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HMD 454 University of Nevada Las Vegas Porters Five Forces Model of Hyatt Essay

HMD 454 University of Nevada Las Vegas Porters Five Forces Model of Hyatt Essay

Question Description

This assignment should include three parts. The first part defines your company’s (Hyatt’s) industry, suppliers, customers, substitutes, and competitors. The second part is a visual model of Porter’s 5 Forces, which includes criterion for each force to evaluate its strength/power. The criterion must be included inside the model. You will need to ensure the formatting is appropriate and that the textboxes are kept in place. There are tutorials online via searching Google, to help with this. The third part is a discussion about the implications of the model. This section should be approximately 1-2 pages.

I will attach the PowerPoint of the Porter’s 5 Forces lecture, a format for this assignment, example of the assignment (Disney), and pervious assignment about Hyatt (overview, mission, vision, Values, 3Ps, and Stakeholders).

PLASE read them before working on this assignment

Criteria

• Create a visually effective Porter’s 5 Forces model for the business segment in which your company operates (e.g., casino resorts, major hotel chains, entertainment). The model must contain content, no “empty” models.

• Briefly describe the type of suppliers, customers, substitutes and competitors on which your analysis is based.

• Evaluate the strength of each force based on 3 criteria from the class lecture and text.

• For each criterion, justify your evaluation with an example or reason that applies specifically to your business. These should be brief and included within the model (see Figure 2.4).

• Discuss the implications of the model: What forces present the biggest threat to your company? What actions do you recommend to manage the 5 Forces?


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