Michael Porter’s 5 competitive forces that help shape a company's 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, businesses must overcome threats posed by these forces and make and
follow a business strategy.
No comments:
Post a Comment