The Limitations of Porter's Five Forces Model
Not what you're looking for?
Consider the limitations of Porter's five forces model discussed in the text. Given these limitations and the rapid pace of change in today's business environment, how useful is this model is assessing the industry environment? Is it really important to analyze the industry? Why or why not?
See the attached file.
Purchase this Solution
Solution Summary
The solution discusses the limitations of Porter's Five Forces Model in assessing industry environment.
Solution Preview
There are several limitations of the Porter's five forces model according to the case study for example; if there is an increase in the industrial complexity, drawing conclusions from the Porter's model becomes even harder; it does not consider the fact that large firms can always change their structure; it assumes that the industrial factors are the primary determinants of the firm profit; and the fact that a firm which competes in many countries around the globe have to be concerned with several industrial structures and analyze them.
Considering the limitations above and the changes experienced in the business environment today which are considered to be rapid, questioning the usefulness of Porter's model ...
Purchase this Solution
Free BrainMass Quizzes
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Operations Management
This quiz tests a student's knowledge about Operations Management
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.