How big is the consumer electronics market? How low or high are the barriers to entry?

According to Zion Market Research, the value of the global consumer electronics market was $1.172 trillion in 2017. It’s a vast market, evidently.

The consumer electronics market in 2018 grew by 6 percent to 138 billion Euros or about $123 billion. TV equipment sales dominated consumer electronics market (75%).

LG happens to be the second largest manufacturer of LCD TVs worldwide. Growth from Knowledge predicts that the market will expand 4 percent in 2019. Of the revenue expected, LG will grab about 45% going by past numbers.

The Industry is Expanding, but it’s Quite Competitive

The industry is growing, but the growth rate isn’t encouraging. Consumers nowadays seem eager to own fewer, sleeker devices. Actually, global smartphone sales have continued to slump since 2016.

One would think consumers should be willing to pay higher prices for the added value they keep demanding. But that’s not happening. Instead, consumers want and more and more value at lower and lower prices.

The consumer electronics space is doubtless a high competition arena. And with new companies entering the industry continually, competition can only worsen.

Are you ready for LG Group Porter Five Forces analysis now?

Let’s roll.

LG Group Porter Five Forces Analysis: Threat of Substitutes

If a company’s competitors are stronger than it, suppliers often start wooing them (competitors) for business.

In a low-competition industry, companies wield much power. They can usually command higher prices for their products. And they can easily design deals that work in their favor.

In this section of the LG Group Porter Five Forces analysis, we’ll identify the company’s main competitors. We’ll also cast a glance at some of the products facing the threat of substation in the market.

Will Personal Computers Replace TV Sets?

People can use personal computers to watch their favorite programs instead of watching LG’s LCD TVs. Pretty much anyone with internet access can do that.

But how many people really watch TV via their laptop or desktop? Very few. Preferences may shift in the future. But as things stand, LG TVs are here to stay.

But Smartphones are a Huge Threat to Digital Cameras

How many people today hesitate to buy expensive digital cameras because they can use their smartphones? It’s lots of people all over the world.

Smartphones are increasingly substituting for digital cameras. The high-quality in-built cameras that most affordable smartphones feature are the culprit. Luckily, LG’s revenues don’t lean heavily on camera sales. But there’s clear threat right there.

Consumers continue to demand LG’s TVs, smartphones and other products. Demand may slow down the road, as it often does. But it’s unlikely LG’s main products will get eliminated completely by substitutes.

One may safely conclude that LG doesn’t face a high threat of substitutes. The company should probably carry on riding the smart devices wave for the foreseeable future.

What about Storage Devices?

LG manufactures storage hardware drives. But what are the threats here? Google Drive and Dropbox are inventions that should worry LG. These two are emerging as worthy substitutes for storage hardware drives.

However, it’s likely that storage devices will get pushed out of the market gradually. There’s no Google Drive or Dropbox revolution to talk of currently. LG probably has sufficient time to think up new products or services to counter the onslaught.

Threat of New Entrants: Low Barriers to Entry Compounded by Crowdfunding

What are the barriers to entry like into the consumer electronics market? Admittedly, a new business would require a huge capital outlay to establish itself in the business. But a little research reveals that the entry barriers are generally low.

It’s relatively easy for a little-known company to set up shop today, market hard, and shootto global recognition tomorrow.

The cost of components is plummeting. Manufacturing is becoming less expensive. Throw crowdfunding into the equation. And it’s easy to see why competition in the consumer electronics market stays stiff throughout.

It’s Tough for New Entrants to Wrestle LG, Though

In this LG Group Porter Five Forces analysis, it’s important to mention that LG enjoys certain advantages over new entrants.

First, its products are well-known all over the world, especially in South Korea, Europe, and North America. Generally, it’s easier to push a good popular product than a new one which has yet to prove itself.

Second, LG has established systems and processes and is familiar with the challenges facedin the electronics market. Besides, the company is deep-pocketed. It can hire the best engineers, technicians, and innovators on the planet. However, history is replete with accounts of underdogs who eventually overpowered monstrous opponents.

Third, owing to its size, LG can always leverage economies of scale and suppress its production costs. That can allow the company to push down prices, giving LG tremendous power.

