![]() These five forces can all act against a company unless plans are made to defend against them or influence them in the company's favour. Rivalry among existing competitors - what advantages do competitors have?.Bargaining power of suppliers - how influential are suppliers in deciding price and availability?.Bargaining power of buyers - how effectively can buyers drive a bargain?. ![]() Threat of substitute products or services - how easily can an alternative replace the product or service?.Threat of new entrants - what are the barriers to entry for new competitors?.The five forces that shape industry competition that Porter considers in his model are: The analysis provided by the model provides a valuable insight into the attractiveness of a market, allowing businesses to make strategic decisions regarding the positioning of a product or service. Porter's Five Forces is a strategic model designed to help business leaders identify, analyse, and evaluate the external factors affecting a company's competitive position.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |