TapAndDine
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Industry Rivalry – Very Low<br />
• There are no direct competitors of<br />
<strong>TapAndDine</strong> in the Philippines.<br />
• OpenTable and Table Manager are<br />
the well-known applications and<br />
websites for restaurant reservation<br />
management. However,<br />
both of them are only<br />
applicable in the United States.<br />
• ClickTheCity is the indirect<br />
competitor of <strong>TapAndDine</strong> here in<br />
the Philippines. ClickTheCity is an<br />
online directory and browser varying<br />
from entertainment, travelling, arts<br />
and culture, events, food and drink.<br />
• <strong>TapAndDine</strong> would be the pioneer in<br />
the Philippines as an online<br />
restaurants, bars, cafes and hotels<br />
reservation management application<br />
and website which also serves as a<br />
browser.<br />
• There is also high differentiation<br />
among the competitors by offering<br />
various kinds of features and valueadded<br />
services in the application<br />
and website. <strong>TapAndDine</strong> combines<br />
both Open Table and Click the City’s<br />
best features.<br />
Barriers to Entry – Moderately High<br />
• The cost of capital in setting up a<br />
mobile application and website is<br />
high. It also takes a lot of time and<br />
effort in order for <strong>TapAndDine</strong> to<br />
reach its full completion and<br />
potential successfully.<br />
• <strong>TapAndDine</strong> is a completely creative<br />
concept, which has not been done<br />
in the Philippine industry. Other<br />
entrepreneurs and developers<br />
cannot just simply copy<br />
<strong>TapAndDine</strong>’s full features and<br />
concept, without the consent of the<br />
founders and legal proceedings.<br />
Supplier <br />
Power <br />
(MODERATE) <br />
Barriers to <br />
Entry (MOD. <br />
HIGH) <br />
Industry <br />
Rivalry <br />
(VERY <br />
LOW) <br />
Threat of <br />
Substitute <br />
(LOW) <br />
Porter’s Five<br />
Forces Model<br />
Buyer Power <br />
(WEAK) <br />
Bargaining<br />
Power of<br />
Suppliers<br />
– Moderate<br />
• There are considerable<br />
number of software<br />
providers and<br />
developers who would<br />
provide exceptional service<br />
for the execution of <strong>TapAndDine</strong>.<br />
• Resources in developing <strong>TapAndDine</strong><br />
would also compose of software and<br />
hardware requirements where the IT<br />
industry segment has competitive suppliers.<br />
Bargaining Power of Buyers – Weak<br />
• Since the application and website of<br />
<strong>TapAndDine</strong> is totally free, buyers would not<br />
seek to lower the price of <strong>TapAndDine</strong>.<br />
• With the added-value service of<br />
<strong>TapAndDine</strong> by providing reward points,<br />
promos, discounts and great convenience<br />
through easy browsing and online<br />
reservation service, buyers would prefer<br />
<strong>TapAndDine</strong> over the substitutes.<br />
Threat of Substitutes – Low<br />
• <strong>TapAndDine</strong> can be substituted with the<br />
actual activity of manually reserving a<br />
table via telephone, email and physical<br />
store visit. However, convenience, costs<br />
associated with travelling and time are<br />
greatly sacrificed.<br />
• Switching costs for buyers to substitutes<br />
would be associated with costs and<br />
reduced opportunities for them to<br />
accumulate reward points, discounts and<br />
promos without <strong>TapAndDine</strong>.