Make a suggestion based on additional evidence drawn from readings or after synthesizing multiple postings.

Quebecor is a business company that has taken route deep in the field of business just compared to other firms because of the strategies that it has outlined that helps it defeat other firms and frequently meet all its goals and ensuring that profitability is achieved. The business’s management and other stakeholders including the workforce, customers and the suppliers of products to the company plays a very significant role which has protruded the company’s name and now known across the world. Over the decades Quebecor is defeating even the currently evolving companies and business organizations, therefore, this revealing that management of work and operation meet the required standards and also the production is of the quality which meets the market demand hence fetching more profit from many customers.

Many firms have made all the resources available and working day and night so that they can achieve their goals but at the end, you finally get that all that they were aiming to achieve wasn’t achieved as planned. The successfulness of the business company must be fist accepted by the customers due to the products and the quality of the products that they produce. Quebecor used Porter’s model which focused on the five forces that can shape the firm and determine both the weaknesses and strength of the company (Kumar et al., 2016). The threats to a company may be either external or internal and both have a negative impact because they cause a nuisance to the entire company and can interfere with the normal business functions and business data. The five force models are discussed beneath:

Competition in the industry: Once other companies emerge that manufacture the same product it means that Quebecor Company will start losing customers and those customers start now comparing the product quality of one company against the other. The only aspect that will make customers repel the newly-introduced companies are the quality of the products that they produce and if they will step down due to lack of customers and product quality then Quebecor will still conquer.

Potential of new entrants: The emergence of new companies manufacturing the same products in the market may result in competition and up to a point, those products of low quality will start getting into the market affecting the fame of products produced by Quebecor Company.

Power of suppliers: The suppliers play an important role in a company since it’s their responsibility to deliver products to and from the company (Köhler & Rammer, 2018). The customers receive the products from the suppliers which are an important role therefore if a company has a limited number of customers it will demand more so that to be able to supply enough products within a required duration. More suppliers in the company make the management more determined and focused ready to achieve the required goals.

Power of customers: The most significant stakeholders in the company are the customers. They generate income for the company by utilizing manufactured products. The company should focus on producing quality products that meet the standards which customers prefer most and be of a reasonable price so that customers will not find it uneconomical once they plan to purchase the products.

Threat of substitutes: Substitute goods are those products which almost look similar to the main product and also the similarity can be in the form of functionality. If the common product was being sold at a high price and other new companies manufacture similar products that customers can use instead of it then it will force man customers to shift to a product which is it cost-friendly leaving a company at a loss.