1. Supplier's power
2. Threat of subtitute
3. Buyer's power
4. Barrier's to entry
5. Rivalry
http://voices.yahoo.com/strengths-limitations-porters-five-forces-model-11498296.html?cat=3
five porters forces model with specific reference to south Africa banking between 2010 and 2014
limitation of porters
porters five force model for hero Honda
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
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.
porter's five forces model to cement industry ?
Porter's Five Forces model is a framework for analyzing the competitive dynamics within an industry. It evaluates five key factors: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products, and the intensity of competitive rivalry. By assessing these forces, businesses can identify the strengths and weaknesses in their market position and develop strategies to enhance their competitiveness and profitability. Ultimately, the model helps organizations understand the underlying drivers of competition and market trends.
business
- threat of new entrants - jockeying for position - bargaining power of suppliers - bargaining power of buyers - threat of substitute products
The limitation of Porter's Five Forces model is that it primarily focuses on industry structure and competitive dynamics, potentially overlooking the influence of external factors such as technological changes, regulatory shifts, and macroeconomic trends. Additionally, it may not adequately account for the complexities of inter-firm relationships and collaboration, which can significantly impact competitive advantage. Furthermore, the model is static and does not consider the dynamic nature of industries and how forces can evolve over time.
refer to michale portes five forces model