Competitive Rivalry: LG Battles Many“Serious” Competitors

Best known for its top-notch electronics, LG battles legions of competitors. In our LG Group Porter Five Forces analysis, we found that LG contends with 19 major companies.

Some of LG’s worthiest competitors includeSamsung, Panasonic, Sony, Whirlpool, Philips, and Electrolux. There’s also Toshiba, Huawei, Dell, Apple, Vivo, Oppo, Xiaomi, Haier, Midea & Carrier Midea, and Canon. And don’t forget Lenovo, HP, and Sony Vaio.

Competitors Do the Same Business as LG, Reducing its Power

Most of these competitors are in the same business as LG. Some like Apple and Dell focus on PCs. Others like Sony and Samsung are huge players in the TV and smartphone markets. And Canon competes with LG in the cameras space.

These companies are well-known global brands. Some of them such as Apple, Sony, and Samsung sell products that enjoy widespread acceptance.

But it’s not just thehard-charging competitors that worry LG. Legions of small consumer electronics manufacturersare sprouting all over. These two factors are a threat to LG’s power. The only way LG can stay ahead of the pack is to hire the best innovators it can afford. But the fact that LG’s competitors sell similar products to it reduces LG’s power enormously.

LG Group Porter Five Forces Analysis: Power of Suppliers

No business ever wants to be at the mercy of large, power-wielding suppliers. It’s best when there are many suppliers of the same materials in the market.

If a supplier dominates the market, they can easily negotiate better prices with businesses such as LG. And if they supply a unique input, they can negotiate deals that can win them serious economic advantages.

So who supplies to LG?

LG works with bothdirect suppliers and indirect suppliers. Direct suppliers provide components and raw materials. In contrast, indirect suppliers provide mostly services including IT and advertisement. This LG Group Porter Five Forces analysis will focus on LG’s direct suppliers, though.

LG’s Direct Suppliers

LG workedwith more than 2,600 direct suppliers in 2015. And the company keeps attracting new partners.

The majority of these suppliers (about 75%) are based in Asia while the rest come from other regions. About 1,000 of all LG’s suppliers are in South Korea. LG purchases roughly 32 percent of the components it needs in South Korea.

Chinese suppliers provide about 25 percent of mechanical parts while Europe supplies approximately 7 percent of raw materials. The Americas ship in about 22 percent of electronic parts. The company obtains about 15 percent of semiconductors from Asia.

Thousands of Suppliers Continually Seek to Clinch LG’s Business

Thousands of eligible companies from around the world keep pestering LG for approval to become its suppliers. LG is a humongous buyer. It’s relatively easy for the company to swap to a new supplier in case of problems with an existing supplier.

Most suppliers would love to win this big account. While LG needs these suppliers, most of them need the company more. And that does erode their power considerably. It’s not hard for LG to approach its suppliers and say, “Look, we can get a better deal elsewhere.”

How Much Power Do Buyers of LG’s Products Wield?

Consumers are a fascinating lot.

One time they’re demanding a product with certain amazing features. Another time they don’t want the product at all. They want something better. And at lower prices. That inescapable reality incessantly piles pressure on manufacturers such as LG.

LG isn’t a Monopoly, Unfortunately

LG can’t behave like Henry Ford once did. Henry Fordonce said, “You can have any color you want, as long as it is black.” Ford gave consumers what he thought they needed rather than what they’d have said they needed.

But that was many years ago in a country where most people relied on horses for transportation. A lot has changed since then. In the 21^st century, holding such commercial beliefsis pretty much self-sabotage. There are many companies doing what LG does. And if LG won’t do a great job, consumers have numerous options.

LG’s Smartphones and TV Sets

LG sells lots of high-end TV sets and smartphones. Frankly, though, LG’s smartphones aren’t the most popular on the planet. But as mentioned elsewhere in this LG Group Porter Five Forces, LCD TVs are seeing high and growing demand.

About 50% of the TV setsLG sells are high-end and their display screen is at least 50 inches wide. It does seem like high-income and middle-income consumers want bigger, better things. But will that preference last? Only consumers can decide that. They have enormous power. And they’ll continue to wield it over LG.

