Learn more about strategy with this collection
How to challenge assumptions
How to generate new ideas
How to break out of traditional thinking patterns
1) Threat of New Entrants
- Consider the ease with which new companies can enter the market.
- Many factors need to be considered, such as barriers to entry (patents and high set-up costs), the profitability of the business, and the brand's reputation.
2
34 reads
MORE IDEAS ON THIS
4) Bargaining Power of Suppliers
- Know how strong your suppliers are.
- Is there a supplier you are dependent upon?
- Is there anything you can do to reduce this?
- What are the chances that the supplier would be able to sell directly to your customers if it did not depend on your business?
- Is there...
2
18 reads
3) Bargaining Power of Buyers
Analyze your buyers' strengths.
- Do buyers have the upper hand in this market?
- Can buyers easily switch brands?
- Could some of your customers be in such a strong position to make you vulnerable?
- What impact will it have on your company if you're dealing with busin...
2
22 reads
Business Strategy Tool
The tool was created by Harvard Business School professor Michael Porter, to analyze an industry's attractiveness and likely profitability.
Since its publication in 1979, it has become one of the most popular and highly regarded business strategy tools.
...2
42 reads
2) Threat of Substitute products
- Analyze how easily your products can be substituted with others.
- It will depend on factors such as its relative price, accessibility, and quality.
- All alternatives should be considered, not just similar products.
- As an example, airlines
2
23 reads
5) Rivalry among Existing Competitors
- In industry analysis, it is important to understand who your competitors are and how you compare them.
- From the outside looking in, it may seem that everyone is a competitor.
- However, take a closer look and you will find that there are both direct and indirect competitors dep...
2
24 reads
CURATED FROM
IDEAS CURATED BY
Porter's Five Factors is a model that identifies and analyzes five competitive forces that define every sector and aid in determining an industry's strengths and weaknesses.
“
Related collections
Other curated ideas on this topic:
A Global Marketplace
American companies no longer enjoy local advantages and must now compete against companies from other countries that might have cheaper labour or less regulation. No business is safe from these changing market forces.
Technology has lowered barriers to entry, making it easier and cheaper ...
The Dynamic Nature of Market Values
- Market value is influenced by the business cycle and can fluctuate over periods of time. Market values decrease during recessions (bear markets) and rise during economic expansions (bull markets).
- Market value also depends on the sector in which th...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates