According to Porter what determines the level of competitive intensity in an industry?
According to Porter "industry analysis" is Pepsi-Cola a substitute for Coca-Cola?
How does competitive intensity change in a "fragmented industry" vs. a "consolidated industry"?
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Brief preview on 5 Forces Analysis
Today's business environment is extremely competitive; hence organizations strive to create a competitive advantage to thrive in the competitive scenario. Michael Porter, considered to be one of the foremost gurus' of management, developed the famous five-force model, which influences an industry.
1. Industry competition/Degree of rivalry
2. Bargaining power of buyers
3. Bargaining power of suppliers
4. Government regulations
5. Threat of New entry
This model gives a fair idea about the industry in which a company operates and the various external forces that influence it. It's dynamic and over a period of time the model, which have used to analyze the industry may itself evolve.
Q Michael Porter's Industry Analysis, According to ...
Solution Summary
This solution provides detailed descriptions regarding competitive industry, industry analysis, and a comparison of fragmented and consolidated industries.
... and research skills, you continually seek new industries to enter, and ... whether or not you should enter an industry because you utilize Porter's Five Forces ...
... success in entering the soft drink industry. ... References: Porter, M., (1980) Competitive Strategy: Techniques for Analyzing Industries and Competitors ...
... Thanks, Rahul Jain OTA # 104898 (Already done 7350+ Postings with rating 4.9/5). This explains the Porter's 5 forces with relation to industry analysis. ...
... studies have affirmed that different industries can sustain ... this difference is explained by industry structure. Michael Porter provided a framework that models ...
... along with some specific example of some industries. ... the power of suppliers in automotive industry along with ... useful in analyzing the Porter's force supplier ...