LG Group Porter Five Forces Analysis: Final Thoughts

This LG Group Porter Five Forces analysis concludes that LG is an attractive investment in many ways.

Lots of large suppliers from across the world would love to have LG as their client. And that gives LG serious advantages.

New entrants have a chance in this business. But LG can leverage its systems, processes, people, and brand recognition to protect itself against competition.

Competitive rivalry in the consumer electronics space is alive and well. LG battles a bunch of huge competitors including Samsung, Sony, Philips, Apple, and many others. Also, there’s a lot of competition in the industry. And growth numbers don’t look that rosy. Fortunately, LG controls a sizable portion of the smart TV market.

But consumers of electronic goods wield considerable power over LG. If the company won’t satisfy their ever-changing needs, they’ll look elsewhere. Given LG’s ability to continually innovate, LG is likely to remain a dominant player in the market.

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Airbnb Porter Five Forces Analysis

Are you a strategic management student looking for Airbnb Porter Five Forces Analysis sample essay? our cheap business capstone project writers in an endeavor to assist our clients pass their essays and homework wrote a free sample essay analyzing airbnb business model. The analysis used Porter’s Five Forces Model to evaluate the strength and weakness of the company and also the operating environment that airbnb operates in.

With over 3,000,000 lodging listings in 65,000 cities and 191 countries; Airbnb (www.airbnb.com) is a virtual marketplace and hospitality service that empowers individuals to lease or rent short term accommodation comprising of vacation and apartment rentals, homestays, hostel beds or hotel rooms. Instead of booking into a hotel or B&B, users stay in other people’s properties, potentially enjoying a more quirky and personal experience. The business does not own any lodging; it is merely a broker and receives percentage service fees (commissions) from both guests and hosts in conjunction with every booking. Users can hunt for lodging using a variety of filters including lodging type, dates, location, and price Airbnb can be accessed via either the Airbnb websites or mobile applications for iOS, Apple Watch, and Android.

With the use of Airbnb App, travelers can easily search the database for available properties by entering details about when and where they would like to travel. They can additionally upgrade searches by:

Room style – whole place, secluded room or joint room
Fee – range from minimum to maximum
Size – number of bedrooms, bathrooms, and beds
Amenities – Internet connection, kitchen, pool, etc.
Property type – standard properties like apartments, houses and bed & breakfasts
Host language – English, French, and Germany

The purpose of the Porter’s five forces analysis on Airbnb is to determine competitive advantage and Airbnb strategies to reach more travellers . Porter’s Model of competitive analysis is a widely used approach to develop a strategy in many industries. According to Porter, competitive nature of the industry could be seen as a combination of top five strengths, namely rivalry among existing competitors, the threat of new entries, threat of alternative products, and the negotiating power of suppliers and customers.

Airbnb Porter Five Forces Analysis : The potential threat of new entries

The threat of new entries into the market for Airbnb is considered weak and flexible. On the surface it seems like there aren’t many barriers to entry and that any website could pop up to compete with Airbnb. However, Airbnb is not only well funded but is in operation in nearly 200 countries. For any company to pose a threat, they will need both access to millions in capital to venture into the account and an excellent brand equity to capture the requirements and demands of customers and compete with Airbnb.

Airbnb Porter Five Forces Analysis : The threat of substitutions

The threat of substitutes is quite high because switching costs are non-existent to individuals who utilize Airbnb. Customers can very easily choose a traditional hotel, B&B, hostel, and couch surfing, as an alternative in the future. As Airbnb is growing, so is its competitors or companies who offer the same concept. These companies usually fall into three principal categories:

Hotels: They considered as the most readily available and well-known way for every traveler to stay. With the existence of Airbnb, hotels have noticed the changes in consumer preferences due to the availability of new social-oriented products, homier settings, and more functional apps. Hotels have thus managed to achieve this demand by growing their portfolios by adding brands that are intended to appeal to millennial customers and those who want less service and more connectivity — both technologically and with shared space.

