Part 1: Porters’ Five Forces Analysis
The favorite team selected for Porter’s five forces analysis is Sydney FC. The five forces analysis comprises of the suppliers’ bargaining power, consumers’ bargaining power, new entrants’ threat, substitute products’ threat, and competitive rivalry. Regarding the suppliers bargaining power, the suppliers provide Sydney FC and other sports teams with inputs while the relationship that they have with the club is of a different state. The providers of kits establish agreements with the club hence offering them with supplies together with extra financial advantages. This indicates that the outputs’ cost remains significantly high whereas the players who serve as suppliers have a tremendously high bargaining power. When it comes to consumers’ bargaining power, the clients serve as the sports fans who select their favorite football club while their dedication to the team progresses during the long run. With the decision of sports raising prices depending on abundance of fans showing willingness for paying, it serves as an indication that the bargaining power of the consumers is low. On new entrants’ threat, the sports sector is peculiar meaning that the uncertainty element of probable new entrants remains low. This is because the league members have awareness of clubs that are receiving promotion. Thus, the threat of new entrants is low in this case. Regarding substitute products’ threat, it is essential to note that in the football sector, football serves as the product that is produced. The product might fail to be similar in diverse instances, but still serve as a single product. In the case of Sydney FC, the threat of new entrants is low mostly because it is not possible for its fans to prefer other games. On competitive rivalry, every football club has distinct clients (supporters) from others while it does not target winning other teams’ supporters. The reason for this is that supporters of a certain club do not serve as a different club’s fans (Bischoff, 2017) . Competitive rivalry in this case is low.
Elite Team Sport Differ from Corporate Industries
The elite team sport differ from other corporate industries in that elite team sports lay major emphasis on attracting a significant number of fans without emphasizing on finances receives whereas corporate industries focus on attracting many fans in order for them to realize increased profitability and competitiveness in the market.
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Part 2: Differences between Industry Analysis, Environmental Analysis, Consumer Market Analysis, and Competitor Analysis
Industry analysis entails efforts aimed at interpreting a certain industry’s relevance needs to market needs. Investors utilize industry analysis to allow them assess probable profits. For instance, an industry losing dominance of the market to new technology lacks ideal prospects for growth. Environmental analysis serves as a strategic tool that focuses on identifying the different internal and external threats that influence the performance of an organization. For example, the analysis targets identifying the opportunities and threats that face an organization. Consumer market analysis is an initiative aimed at gathering increased information concerning consumers from the market, such as their needs, ideal demographics, and target market. This form of information facilitates in segmentation of the market to facilitate in additional market research efforts. Competitor analysis entails the process of identifying rivals and assessing their approaches, which facilitates in the determination of their weaknesses and strengths while comparing them with those of a certain organization’s services or products (Varghese, 2012) . It plays an essential role in the marketing plan of a company.
Importance of Looking at Each Environment Individually
Looking at each environment individually is of significant importance mostly because it assists in planning the long-term strategy of an organization. Undertaking individual analysis of the environment makes it possible to identity key factors that can allow an organization to devise policies and plans that can assist in accomplishing the objectives of an organization. Failure to consider each environment individually might lead an organization to fail in establishing an effective strategy for its success. Assessing every environment individually also contributes to the decision making process. Decision-making entails choosing the best alternatives from diverse existing alternatives (Stevens, 2012) . Undertaking an environmental analysis individually fosters in gaining increased understanding of the business, which facilitates in effective decisions inside an organization.
Lesson 4: New Sport Facility Development
Part 1: Becoming LEED Certified Makes Financial Sense
When an organization becomes LEED certified, the move makes financial sense in that a company is able to save money. Acquiring the LEED certification allows an organization to save money during the longer-term. This is particularly essential for enterprises that engage in commercial enterprises, which require minimizing their costs significantly. Through improving things, including water efficiency and energy efficiency, a firm is able to minimize its utilize bills, which might add up to tremendous amounts during the longer term, particularly when it comes to big buildings. LEED certification also makes financial sense through the establishment of a healthier environment. In the event of buildings constructed as well as operated in a manner that is not environmentally friendly usually comprises of unhealthy indoor settings. Most of the individuals operating in these kinds of environments develop illnesses mostly due to what is understood to be the sick building syndrome. This kind of an environment leads to reduced productivity and absenteeism hence the reason as to why establishing healthy settings is essential (Cottrell, 2011) . A healthier workplace setting leads to a more comfortable environment for working.
During the decision-making process, several financial pros and cons that would go to the decision making process would prevail. On the pros, the organization would realize increased savings due to reduction in hazards and increased productivity. On the cons, the organization might experience increased costs due to subscription to these kinds of services, which might become intense during the long run (Carpenter, 2013) . From the cost of certification and all the state of art equipment needed, it would be possible to figure return on investment by determining the increased savings and productivity due to adopting the certification.
Part 2: Localizing Architectural Identity
Certain differences prevail architectural identity between Zaha Hadid design for the 2020 Tokyo Olympic Games and the Denver Broncos’ new stadium regarding considerations for the local community and architectural identity. When it comes to Zaha Hadid case, for instance, Japan has focused on redesigning the stadium while disregarding the elements that identify the area historically while various individuals have opposed its construction mostly because it fails to observe the culture of the region. Here, it can be regarded as emphasizing on architectural identity while failing to consider the interests of the local community in identifying themselves with the stadium, which might serve as a form of identity for the local population (Associated Press, 2015) . In the case of Denver Bronco’s new stadium, it has laid emphasis to the culture of the community in that it has provided the fans with a means of creating backgrounds that support their local teams (Stadium Management Company, 2013) . In this vein, it becomes possible for the fans to show increased support for their home team, which leads them to become supportive of the different sports that are held at the stadium. As such, it focuses on the needs of the local community that has reflected the culture of the area.
Part 2: Sports Facility and Culture
The facility selected that depicts Thailand Boxing is the Western Boxing Gym Thailand. The facility reflects the boxing culture in the country in that it offers an avenue whereby athletes can sleep, train, as well as eat in the same facility. The instructors at the facility follow a similar training system that many athletes in Thailand follow, indicating its appreciation for the country’s culture of boxing. The facility lays tremendous emphasis on boxing while it offers the athletes with opportunities for training on a daily basis indicating the importance that it accord to the boxing culture of the nation. Additionally, the facility features the most efficient tools for improving boxing performance and boxing (Kombat Group, 2019) . Thus, Western Boxing Gym Thailand can be regarded as laying special attention to the boxing culture that characterizes Thailand.
References
Associated Press. (2015). Japan picks Olympic stadium design to replace Zaha Hadid plan. Retrieved from https://www.theguardian.com/world/2015/dec/22/tokyo-replaces-zaha-hadid-design-for-2020-olympic-games-stadium-with-cheaper-alternative
Bischoff, A. L. (2017). Porters five forces. innovation through business, engineering. Scotts Valley: CreateSpace Independent Publishing Platform.
Carpenter, A. T. (2013). LEED certification: gold standard or gold star. New York: SAGE.
Cottrell, M. (2011). Guidebook to the LEED certification process: for LEED for new construction, LEED for core and shell, and LEED for commercial interiors. New York: John Wiley & Sons.
Kombat Group. (2019). Western Boxing Gym in Thailand. Retrieved from https://www.kombatgroup.com/western-boxing
Stadium Management Company. (2013). Stadium information. Retrieved from http://broncosstadiumatmilehigh.com/stadium-information/welcome3
Stevens, R. E. (2012). Market opportunity analysis: text and cases. Abingdon: Routledge.
Varghese, J. (2012). Strategy. New York: AuthorHouse.
