Porterâ€™s Five Forces for The SUDA Group Higher Education in Vietnam
The report should identify and analyse the most significant factors that have a direct bearing on the clientâ€™s business. It should concisely address the following question:
What competitive forces exist in the industry that may limit the ability to make a profit? (Analysis tool: Porter 5 Forces
PORTERS FIVE FORCES:
Higher Education within Vietnam (VN)
1.Â Â Â Â Â Â Competitive Rivalry
a.Â Â Â Â Â Â Lots of competitors, trends show in:
i.Â Â Â Â Â 1987: 38 colleges and 63 universities
ii.Â Â Â Â Â 2003: 119 colleges and 111 universities
iii.Â Â Â Â Â 2009: 226 colleges and 150 universities
b.Â Â Â Â Â This data provides evidence of increasingly high growth rates as more competitors enter into the Vietnam education market.
c.Â Â Â Â Â Â Even with this high growth, most education centres within VN are not able to provide adequate staff to fill these institutes and are short supplied.
d.Â Â Â Â Â A Vietnamese citizen will be more loyal towards a university or college depending on the universities reputation. The better the reputation the more likely they will stay. Also university is not cheap within Vietnam thus most students will stay committed to the university in which they are admitted into.
e.Â Â Â Â Â With education having some of the highest barriers to entry, it would be assumed exit barriers are high with more to lose once invested into the sector. (need to find source for this)
2.Â Â Â Â Â Â Threat of New Entrant
a.Â Â Â Â Â Â Higher education has some of the highest barriers to entry (gaining accreditation and state licensing.)As the opening of an higher education centre within Vietnam requires many resources such as (faculty, training, staff, equipment, licensing etc) these can be seen as high barrier costs factors that once invested will become hard to leave the market.
b.Â Â Â Â Â In relation toÂ above point, High capital start-up costs
c.Â Â Â Â Â Â In switching to another university, buyers/students may be deterred as they will not want to take the risk of losing a spot at a university they have already gained entrance into.
d.Â Â Â Â Â Product differentiation: Newer universities may be able to offer better standards of higher education within Vietnam providing updated courses etc. (PS: could be used as a strength for SUDA group)
e.Â Â Â Â Â Government policies will need to be gained (accreditation and state licensing)
3.Â Â Â Â Â Â Threat of Substitution
a.Â Â Â Â Â Â Higher education substitutes are low as credentials and degrees are not able to be obtained without finishing a course within a university.
b.Â Â Â Â Â There is however other jobs that can be obtained within Vietnam such as taking up a â€˜professional training courseâ€™ without the need for university in a labouring job. (May need to source this properly).
c.Â Â Â Â Â Â General consensus in Vietnam is for children to make it into a university.
4.Â Â Â Â Â Â Supplier Power
a.Â Â Â Â Â Â The higher reputation of the university, the more power it has as it has fewer available spots for people wanting to gain entrance. May be more selective in who they allow in.
5.Â Â Â Â Â Â Buyer Power
SOURCES: Not yet referenced
Outline of applying Porters Five Forces to education: US related:
â€¢Â Â Â http://www.sedsi.org/2009_Conference/proc/proc/p080930002.pdf
Barriers of Entry Higher Education:
â€¢Â Â Â https://www.insidehighered.com/blogs/confessions-community-college-dean/barriers-entry
Higher Education information related to Vietnam
â€¢Â Â Â http://wenr.wes.org/2014/05/higher-education-in-vietnam/
â€¢Â Â Â http://wenr.wes.org/2010/08/wenr-julyaugust-2010-practical-information/
Vietnam: Higher education and training sector assessment
â€¢Â Â Â http://www.adb.org/sites/default/files/linked-documents/cps-vie-2012-2015-ssa-09.pdf
The Education System in Vietnam
Our Service Charter
Excellent Quality / 100% Plagiarism-FreeWe employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
Free RevisionsWe keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
Confidentiality / 100% No DisclosureWe make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
Money Back GuaranteeIf the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
24/7 Customer SupportWe have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.