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Porter's five forces help to identify where power lies in a business situation. The basic idea that each company is operating in a network of Buyers, Suppliers, Substitutes, New Entrants, and Competitors is still valid. Register today to learn more.
Porter's Five Forces of Analysis
Michael Porter's 5 Forces model explained
Porter's Five Forces - A Practical Example
Porter's Five Forces is a business management tool that is used to find out an industry's attractiveness or to evaluate the strength of its competitive position. It is useful for making strategic decisions, especially in the face of competition or when entering a new industry.
As an aspiring consultant, you must know how to apply this framework to approach your cases. Enroll today and check this course.
