ofthe Basel II framework and introduced a number of safeguards to address excess cyclicality ofthe minimum requirement. They include the requirement to use long term data horizons to estimate probabilities of default, the introduction of so called downturn loss-given-default (LGD) estimates and the appropriate calibration ofthe risk functions, which convert loss estimates into regulatory capit
(1) What is Franchise
The Franchise system is a form that headquarters control markets tightly by contract of franchises. Franchise is getting effect of management such as enterprise under direct management by doing mutual cooperation and sharing functions by contract among independent operators having individual capital.
The contract of franchise includes rights associa
of Buyers
High
Threat of Substitute Products or Services
High
The current market for shoes is defined by 4 main categories: casual, athletic, dress, and rugged. Casual shoes account for 52% ofthemarket, and this would include TOMS shoes.
Table 2-2 Details of 5 Force Model
Threat of
New Entrants -It is not technology industry, but capital-intensive industries
- Because it requires
the microscopic point of view, government adjust the rights ofthe disabled and private company. In the macro perspective, the policy achieve harmony in the economic order.
However there is environment change such as Changes in disability criteria, Rapid increase in population disability. The most important thing is the alienation of people with severe disabilities in the labor market. Because M
the effectiveness of competition, we should avoid all aspects ofthe inferior enterprises
T3——W4:Actively marketing, keep our corporate good identity and avoid the threat of political environment.
T4——W1、W3、W4: More environmentally friendly manufacturing process, environmental protection product, supply and environmental concept in marketing.
5. Market