Hostels: Hostels tend to be attractive for backpackers traveling alone and wanting a great way to meet like-minded travelers because these accommodations not only provide ample opportunities for social interactions in the communal areas but are cheaper and have a more youthful, intimate vibe than a traditional hotel. Features such as communal breakfasts, weekend party occasions, and fun little structures like book exchanges and rooftop cinemas create a delightful atmosphere is attractive to many travelers who would rather waive modern amenities of pools, room service, and polite if impersonal customer service that are mostly offered in other establishments.

Couchsurfing: This is a web platform founded in 2004 where hostess of all over the world offers their sofa or a place to stay for overseas people with no cost at all. It supports a global community of 10 million people in more than 200,000 cities worldwide and does not have standard ‘listings,’ as hosting is optional and voluntary. The main reasons why budget travelers prefer using couch surfing are;

There is a significant possibility of finding free lodging all around the globe.
A traveler can choose a host based on location thereby enabling them to stay downtown instead of a low-priced motel a few minutes away.
Individuals on couch surfing are interesting people who are well traveled and always glad to teach and share life stories with their host. This trait makes their trips much more exciting and may even turn some hosts to longtime friends.

Airbnb Porter Five Forces Analysis : Negotiating power of customers

The negotiating power of clients with regards to Airbnb is high because at the moment they have a broad range of services to choose (price, location, and host rating).

The economic growth has always been helpful in developing the tourism and hospitality of a country. Compared to other options like hotels or motels, Airbnb has been considered as a cheaper option for most travelers. Though travelers have no avenue of price negotiation of the rooms or apartments with the host in the Airbnb web platform, they, however, have the buyer power in the alternatives of prices and styles available for them to choose from and can thereby quickly decide on the residence where they will stay without hurting their finances.

Airbnb Porter Five Forces Analysis : Bargaining power of suppliers

The bargaining power of vendors is meager because Airbnb who control the connection between the two parties has made it hard for individuals trying to rent out their rooms and apartments do not have an alternative method to connect with customers using the Airbnb App.

For Airbnb, the supplier is the host that offers the room or apartment to travelers; they are the ones that make the business happen. The hosts are the basic level that provides potential clients services that they require. Airbnb works in tandem with the host to avoid problems with the customers. Though there is nothing comparable to a union for these suppliers to work together to place demands on Airbnb, Airbnb, however, offers hosts the liberty to decide the conditions to their boarders, always following some rules and brand principles. The host can choose if he or she wants to alter the price depending on any situation. The rents are exclusive and focus on unusual places for a high volume of travelers thereby providing a range of prices for all types of customers.

Airbnb Porter Five Forces Analysis : Inter-firm rivalry

Rivalry among Existing Firms is usually the greatest force in five competitive forces. The inter-firm rivalry is moderate or even low. There are several high-quality Airbnb competitors with networks and websites similar to Airbnb. Sites such as OneFineStay.com,Tripping.com, HomeAway.com, Expedia.com are working overtime to overthrow Airbnb from its throne. One competitor that has inevitably caught the attention of Airbnb shareholders is Onefinestay.com. Onefinestay is a 5-year-old London startup that operates as an upmarket Airbnb service, renting out expensive homes and apartments to tourists in cities around the world while the owners are away. Currently, in operation in London, LA, Paris and New York and over 10,000 homes in its books, the houses available on the site are much swankier than those typically set up on related sites like Airbnb, with the regular charge for a onefinestay property being above $600 (£382) a night. Onefinestay also washes each property before and after people stay and offers linen and skincare product, just like a hotel would. The company also takes all its photos of the properties to market them

The company is giving Airbnb a run for their money as it expands deeper into the market with the recent announcement of a $40 million (£25.4 million) new funding from an array of top financiers. Everyone from the technological arena like Intel Capital to hotels such as Hyatt Hotels has taken a ride in the investment wagon, which doubles the total raised by the firm to $80 million (£50.8 million). This, according to the CEO Grey Marsh, means that the company will be enabled to penetrate an identified market in 100 cities around the world.

