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- Porter's model is a framework based on the competitive analysis of any industry12. It was introduced by Harvard Business School professor, Michael E. Porter12. The model identifies five competitive forces that determine the intensity of competition and the profitability of any industry2. These forces are: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products or services, and the rivalry among existing competitors2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Porter's model can be applied to any segment of the economy to understand the level of competition within the industry and enhance a company's long-term profitability. The Five Forces model is named after Harvard Business School professor, Michael E. Porter.
www.investopedia.com/terms/p/porter.aspDefinition: Porter’s five forces model, refers to a framework based on the competitive analysis, introduced by Harvard Business School Prof. Michael E. Porter. The model determines the intensity of competition in any industry is a mix of five competitive factors operating in different areas of the whole market.businessjargons.com/porters-five-forces-model.html - People also ask
Porter's Five Forces Explained and How to Use the Model
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