2:21.pdf - Dr Dan Baugher MGT 250 5 Class 5 2/21 Porters...

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1 1 Dr. Dan Baugher MGT. 250 Porter’s Model of Industry Attractiveness Business Matrix Factors Business Unit Positioning Strategies (Porter) Adaptive Strategies Class 5 – 2/21 5 Baugher 2 Student Learning Objectives 1. Understand 4-part business unit strategy. 2. Recognize Porter’s industry position strategies & other differential advantages for strategic success. 3. Understand Porter’s Model of Industry Competition. 4. Recognize Adaptive industry strategies. Try to acquire from this class & associated readings at least the following:
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2 Baugher 3 Porter’s Model of Factors that Determine Competitiveness Within an Industry Buyers Suppliers New Entrants Substitutes INDUSTRY COMPETITORS Intensity of Rivalry Bargaining Power of Buyers Bargaining Power of Suppliers Threat of Substitutes Threat of New Entrants DETERMINATION OF SUBSTITUTION THREAT Relative price performance of substitutes Switching costs Buyer propensity to substitute It’s all about who takes the profits. Obviously, new entrants and substitutes can take profits but suppliers can take it from the back door and buyers can take it from the front door by bargaining. Rivalry tends to increase costs and take it from everyone.
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