Porter's Five Forces Model is a framework for industry analysis and business strategy development. It draws attention to five key forces that determine the competitive intensity and attractiveness of a market. These forces include the threat of new entry, power of suppliers, power of buyers, threat of substitutes, and rivalry among competitors. Understanding these forces can help companies identify strategic options for improving profitability within an industry.
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PESTEL ANALYSIS & Porters Five Forces Model (Unit-1) (1).pdf
Porter's Five Forces Model is a framework for industry analysis and business strategy development. It draws attention to five key forces that determine the competitive intensity and attractiveness of a market. These forces include the threat of new entry, power of suppliers, power of buyers, threat of substitutes, and rivalry among competitors. Understanding these forces can help companies identify strategic options for improving profitability within an industry.
Porter's Five Forces Model is a framework for industry analysis and business strategy development. It draws attention to five key forces that determine the competitive intensity and attractiveness of a market. These forces include the threat of new entry, power of suppliers, power of buyers, threat of substitutes, and rivalry among competitors. Understanding these forces can help companies identify strategic options for improving profitability within an industry.