5) Rivalry among Existing Competitors - Deepstash
5) Rivalry among Existing Competitors

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 depending on the industry.
  • For example, the direct competitor for Netflix is Amazon Prime, Disney+, Hulu, etc but its indirect competition is in games such as PUBG, Fortnite, etc.

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weeklyconcepts

Management concepts explained like tweets.

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.

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