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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
What else can I help you with?
Strengths and weaknesses of porters five forces model?
http://voices.yahoo.com/strengths-limitations-porters-five-forces-model-11498296.html?cat=3
Porter's five forces model to Pakistan cement industry?
porter's five forces model to cement industry ?
What does the Five Forces Model help determine the relative attractiveness of?
business
What is Porters Five Forces Analysis in banks of south Africa?
five porters forces model with specific reference to south Africa banking between 2010 and 2014
What are the limitations of parallelogram law of forces?
it is applicable to two forces only
What is a limitation to a model?
what are the limitations models
Explain porters five forces model?
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.
What is the importance of porters 5 forces model in strategic management?
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.
What is the federal perjury statute of limitations?
The federal perjury statute of limitations is five years.
What is the limitation of the porter's five forces model?
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.
What are the limitations of law of parallelogram?
it is applicable to two forces only
Types of strategies used in strategic planning for achieving global competitive advantage?
refer to michale portes five forces model
