Imagine yourself to be a strategist of a real company. Select the company in an industry of your choice.
A strategist can analyze any industry by rating each competitive force as high, medium or low in strength.
In carefully scanning its industry, a corporation must assess the importance to its success of each of the following six forces. The first five are Porter’s 5 Forces Driving Industry Competition. The last one is added to reflect the power that governments, local communities, and other groups from the task environment wield over industry activities.
Learning Outcome:
Answer The Following Questions:
1.Threat of new entrants
2.Rivalry among existing firms
3.Threat of substitute products/services
4.Bargaining power of buyers
5.Bargaining power of suppliers and
6.Relative power of other stakeholders
7.Based on current trends in each of these competitive forces, analyze the competitive intensity and interpret the results.