Porter's Five Forces Model In Singapore
Singapore, the leading global city-state, has been recognized for its strong transportation system. The Emerging economy in Singapore implies the city state to connect its cities and its islands all together. It has also expanded its link to the rest of the world, by which it allied its borders by two bridges to Malaysia as well as to some other regional centers.
Although Singapore has been erected as the world’s largest commercial banks, its total land area is commonly identified as small in size, compared to other emerging countries, which turns to be only 718.3 km². That’s one of the significant reason why the government of Singapore aimed to develop a smart, an accessible, and a developed public transportation system.
Singapore is well …show more content…
Five Forces Model:
The Threat of new entrants as per Porter's Five Forces Analysis for the PTO – Public Transport operator in Singapore is considered low generally, since licenses of Rail has been continuously running for up to 30 years and for buses for 10 years, meaning there is almost no risks nor possibility of new entrants. Another reason would be the lack of chance for a new player of building up proficiency to convince the Regulator of the capability to run the transportation services.
As for Dubai Transport System the threats of new entrants is also very low – since there is also no room for another operations to run any other transport network nor to bid for the license to compete with RTA. However, In the future the situation for the public Transportation service in Singapore is forecasted to change, if it agrees in moving to the agreements model. It would turn to open up competition for the operating license as quite feasibly to make the tenders available for packets of routes rather than to the entire network, by this means they will be splitting the pie into bite-sized pieces to enable smaller operators to get some shares. Furthermore, operating licenses will be decided to be granted only for a shorter period in the model, thereby raising the threat of new …show more content…
Since there are many barriers to entry, such as licensing requirements imposed by LTA (Singapore) and RTA (Dubai) and high start-up costs to own a fleet of taxis.
Both countries transportation authority do not think that it is practical for the network to keep on shifting hands between other new operators, due to constraints from manpower and operational know-how perspectives.
Threat of substitutes in Singapore it is considered to be low to moderate. The various modes of public transport whether it was taxi, bus or metro are substitutes to each other, differentiating themselves from the following key factors cost, speed, connectivity, convenience, reliability and comfort. Although substitute modes of transport do exist, but as the Fare revenue segment of the public transport sector is a duopoly, the passenger is possible ending up using a mode of transport that is operated anyway by the same operator.
However, when it comes to Dubai the threat of substitutes is too high – this threat is reasonable since Dubai had introduced its modernized public transportation after the car has been spread that’s what it created another form of substitution and competition within cars and public
Although Singapore has been erected as the world’s largest commercial banks, its total land area is commonly identified as small in size, compared to other emerging countries, which turns to be only 718.3 km². That’s one of the significant reason why the government of Singapore aimed to develop a smart, an accessible, and a developed public transportation system.
Singapore is well …show more content…
Five Forces Model:
The Threat of new entrants as per Porter's Five Forces Analysis for the PTO – Public Transport operator in Singapore is considered low generally, since licenses of Rail has been continuously running for up to 30 years and for buses for 10 years, meaning there is almost no risks nor possibility of new entrants. Another reason would be the lack of chance for a new player of building up proficiency to convince the Regulator of the capability to run the transportation services.
As for Dubai Transport System the threats of new entrants is also very low – since there is also no room for another operations to run any other transport network nor to bid for the license to compete with RTA. However, In the future the situation for the public Transportation service in Singapore is forecasted to change, if it agrees in moving to the agreements model. It would turn to open up competition for the operating license as quite feasibly to make the tenders available for packets of routes rather than to the entire network, by this means they will be splitting the pie into bite-sized pieces to enable smaller operators to get some shares. Furthermore, operating licenses will be decided to be granted only for a shorter period in the model, thereby raising the threat of new …show more content…
Since there are many barriers to entry, such as licensing requirements imposed by LTA (Singapore) and RTA (Dubai) and high start-up costs to own a fleet of taxis.
Both countries transportation authority do not think that it is practical for the network to keep on shifting hands between other new operators, due to constraints from manpower and operational know-how perspectives.
Threat of substitutes in Singapore it is considered to be low to moderate. The various modes of public transport whether it was taxi, bus or metro are substitutes to each other, differentiating themselves from the following key factors cost, speed, connectivity, convenience, reliability and comfort. Although substitute modes of transport do exist, but as the Fare revenue segment of the public transport sector is a duopoly, the passenger is possible ending up using a mode of transport that is operated anyway by the same operator.
However, when it comes to Dubai the threat of substitutes is too high – this threat is reasonable since Dubai had introduced its modernized public transportation after the car has been spread that’s what it created another form of substitution and competition within cars and public