Barriers to Entry
Barriers to Entry are the obstacles that a firm must overcome to enter an industry. The barriers can be tangible or intangible. The tangible barriers include capital requirements, technological know –how ,resources, and the laws regulating entry into an industry. The intangible barriers include the reputation of existing firms, the loyalty of consumers to existing brands, and access to the managerial skills required for successful operation in an industry.
Category: Management & Organization Studies
Previous: ← Concentration
Next: Operating Environment →
More from this Section
- Attribution theory
Attribution theory was developed to explain how we judge people differently, depending ... - Bankruptcy
Bankruptcy occurs when a company is unable to pay its debts as they become due, or has ... - Classical approach
Classical approach emphasized rationality and making organizations and workers as efficient ... - Stalemate Business
Business with few some sources of advantage, most of them small. Skills in operational ... - Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) promotes the idea that businesses have a duty to ...