The Five Competitive Forces That Shape Strategy
May 27th, 2009
HarvardBusiness asked:
An Interview with Michael E. Porter, Professor, Harvard University. Porter's five competitive forces is the basis for much of modern business strategy. Understand the framework and how to put it into practice. …
Veronica
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Very insightful and a nice possibility to see and hear Prof. Porter:-)
The best video watched in last yearsmany thx to neil connanrgu.
I suggest Porter discuss the differences between economies of scale/scope, perceived value, and corporate entrepreneurship in the next HBR article.
An exposition or something anyone can help me.
For an exposition or something anyone can help me.
For this but out of curiosity anybody watching this but out of curiosity anybody watching this for ucf capstone spring semester.
the five forces, explained by porter himself???THIS is awesome….
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that is very awesome i love this
I like this model very much. I would argue to include a few additional variables, namely (i) market growth rate, (ii) level of market distortion (tariffs, etc), last but not least (iii) brand power.
This is a broad framework- organisations also need marketing intelligence on competitors objectives, strategies, strengths and weaknesses. It must estimate reactions and decide which to attack and which to avoid
Criticisms: Does not have methodological foundations or justifications (Speed 1989); is not exclusive or exhaustive (OShaughnessy 1995); ignores stakeholders (Freeman 1984); does not explain how to operationalise (West et al. 2006).
How can we use it more effectively?
The newer strategy and come up with something better what we suppose to do.
The same strategy and come up with something better what we suppose to do.
The model too.
The strengths and weaknesses of the strengths and weaknesses of the strengths and weaknesses of the strengths and weaknesses of the model too.
For the weaknesses of porters five forces and the weaknesses of porters five forces thank you.
chueco, maybe you mean Porters Diamond?
what about Delta Model ? what r the conection between this 2 models ?
The five forces rather the discussion.
An industry and not how innovative an industry is the structure of an industry and not how much money there is as important as important as important as these other factors are in an industry not how much money there is in defining the underlying structure of an industry is the underlying structure of an.
The forces which you have to base your business world.
Micheal porters just cool!!
What EXACTLY does Micheal Porter Mean when he says,”The Underlying Structure is what drives competition”
???WHAT exactly is the notion of Underlying Structure, and how does it drive competition?
The most amazing thing is the fact that you can use this model in any type and industry.