{"product_id":"jt-five-forces-analysis","title":"JT Porter's Five Forces Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFrom Overview to Strategy Blueprint\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eJT's Porter's Five Forces snapshot highlights competitive intensity, supplier and buyer leverage, substitute threats, and barriers to entry—revealing where JT can defend margins or pursue advantage in its market.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003euppliers Bargaining Power\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFragmentation of global tobacco growers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe primary raw material for Japan Tobacco is tobacco leaf, grown by thousands of small farmers across Asia, Africa, and Latin America; in 2024 about 6 million tonnes of tobacco were produced globally, keeping supplier shares tiny.\u003c\/p\u003e\n\u003cp\u003eSupplier fragmentation means individual growers lack bargaining power versus JT, which reported ¥2.2 trillion revenue in FY2024 and can dictate prices and terms. \u003c\/p\u003e\n\u003cp\u003eJT shifts sourcing across regions and contracts—spot and forward buys—to protect margins and secure supply continuity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVertical integration and leaf procurement systems\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eJT controls ~60% of its leaf supply via direct contracts and internal procurement as of FY2024, locking in quality and specific varietals and cutting spot-market exposure.\u003c\/p\u003e\n\u003cp\u003eThrough technical assistance and ~¥18bn in farmer credits in 2023, JT creates grower dependence, reducing suppliers’ bargaining leverage and switching incentives.\u003c\/p\u003e\n\u003cp\u003eThis vertical integration kept raw leaf cost inflation below industry average—~2.1% vs 5.4% peer median in 2024—limiting upward price pressure.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized technology for reduced-risk products\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpas heated-tobacco and e-cigarette markets grew globally in japan tobacco depends on specialized suppliers for ics batteries heating elements giving those higher bargaining power than traditional farmers due to patents know-how. jt reduced supplier risk by signing multi-year tech partnerships deals covering of device needs diversifying across korea vietnam avoid single-source dependence. what this estimate hides: component lead times still rose keeping negotiation leverage with suppliers.\u003e\n\u003c\/pas\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommoditization of non-tobacco materials\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMaterials like paper, filters, and packaging are commoditized and sourced from many global suppliers; in 2024 the global cigarette paper market exceeded $1.2bn, keeping supplier options broad.\u003c\/p\u003e\n\u003cp\u003eJT’s annual purchase volumes—over 30 billion sticks equivalent in 2023—make it a top client, securing discounts, priority allocation, and 60–90 day credit terms, cutting supplier leverage.\u003c\/p\u003e\n\u003cp\u003eAs a result, secondary-material suppliers have minimal bargaining power and limited ability to raise prices without risking loss of JT’s business.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCommoditized inputs: many suppliers, low differentiation\u003c\/li\u003e\n\u003cli\u003eMarket size: cigarette paper ~$1.2bn (2024)\u003c\/li\u003e\n\u003cli\u003eJT scale: ~30bn sticks equivalent (2023)\u003c\/li\u003e\n\u003cli\u003eTerms: discounts + 60–90 day credit, low supplier leverage\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eImpact of logistics and distribution costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eGlobal logistics providers are vital for JT’s cross-border shipments and excise-tax routing; in 2024 JT paid an estimated $120–160m in international logistics and compliance costs, so carriers gain leverage during global disruptions like 2021–22 container shortages.\u003c\/p\u003e\n\u003cp\u003eJT’s scale and long-term carrier contracts (multi-year deals covering ~40% of freight volume) stabilize rates and reduce spot exposure, cutting volatility in logistics spend.\u003c\/p\u003e\n\u003cp\u003eJT’s large internal Japan distribution network—handling ~70% of domestic volume—buffers supplier power and keeps last-mile costs predictable.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 logistics spend est: $120–160m\u003c\/li\u003e\n\u003cli\u003e~40% freight on multi-year contracts\u003c\/li\u003e\n\u003cli\u003e~70% domestic volume via internal network\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLow supplier power for tobacco leaf; JT scale, contracts, and credits secure control\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSupplier power is low for tobacco leaf—fragmented small farmers, JT’s ¥2.2T FY2024 scale, ~60% direct contracts, and ¥18bn farmer credit in 2023 give JT price\/control; secondary inputs (paper, filters) are commoditized with global paper market ~$1.2bn (2024) and JT buying ~30bn sticks (2023) securing discounts; device components raise supplier power, but 2023 multi-year tech deals cover ~40% of device needs.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eJT revenue FY2024\u003c\/td\u003e\n\u003ctd\u003e¥2.2 trillion\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLeaf direct contracts\u003c\/td\u003e\n\u003ctd\u003e~60%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFarmer credit 2023\u003c\/td\u003e\n\u003ctd\u003e¥18 billion\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCigarette paper market 2024\u003c\/td\u003e\n\u003ctd\u003e$1.2 billion\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eVolume (sticks eq.) 2023\u003c\/td\u003e\n\u003ctd\u003e~30 billion\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDevice deals 2023\u003c\/td\u003e\n\u003ctd\u003ecover ~40% needs\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eTailored Five Forces analysis for JT that uncovers competitive drivers, supplier and buyer power, entry barriers, substitutes, and emerging threats—complete, data-backed, and editable for reports or pitch decks.