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Summary from strategic advantage

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Issue:

Book Reports

 

Written by:

Keith W

 

Date added:

October 22, 2011

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 285

 

Was viewed:

6990 times

 

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Essay content:

The poorest companies have weak positions in weak industries. Five Competitive Forces: Michael Porter's Five Forces have become a yardstick for assessing industry profitability. They are... < tr> Porters Five Forces Diagram Thumbnail View Full Diagram * Buyers'/customers' power * Suppliers' power * Rivalry among competitors * Threat of new entrants * Threat of substitute products The more powerful these forces in an industry, the lower its profit potential...
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The strength of each force differs by industry and changes over time. You'll find a summary of Porter's Five Forces model in our Resource Library. Industry Analysis: You can use industry analysis in several ways to guide your strategic decisions. Benefit from industry analysis by: 1. Understanding the competitive forces in your industry...
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