Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. what are the five forces of porter's model? what a

What are the five forces of Porter's model? What are the specific elements that should be...

70.2K

Verified Solution

Question

Advance Math

What are the five forces of Porter's model? What are thespecific elements that should be assessed under each of Porter'sfive forces? What is the difference between the company you areevaluating, the country industry and the global industry? What isthe purpose of the Competitor Profile Matrix? What are differentkey success factors that a company would consider? What is thepurpose of completing a partial SWOT (OT)? From where did thefactors of the EFE matrix derive

Answer & Explanation Solved by verified expert
4.4 Ratings (725 Votes)
Porters Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industrys weaknesses and strengths Five Forces analysis is frequently used to identify an industrys structure to determine corporate strategy Porters model can be applied to any segment of the economy to understand the level of competition within the industry and enhance a companys longterm profitability The Five Forces model is named after Harvard Business School professor Michael E Porter Porters five forces are 1 Competition in the industry 2    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

This is a Multiple part question. Please write step by step that way I can study...

Chemistry
Q

As a child, you greatly disliked having to receive vaccines by injection (shots). Therefore, you have...

Biology
Q

Define a Python function named matches that has two parameters. Both parameters will be lists of...

Programming
Q

Wing ratings PIV Peak Inverse Voltage and temperature is true Si diodes have wider temperature...

Physics
Q

I am the only toolkit function whose domain contains no negative numbers but my range...

Basic Math
Q

A city has streets that run north and south and avenues that run east and...

Calculus
Q

Solve for the remaining angles and side of the triangle described below. Round to the...

Algebra
Q

A partial trial balance of the Brown Manufacturing Corporation as of December 31. 2000 follows:...

Accounting
Q

Sheffield Corporation had the following activities in 2023: Sold land for $204,000. ...

Accounting
Q

Tyler Company budgets the following unit sales for the next four months: April, 3,400 units;...

Accounting
Q

A diamond mining company has just purchased a new crystal extraction machine that cost $5000...

Accounting
Q

Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here....

Accounting