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eJT Porter’s Five Forces one-sheet reduces strategic ambiguity—visualize competitive pressure instantly with a clean radar chart and editable force levels for rapid, board-ready decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomers Bargaining Power\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh brand loyalty and consumer habituation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eHigh consumer habituation and brand attachment in tobacco mean many smokers remain with one brand for decades, cutting price sensitivity and bargaining power; a 2023 Euromonitor estimate shows market share concentration above 60% for top three players in key markets, supporting this stickiness.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFragmentation of the end-user base\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe end-users of Japan Tobacco (JT) are millions of individual smokers—Japan had about 12.6 million smokers in 2023 and global legal cigarette sales exceeded 5.9 trillion sticks in 2024—so no single consumer or small group can bargain on price or features.\u003c\/p\u003e\n\u003cp\u003eUnlike B2B markets with concentrated buyers, tobacco retail is atomized; this fragmentation leaves manufacturers like JT with pricing power and limited consumer leverage.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eConcentration of retail distribution channels\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eIn Japan, roughly 60–70% of Japan Tobacco Inc.’s (JT) domestic sales flow through three major convenience chains, giving those retailers leverage over shelf placement and in-store promos.\u003c\/p\u003e\n\u003cp\u003eStill, JT’s top brands (Mild Seven\/Mevius, Camel) drive foot traffic; in 2024 JT reported ¥1.9 trillion domestic tobacco revenue, so commercial agreements (slotting fees, co‑op promos) keep bargaining power balanced.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePrice sensitivity and excise tax impact\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eWhile individual consumers lack leverage, collective sensitivity to price hikes—driven by rising excise taxes (global average tobacco excise share ~70% of pack price in 2024)—can force trade-downs or reduced frequency, capping JT’s pricing power.\u003c\/p\u003e\n\u003cp\u003eIf taxes push pack prices up \u0026gt;10% year-on-year, surveys show 5–8% volume decline within 12 months, so JT must balance affordability and margins in high-tax markets.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eConsumers trade down or cut use when taxes raise prices \u0026gt;10%\u003c\/li\u003e\n\u003cli\u003eGlobal excise ~70% of price (2024)\u003c\/li\u003e\n\u003cli\u003e10% price rise → ~5–8% volume drop\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIncreasing availability of product information\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eModern consumers, informed by WHO and CDC reports, increasingly know tobacco harms and benefits of reduced-risk products, boosting buyer leverage to demand transparency and alternatives.\u003c\/p\u003e\n\u003cp\u003eJT invests ~¥120 billion in 2024 R\u0026amp;D to expand heated-tobacco and nicotine pouch lines, aiming to meet health-conscious demand and protect share from 15% vapor\/pouch growth in Japan (2023–24).\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eConsumers demand transparency and alternatives\u003c\/li\u003e\n\u003cli\u003eBuyer power rises with health data access\u003c\/li\u003e\n\u003cli\u003eJT spent ~¥120B on R\u0026amp;D in 2024\u003c\/li\u003e\n\u003cli\u003eReduced-risk segments grew ~15% (Japan 2023–24)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh taxes and price sensitivity cap JT pricing as ¥1.9T revenue funds R\u0026amp;D for 15% RRP growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eConsumers lack direct bargaining power due to brand loyalty and fragmented retail, but high excise (~70% of pack price in 2024) and price sensitivity (10% price rise → ~5–8% volume drop) constrain JT’s pricing; JT reported ¥1.9T domestic tobacco revenue and ¥120B R\u0026amp;D spend in 2024 to push reduced‑risk products growing ~15% (Japan 2023–24).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eDomestic tobacco revenue (2024)\u003c\/td\u003e\n\u003ctd\u003e¥1.9 trillion\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eR\u0026amp;D spend (2024)\u003c\/td\u003e\n\u003ctd\u003e¥120 billion\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGlobal excise share (2024)\u003c\/td\u003e\n\u003ctd\u003e~70%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePrice elasticity\u003c\/td\u003e\n\u003ctd\u003e10% ↑ → 5–8% vol ↓\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eReduced‑risk growth (Japan 2023–24)\u003c\/td\u003e\n\u003ctd\u003e~15%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview Before You Purchase\u003c\/span\u003e\u003cbr\u003eJT Porter's Five Forces Analysis\u003c\/h2\u003e\n\u003cp\u003eThis preview shows the exact JT Porter’s Five Forces analysis document you'll receive immediately after purchase—no placeholders or mockups. The file is fully formatted, professionally written, and ready for download and use the moment you buy. You're seeing the final deliverable as-is, so there are no surprises and no further setup required.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56747232887161,"sku":"jt-five-forces-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/jt-five-forces-analysis.png?v=1772196303","url":"https:\/\/growthsharematrix.com\/products\/jt-five-forces-analysis","provider":"Growth Share Matrix","version":"1.0","type":"link"}