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.
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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
1. Supplier's power 2. Threat of subtitute 3. Buyer's power 4. Barrier's to entry 5. Rivalry
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 is a framework for analyzing the competitive forces within an industry that influence its profitability and attractiveness. The five forces include: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products or services, and the intensity of competitive rivalry. By assessing these forces, companies can identify their competitive environment and strategic positioning. The model helps businesses understand the dynamics at play and make informed strategic decisions.
porter's five forces model to cement industry ?
business
- threat of new entrants - jockeying for position - bargaining power of suppliers - bargaining power of buyers - threat of substitute products
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