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five porters forces model with specific reference to south Africa banking between 2010 and 2014
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limitation of porters
Porter five forces analysis is a diagnostic examination for computer systems that configures a boot check of the electric impulses, or forces or the system.
advantage of model analysis
A strategic management review forces careful analysis to be made. However, the process has to be done regularly to avoid costly mistakes for a company.
how to calculate forces on coulmn of horizontal milling machine?
The five porters include the following ; intense rivalry of the existing firm, threats of substitutes, threats of the buyers, threat of the suppliers, threats of the new entrant
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1. Supplier's power 2. Threat of subtitute 3. Buyer's power 4. Barrier's to entry 5. Rivalry
Porter's 5 Forces of Competition apply to any Competitive Business/Industry, including but not limited to the retail industry. - Threat of a New Competitor - Threat of a substitute (rival) product/service - Buying Power (bargaining power of buyers) - Supplier Reliance (supplier bargaining power) - Intensity of Rivalry - they say competition brings out the best in us. For a detailed explanation of Porter's 5 Forces and free Templates to use for analysis check out the site BusinessBalls.
Porter's five forces model is important in strategic management because it shows you the positive outcome of advancing in your career. It also helps you understand the outcome of the competitive position you are currently in.