Tuesday, March 15, 2016

Learning Business Architecture - 1

Michael Porter’s 5 competitive forces that help shape a company, its business strategy are:

  •            Rivals
  •           Customers
  •       New Entrants
  •       Suppliers
  •       Substitutes

These forces can vary from business to business. If in one business rivals are the strongest force, new entrants can be in the other. To succeed, business must overcome threats posed by these forces and make and follow business strategy.

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