NISM Series XV : Research Analyst Certification Exam Notes
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Geographic migration of value happens when a secular trend helps a country or geography as compared to other.
Migration across value chain: Some phenomenon can result in industries at the down end of value chain gain at the cost of those at the upper end or vice versa.
Migration across companies in the same industry: Certain disruption may create new competitive advantage for one company or may remove a competitive advantage enjoyed by an existing player. This may result is value migrating from one company to another.
Michael Porter's Five Force Model for Industry Analysis - this model analyses any industry on the basis of five broad parameters or forces. These 5 forces are divided into 2 vertical and 3 horizontal ones, as listed below:
Horizontal Forces: 1. Threat of Substitutes, 2. Threat of New Entrants, 3. Threat of Established Rivals
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