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This model is helpful for two important reasons.first from a practical perspective model provides a reason why there can be both winners and losers as result of international trade
the four economic models are as follows: two sector models three sector model four sector model five sector model
http://voices.yahoo.com/strengths-limitations-porters-five-forces-model-11498296.html?cat=3
porters five force model for hero Honda
five porters forces model with specific reference to south Africa banking between 2010 and 2014
The Five Factor Personality Inventory - Children is based on the Five Factor Model of personality, which includes the traits of openness, conscientiousness, extraversion, agreeableness, and neuroticism. This model is used to assess personality traits in children and how they relate to behavior and development.
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
limitation of porters
1. Supplier's power 2. Threat of subtitute 3. Buyer's power 4. Barrier's to entry 5. Rivalry
- threat of new entrants - jockeying for position - bargaining power of suppliers - bargaining power of buyers - threat of substitute products
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.
Thomas A. Widiger has written: 'Personality disorders and the five-factor model of personality' -- subject(s): NEO Five-Factor Inventory, Personality disorders
1. put emphasis on external factors and ignore firm-specific factors 2. institutional issue plays an important role in shaping and controlling the industry, but porter just treat it as a factor, no as a influential force 3. his model is industry-based, how firms can do if revolutionary changes happen in the industry 4. how to explain multi-industry conglomerate, such as GE
Black Canadian porters were associated with the "Sleeping Car Porters" union.