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Porter Five Forces
Essay specific features
Written by:
Reba J
Date added:
October 24, 2013
Level:
University
Grade:
A
No of pages / words:
2 / 402
Was viewed:
4380 times
Rating of current essay:
Essay content:
The other elements are the value chain and the generic strategies.
Criticism and Extensions
Porter's framework has repeatedly been challenged by other academics and strategists. Kevin Coyne and Somu Subramaniam have stated that three dubious assumptions underlie the five forces: that buyers, competitors, and suppliers are unrelated and do not interact and collude; that the source of value is structural advantage (creating barriers to entry); and that uncertainty is low, allowing participants in a market to plan for others behavior...
displayed 300 characters
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The other elements are the value chain and the generic strategies.
Criticism and Extensions
Porter's framework has repeatedly been challenged by other academics and strategists. Kevin Coyne and Somu Subramaniam have stated that three dubious assumptions underlie the five forces: that buyers, competitors, and suppliers are unrelated and do not interact and collude; that the source of value is structural advantage (creating barriers to entry); and that uncertainty is low, allowing participants in a market to plan for others behavior...
displayed 300 characters
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