Airbnb Porter Five Forces Analysis : Gaining Competitive Adavantage in Competitive Business Environment

The development of the industrial world is rapidly increasing competition. In the 21st century, the development of a company is driven by the information system to serve its customers. Enterprises that do not want to grow regarding information systems will gradually be abandoned by the client because it is felt to be ineffective and less helpful or interactive. The market offers so many comparable and nearly identical structures and services to meet the ever growing demands of customers. Airbnb operations have stood the test of time, although in 2009 it was declared bankrupt, it managed to dust itself off and prove it can survive all trials and tribulations that exist in the operations of a business. In the past, these types of services were used widely by thrifty tourists looking for low-cost places to stay in a particular city. Nowadays, however, more and more business travelers and professionals are looking to Airbnb for exclusive and unforgettable memories. Although there are specific hazards associated with using a standard economy system such for Airbnb, it goes without saying that the company is working towards mitigating them to continue enjoying a piece of the online service pie.

Author Bio:

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Porter’s Five Forces Analysis on Uber

Are you a student looking for write my economics assignment on Porter’s five forces analysis on Uber or any other disruptive company? Our homework writers assist students write high quality case studies, term papers, essays, assignments or homework on management, marketing or economics papers at affordable prices. In our efforts to showcase the writing and research skills of our writers, we regularly publish papers on the most sought after topics. This post presents Porters five forces analysis on uber company and explains reasons the company is so successful. Uber is hailed as a major disruptive force in the taxi and logistic business. The company that was started as a black car service has grown to become the biggest taxi hailing service operating in 58 countries and with a market valuation of over over $60billion

Michael Porter’s five forces analysis assists in analyzing of the level of competition and business strategy development that shapes every industry and helps determine an industry’s weaknesses and strengths. It draws upon industrial organization economics to derive five forces that determine the competitive intensity and therefore the attractiveness of an industry. The five forces framework works by looking at the high points of five essential elements that affect competition. These fall under Supplier Power, buyer power, competitive rivalry, threat of substitutions and potential new entrants.

Understanding the network channels, potential growth and attractiveness of a company in the transportation industry demands the use of Porter’s five forces analysis. Uber is one of the fastest growing omnipresent ride-sharing transportation company that has managed to command a significant presence in the main parts of the world spreading by over 60 countries since its inception in 2009. Within the few years of existence, the organization has succeeded in capturing the loyalty of its customers by catering to the on-demand rides of individuals of all caliber of society. This has, in turn, enabled Uber to expand its market share and provision of better services. With the enormous glory and popularization surrounding the company, Porter’s Five Forces Analysis brings to light the strengths and weakness the firm possesses in the industry in various countries.

1. The potential threat of new market entrants:
A company’ position can be immensely affected by the ability of other organizations to enter their market. The potential risks that the enterprise face are as follows;

Setting itself in the technological arena, Uber aims to provide a linking bridge between customers and transport providers. This market requires a higher amount of initial capital to start up, and though Uber’s founders parted with a substantial amount of capital, upcoming rivals are utilizing lesser initial capital to jump start their operations thereby quickly penetrating the market.
Though Uber’s policy is to freely offer their software to willing clients, these services can however easily be swapped at zero charges. As the demand to balance costs become imminent, Uber is not invulnerable to raising rates, making it easier for other organizations to penetrate the industry. The ease of service swap by customers is a strong force because it defines the firm’s survival rate in the sector.
Various problems have popped up in Uber operations; legal issues, negative press around several areas and even fines by government authorities such as Germany, France, India, Thailand, Netherlands and United Kingdom has made the market to be under controversies thereby making new entrants very cautious stepping into the business. This has at least for a short period, reduced the threat of new entrants into the market who must work in overcoming all these challenges.
As a technology-based company, it is not easy for Uber to stop any form of imitation by any other transportation firm. This means that it is easy for the concept to be copied by new ride-sharing companies and other competitors thereby to not only operate in the same way as Uber but to also charge less for the same distance.

