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Issue:

Miscellaneous

 

Written by:

Paul M

 

Date added:

July 13, 2014

 

Level:

University

 

Grade:

A

 

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2 / 553

 

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A change in any of the forces normally requires a company to re-assess the marketplace. Strategy consultants use Porter's five forces framework when making a qualitative evaluation of a firm's strategic position. The framework is textbook material for modern business studies and therefore widely known...
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The framework is textbook material for modern business studies and therefore widely known. Porter's Five Forces include three forces from 'horizontal' competition: threat of substitute products, the threat of established rivals, and the threat of new entrants; and two forces from 'vertical' competition: the bargaining power of suppliers, bargaining power of customers...
displayed 300 characters

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