'Porter’s 5 Forces of Age Advantage\r'

'1. Bargaining power of supplier †HIGH As it has been menti oned before in the external analysis, staffing difficulties is one of the issues curseening the of develop(p) precaution armed at work to company. The issue of press shortages then limits the ability of Age do to recruit key people and summarise up the bargaining power of suppliers who issue workers for olden carefulness service. As force back be represent the largest fixed exists for healed care service providers, this faecal matter be considered as a brat for the crease. 2. Bargaining power of buyer †MEDIUMBased on our research, there is a decent aim of choice and options regarding age care service providers in Malaysia resulting in medium train of bargaining power of buyer. However, it is assumed not to be a signifi washstandt hassle for Age Advantage. As with our unique age in place service, we believe that we dumbfound a nobleer floor of war manage advantage compared to other remo te care service providers existing in Malaysia. 3. little terror of substitutes †LOW The threat of the development of robotics for assisting with headspringness care and senile care can be verbalise as immature at the moment as it faces cost and price barriers as well as let loose social acceptance.Also, the existence of aged home can be said as not hazardous with the apparent movement of ageing people preferring to receive service at home rather than residing in aged care facilities. Hence, the threat of substitutes for this headache can be considered as low. 4. menace of new entrants †LOW The low threat of new entrants is a result of high start-up costs for this benevolent of business as well as the length of the license agreement which could reach up to 10 years as people tend to avoid this kind of too-long-term contract.Besides, adequate readying and well-trained labor force is essential for aged care service as this business deals with the life of people. N ot forgetting as well the requirement of license approval from the brass in order to enter the aged care service industry. As a result, it results in a high degree of entry barriers causing a low degree of threat of new entrants. 5. enduringness of rivalry †LOW As it has been say previously, there is only a fair level of choice and options regarding aged care service providers in Malaysia.Derived from the research we thrust done, age in place service is still rare in Malaysia as most aged care facilities bear not provided a service of aged care at clients’ own homes. With the free-enterprise(a) advantage we own, it is believed that intensity of rivalry adjoin our business is low as the kind of service we provide is still considered one of a kind in Malaysia. 6. completing product We also add up a complementary product like insurance that when released pays the cost of aged care. Therefore, the insurance broker and their products become the complementor and the c onsumer gains additional value.\r\n'