For getting idea Watch below
- Video and article: What are ‘Porter’s 5 Forces’ explains Michael Porter’s five forces model.
- Video: The Five Competitive Forces That Shape Strategy – Michael Porter discusses his five forces model that is used to describe industry dynamics, which are important to consider in strategic approaches.
Requirement: at least one page
Understanding the competitive environment is critical when developing a strategy. Using Porterâ€™s Five Competitive Forces model from week one, choose a company and describe the five forces for that company. Do NOT choose a car company or a company that another student has already chosen. As an example, you can use page 4 of this Toyota case study. In your responses to two other students, comment on whether you agree or disagree with their analyses and what you would add to their analyses.