Porter's Five Forces: Understand competitive forces and stay ahead of the competition
By 50minutes
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About this ebook
This book is a practical and accessible guide to understanding and implementing Porter’s five forces, providing you with the essential information and saving time.
In 50 minutes you will be able to:
• Understand the five forces that affect profitability and analyze each force in depth in relation to your company
• Analyze the intensity of the competition within an industry and how this affects your business
• Increase or maintain your competitive advantage according to the analysis
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Reviews for Porter's Five Forces
10 ratings3 reviews
- Rating: 5 out of 5 stars5/5A quick read to give you the main elements to focus on
- Rating: 4 out of 5 stars4/5Enjoye dthis.Lovely way to summarize and introduce peopel to the concepts. Easy reading.
- Rating: 5 out of 5 stars5/5Great summary and highlights of critical points in the book. Good job!
Book preview
Porter's Five Forces - 50minutes
Key information
Names: Porter’s five forces
Uses: analysis of the competitive environment of an industry
Why is it successful? This model enables you to:
understand the industry and the nature of relations between the various participants in the market in which the company operates;
identify the performance and influence factors of the sector;
evaluate how changes within an industry can affect its profitability.
Key words:
Competition: a significant aspect of a market characterised by the companies that are positioned there, fighting with each other to hold the largest market share.
Competitive advantage: the value created by the company and perceived by the customers that differentiates it from other industry players and brings better profitability, a differentiation force for negotiation.
Industry concentration: the power of certain participants in specific sectors. If only a few companies share the market, the industry is said to be concentrated.
Profitability: the ratio between the initial investment and the financial results.
Strategy: determining a set of actions to be taken and resources to be used in order to