2. The threat of substitutions:
A Substitute is a well know fear that is experienced in a competitive business environment. In the transportation industry, there are numerous member organizations that can quickly provide a replacement for Uber services. With the service quality that Uber provides, taxi services, for instance, is the closest opponent and a potential substitute emerging from the traditional transportation industry. Taxi service is traditional to towns with ride-sharing operations because of both its lower-cost and efficiency, and user-friendly designing. As such, their abundance is enough to curb Uber from elevating the service fees. It is noteworthy that due to price sensitivity, a minor rise of Uber rates can result in customer taking on the services of its closest adversaries and alternatives. Moreover, due to the presence of other public means of transport like trains, private cars and even self-driving cars (Google Cars) that offer similar services can threaten Uber’s existence or operations. A constant threat of substitutes is currently a weak force in the case of Uber.

3. Supplier Bargaining Power

This is the ability of suppliers to drive up the prices of a company’ inputs. The threat of supplies to Uber is experienced below:

One of the leading suppliers of the transportation industry is the availability of drivers. Uber does not own vehicle among its fleets. As such, the company’s business model is mostly dependent on drivers owning cars. Regrettably, the concentration of this group of suppliers to work for Uber is not very high due to the stringent requirements needed to be hired by Uber. Uber utilize a subcontracting policy for its employment process to individuals that meet the terms of use of their web application. It is also tough to substitute individual drivers as they are given the freedom to choose between the organization and rivals. This results in drivers negotiating for better attention to the company’s expense. Therefore, it is undeniable that the suppliers have a stronger power in impacting Uber’s performance.
Oil and gas suppliers is another major provider. The oil price has been plunged since 2015, and the lowest level has reached less than $30 in the year 2017. Highly fluctuation of the price of such an essential component to company’s transportation industry brings a high risk to the market because of the level of uncertainty and non-predictability of oil to powers vehicles. Suppliers of these components thereby have a high bargaining power in the operations of Uber.

4. Threat of buyers: High- Buyer Bargaining Power
The strength of customers can affect the performance of a firm by lowering the prices placed on the products and services.

Uber’s clienteles are sensitive to price variations due to the existence of alternatives and rivals. As the market grows bigger, the number of opponents bringing customers more choice also becomes larger thus makes the switching cost for customers comparatively low. This is because Uber application software is not only free but just requires a client’ registration. Customers can therefore freely choose between Uber, Curb, Lyft, or other emerging ride-sharing entities at no cost.
The number ownership of private cars has experiences a huge rise during the past few years, and though the parking problems have been more severe than ever before, this has not stopped individuals from desiring the status attached to one owning a car. This as an alternative means that the demand for Uber services is low.
In light of these factors, the buyers’ bargaining power has limited the amount of income for the firm, hence solidifying it as an active force.

5. The degree of rivalry:
This is the strength of competition in the industry. The trend of concentration of the industry appears to be higher than previous years, and the existing companies in the market compete with both suppliers (car drivers) and customers.

Though there are some competitors such as Curb and Didi Chuxing, Lyft is considered the principal competitor of Uber. Lyft has an almost indistinguishable business ideas and procedures to that of Uber. Not only are the two firms contending for market share but also the suppliers. A modern business setting demands organizations target a customer base within a given geographical locations to cut on the operation cost. This is the incident for Lyft and Uber. Uber has a deep-rooted business system and massive capital investment. In essence, it is a market trail-blazer, but small variation strategies limit the firm’s potential. Competition is a weakening force given Uber’s supremacy. Uber is indeed a dominant force in the ride-sharing industry. However, there is a need for improvement of its innovative strategies to gain a competitive edge. The transport sector especially the US has many alternates and competing entities. To survive, it is vital for Uber to lower the cost of operation to avoid raising customer charges.

It is not identified what Uber’s future is. Google Cars are a serious threat to its success. Uber should address the flaws found in the SWOT and turn weaknesses into strength. The team must work and exploit the opportunities and avoid the shortcomings.

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Sample Homework on Human Resource Management

Question 1

The ADA creates a protected class called “qualified individuals with disabilities.” Discuss what this phrase means and how one qualifies for protection.

