Porter's 5 Forces

Porter's Five Forces

Porter’s Five Forces is a strategic framework developed by renowned economist Michael E. Porter. It provides a structured analysis of competitive forces within an industry to assess its attractiveness and profitability. The five forces include the bargaining power of suppliers, the bargaining power of buyers, the threat of new entrants, the threat of substitute products or services, and the intensity of competitive rivalry. This framework helps businesses and decision-makers understand the competitive landscape, identify potential threats and opportunities, and develop effective strategies to navigate the market successfully. By analyzing these forces, organizations can make informed decisions to maintain a competitive edge and thrive in their respective industries.

Resources available at Newton Gresham Library

Edmundson, Vickie Cox, The Thinking Strategist : Unleashing the Power of Strategic Management to Identify, Explore and Solve Problems

Michaux, Stephanie, Porter's Five Forces