Understanding Competitive Forces within Business
Understanding Competitive Forces within Business CPD Programme
2 formal CPD hours, Course Fee £89
Study that Fits your Schedule
Introduction
Regardless of your business industry, you will face competitive forces. There is no avoiding them, and every business will come across competitive forces at one point. With that in mind, it’s always better to be prepared to face these forces before they arise than it is trying to navigate them once they start to cause issues. By understanding the competitive forces within business you can create more informed decisions regarding your organisation’s goals. You can easily identify areas for improvement and utilise these to redefine your strategies. With a clear understanding of competitive forces within business, you can play to your existing strengths and gain awareness of any potential weaknesses.
This online CPD in Understanding Competitive Forces Within Business delivers key information for those working within the business industry. There are five key forces in play: Competitive rivalry, Supplier Power, Buyer power, Threat of substitution and Threat of new entry. Our online CPD course has been created to help you identify and. navigate through each competitive force within your industry. We will teach you one of the most popular strategies for understanding the forces at work within your industry and how you can best them.
CPD Hours
If you have existing experience within business, you hopefully understand the importance of growth. In order to remain successful in a competitive market, business requires skilled individuals with a comprehensive understanding of the business environment. With the rate of development of both the online and offline world, working on your skills is essential to stay on top of your game.
Enrolling in CPD courses is one of the easiest ways to keep your skillset up to date. These short courses have been designed to provide specialist education in one area. CPD courses are renowned for being affordable, accessible, and easy to study. The course content tends to be condensed into smaller chunks, making for shorter study periods. Thanks to this short study period, you gain certification for your skill in rapid time. This quick turnaround means you can put your learnt skills into action swiftly, and reap the benefits early on.
At the College of Contract Management, we understand the need for quick, easy courses. With that in mind we offer a wide range of CPD courses in a range of different topics. Each course is quick, affordable and accessible. Your lecture content can be accessed online via our student portal, Moodle. From here you will have access to course material, lecture recordings and communication channels with the College team. Once you have completed the course you will be awarded with a certificate of completion without the need for assessment.
Successful outcomes
Finally, by the end of this course you will:
- Create a business strategy for navigating competitive forces
- Take advantages of your business strengths
- Identify and fix your business weaknesses
- Stay ahead of your competition
- Learn about Competitive rivalry
- Understand the meaning behind Supplier and Buyer power
- Know how to best handle the threat of substitution and threat of new entry
- Access to the college Moodle
- Online CPD lectures
- Certification upon completion