- Information
- AI Chat
This is a Premium Document. Some documents on Studocu are Premium. Upgrade to Premium to unlock it.
Was this document helpful?
This is a Premium Document. Some documents on Studocu are Premium. Upgrade to Premium to unlock it.
Porter’s Five Forces Model of Competition_Notes
Course: Strategic Management and Total Quality Management (BME 7000)
15 Documents
Students shared 15 documents in this course
University: University of Perpetual Help System DALTA
Was this document helpful?
This is a preview
Do you want full access? Go Premium and unlock all 4 pages
Access to all documents
Get Unlimited Downloads
Improve your grades
Already Premium?
Porter’s Five Forces Model of Competition
Michael Porter (Harvard Business School Management Researcher)
designed various vital frameworks for developing an organization’s strategy. One of
the most renowned among managers making strategic decisions is the five
competitive forces model that determines industry structure. According to Porter, the
nature of competition in any industry is personified in the following five forces:
i. Threat of new potential entrants
ii. Threat of substitute product/services
iii. Bargaining power of suppliers
iv. Bargaining power of buyers
v. Rivalry among current competitors
FIGURE: Porter’s Five Forces model
Why is this page out of focus?
This is a Premium document. Become Premium to read the whole document.