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| Name | Industry Analysis: Porter's Five Forces Model | Strategic Management | From A Business Professor |
| Video Uploader | Video From Business School 101 |
| Upload Date | This Video Uploaded At 09-10-2021 05:15:00 |
| Video Discription | Hello, everyone. Welcome to Business School 101.An industry is a group of incumbent companies facing more or less the same set of suppliers and buyers. Firms competing in the same industry tend to offer similar products or services to meet specific customer needs. Harvard Business School Professor, Michael Porter developed a highly influential five forces model to help managers understand the profit potential of different industries and how they can position their respective firms to gain and sustain competitive advantage. Those forces are: Threat of entry. Power of suppliers. Power of buyers. Threat of substitutes. and Rivalry among existing competitors. |
| Category | People & Blogs |
| Tags | Industry Analysis | The Five Forces Model | Michael Porter | Porter's five forces model | threat of entry | power of suppliers | power of buyers | threat of substitutes | rivalry among existing firms | business course | examples | competitive advantage | strategic management | michael porter's five forces model |
