Porters Five Forces Analysis
This Porter's Five Forces Analysis is a tool for identifying the primary sources of competition in your industry or sector. Porter's Five Forces Analysis provides a method for businesses to analyze and outmaneuver their competitors in the market. Understanding who your competitors are and how their products, services, and marketing strategies affect you is critical. Competition directly impacts your success, whether you are a Fortune 500 company or a small, local business. The five forces model, developed by Harvard Business School's Michael E. Porter in 1979, examines five specific factors that determine whether a business can be profitable compared to other businesses in the industry or not.
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