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Strategic planning in dynamic environment 5. Identify Porter’s five competitive forces and explain how they determine industry...

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General Management

Strategic planning in dynamic environment
5. Identify Porter’s five competitive forces and explain howthey determine industry profit potential / attractiveness

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5 Competitive dynamics refers to the series of actions taken by the firm when participating in a competitive business environment Porter five forces also plays key role in increasing the level of competition The more the level of competition the more will be the overall profit of the company The five forces includes Threat of new companies Market that has the potential of giving high return will attract new companies to start its business As the number of companies will increase in the market the profitability will    See Answer
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