Porter's Five Forces Analysis π§
Porter's Five Forces Analysis π§
Created using ChatSlide
Porter's Five Forces is a powerful framework used in strategic planning to analyse the competitive environment. It consists of five key components: competitive rivalry, the threat of new entrants, and the bargaining power of suppliers and buyers. Understanding competitive rivalry helps businesses devise effective pricing strategies. Recognising entry barriers and potential market disruptors aids in mitigating threats from new entrants. Moreover, assessing the influence of suppliers and...