Porter’s Five Forces Model provides a structured framework for industry analysis and the competitive dynamics impacting an industry’s profitability. What is the main objective of Porter’s five forces model?
Porter’s Five Forces Model provides a structured framework for industry analysis and the competitive dynamics impacting an industry’s profitability. What is the main objective of Porter’s five forces model?
Michael Porter developed the Five Forces Model in 1980. Michael Porter’s Five Forces is a powerful competitive analysis tool to determine the principal competitive influence in a market. It is a broadly used model in business that refers to the five important factors that drive a firm’s competitive position within an industry.