Many were times that people with disabilities were often discriminated and overlooked in employment opportunities, and those who were lucky to get employed suffered under the weight of workplace discrimination. This led to enactment of legislations such as the Americans with Disabilities Act, which is commonly referred as ADA. The ADA is a piece of legislation that came into force on July 26, 1992. According to Veres & Sims (1995) the American with Disabilities Act was designed to prohibit any form of discrimination against individuals with any physical or mental disability. This Federal law outlaws any form of discrimination or prejudice that persons with disability may be subjected to in private or public places. Blanck (2000) observes that ADA is akin to civil rights laws that protect individuals against prejudice of race, religion or ethnic backgrounds. Therefore, the American with Disabilities Act ensures that persons with disabilities enjoy equal opportunities in jobs, government services, public participations and other spheres of life.

The provisions of ADA created protected class of American citizens called “qualified individuals with disabilities.” Veres & Sims (1995) explain that this class of citizens constitutes disabled individuals who are willing and qualified to work despite their impairment, either physical or mental that has significantly limited their major life activities such as speaking, seeing, hearing or engaging in manual tasks. In order to give disabled individuals an equal opportunity in the workplace, the ADA Act stipulates that an employer should make adjustments in the employment practices to provide disabled individuals equal opportunities. These adjustments, under provisions of ADA are termed as reasonable accommodation and are changes or modifications done to a job or work environment to ensure that people with disabilities work successfully. Failure by an employer to provide reasonable accommodation to individuals with disabilities, Veres & Sims (1995) assert that qualified individuals with disabilities have a right under ADA to seek adjustments for employment practices like hiring process and on the job.

Question 2:

Compare and contrast the difference between FMLA interference and FMLA retaliation. Additionally, articulate the requirements for an employee to be covered under FMLA. Lastly, if an employer desires to provide FMLA protection for employees, but the employer does not have the requisite number of employees to qualify under the statute, can the employer nevertheless decide to provide FMLA protection to its workforce? Why, or why not. Explain in full.

The Family and Medical Leave Act (FMLA) is a labor law that came into force on August 5, 1993 after it was signed into law by the then President Bill Clinton (Aitchison, 2003). The law requires that employers to grant their employees 12 weeks of unpaid, job-protected leave on grounds such as caring for a sick family member, medical reasons or to care for a newborn child or adopted child. Besides unpaid leave, an employee who is on leave under FMLA is entitled to carry-over of health benefits and other benefits during the leave and resumption of his job position on return from the leave. For an employee to be eligible for FMLA he must be employed by a company with at least 50 employees within a radius of at least 75 miles, he must have worked for the company for at least one year or having worked for 1250 hours within the past 12 months (Bruce, 2011; Walsh, 2009). On the other hand, an employer cannot provide FMLA protection to his employees if he does not have the requisite number of employees, which is at least 50 employees; however, some states have lowered this threshold. Walsh (2009) continues to observe that under FMLA, an employee can take intermittent leave as long as it amounts to 12 weeks.

According to the Family and Medical Leave Act an employee should not be subjected to any form of victimization, interference, discrimination or retaliation for having exercised his rights under the act, however, in some instances, employers victimize or discriminate against employees for exercising their rights under FMLA Act. The provisions of FMLA addresses two forms of legal redress that employees can use to protect their rights under FMLA and include FMLA retaliation or FMLA interference. The FMLA interference is a provision that outlaws employers from interfering or restraining employees enjoy benefits or entitlements under FMLA. In this case, an employee ought to show that he was lawfully entitled to FMLA entitlements but was denied. FMLA retaliation, on the other hand, is a provision that makes it unlawful for an employee to discriminate or terminate employment of an employee who opposes practices that contravene FMLA Act (Aitchison, 2003).

References

Aitchison, W. (2003). The FMLA: Understanding the Family and Medical Leave Act. New York: LRIS Publications.

Blanck, P. D. (2000). Employment, disability, and the Americans with Disabilities Act: issues in Law, Public Policy Research. New York: Northwestern University Press.

Bruce, S. (2011). Family and Medical Leave Act. Retrieved from, https://hrdailyadvisor.blr.com/category/fmla/

Veres, J. G. & Sims, R. R. (1995). Human resource management and Americans with Disabilities Act. New Jersey: Greenwood Publishing Group

Walsh, D. J. (2009). Employment law for human resource practice. Ohio: Cengage Learning

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