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Porter’s Five Forces Porter’s Five Forces
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Things that put handcuffs of business, constraining our ability to do things. Place caps on your strategic options, like pricing, and thus, industry attractiveness.
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Potential Entrants Current Competitors
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Rivalry takes the familiar form of jockeying for position, using tactics like price competition, advertising battles, product introductions, and increased customer service The threat depends on the barriers to entry that are present, coupled with the reaction from existing competitors that the entrant can expect.
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warranties.
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Suppliers Buyers
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Compete with the industry by forcing down prices, bargaining for higher quality or more services, and playing competitors against each other, all at the expense of industry profitability. Can exert bargaining power over participants in an industry by threatening to raise prices or reduce the quality of purchased goods and services.
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Buyers and Suppliers Substitute Products
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All firms in an industry are competing, in a broad sense, with industries producing parallel products; identifying them is a matter of searching for other products that can perform the same The industry competes with them to break barriers to retain and extract profits.
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function as the product of the industry.
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Porter’s Five Forces Substitute Products
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This note was uploaded on 09/08/2011 for the course MAN 4720 taught by Professor Staff during the Spring '08 term at University of Central Florida.

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Exam1 - FC3 - The flashcards are formatted for printing....

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